GF 323
CONFIDENTIAL #3
17
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(d) Bilateral
the
commercial
relations have ceased
to be a key focus of interest in the UK as
British economy has become more open
(partly because of EEC membership and partly
because of the deregulation of the financial
services industry).
38.
of
However, it may be desirable to undertake a study
the UK economic relationship as a precaution against CPG
and United Front efforts to weaken HKG's credibility in the
"exploitative" the historical
future by
denouncing as
relationship with the UK.
indicate that the CPG has
(PRC and United Front sources
an ongoing research programme
"exploitative"
designed to demonstrate the
UK's administration in Hong Kong over the years.)
nature of the
39.
financial
professional and
The CPU itself lacks both the
resources to undertake a detailed study of this
Indeed, it would be far better for HKG not to
subject.
carry
out such
an
exercise
itself,
lest
this provoke
allegations that its findings lacked objectivity and were
intended only for "propaganda" purposes. However, there
would be nothing to prevent HKG from encouraging a suitable
UK body to support such an endeavour. Ideally, the project
respectable academic with
should be
background
a
directed by
in
international
a
economics and some familiarity
with Hong Kong.
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