ید
to to imme
SECRET
FROM:
N J Cox
Miscall
$3
Hong Kong Department
20 February 1992
DATE:
CC:
Sir J Coles
minita
Mr Burns Content
PS/Lord
Lord Caithness
Mr Broadbent,
Pan
Economic Advisers
ра
2412
Mr Davies, FED
Para 3. This can wait
Para 2
Ak should abw.dow
HONG KONG: CONFIDENTIAL FINANCIAL DIALOGUE
A 1. The Minister of State will have seen Hong Kong telno 492
reporting the useful meeting in Peking on 17 February.
B Background was in my submission of 31 January.
с
ດ
D
2.
The Chinese reacted positively to the proposed
publication of the Exchange Fund balance, but asked for two months' notice before publication. Despite the cautionary note in our telno 149 para 5, Hong Kong still seem tempted to hurry through the announcement in the Financial Secretary's budget speech on 4 March. I think that this would risk souring the atmosphere unnecessarily and submit a draft telegram encouraging Hong Kong to go a little more
slowly.
3.
The draft telegram also notes that the Chinese are maintaining their interest in a "symbolic" issue of bank notes by the Bank of China in Hong Kong before 1997. Hong Kong's main concern is to ensure that the Bank of China fully appreciate the costs and obligations involved (para 5 of Hong Kong telno 358).
NC2ABT/1
Mos
SECRET
N J Cox
Semible adere
admegle
سسه شماست
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