In the same way, regulatory issues before 1997 are for the Hong Kong authorities, not the British
Government. We have been following closely your dialogue
with the Hong Kong authorities on the secondary listing
issue and the question of the takeover code. I am glad
to hear that things seem to be moving in an encouraging
direction. But this is not an area where I or the
British Government can or should wave a magic wand. must be up to Hong Kong to decide where to strike the balance between adequate regulation to protect investors and maintaining their reputation as a profitable and
successful centre for trade and commerce.
It
What we can do is to make sure that British business
Briksh Trade Commissioner gets the very best support from the Senior BC and his staff in Hong Kong. I believe Peter Heap has done a formidably good job in ensuring that British business and
Wind
X investment is given the fairest word possible. The FCO
ѝ
is in regular correspondence with him, as well as the DTI and I am quite sure that his successor Stephen Day, currently Ambassador in Tunis, will be just as
effective.
David Gillmore
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