IX.
Finance of HKSAR
Feb 15 : Lunch with S for Tsy
48.
Wang expressed
inflation.
18
concern
over the subject of
Feb 17: Briefing by S for Tsy
49.
Wang expressed concern over the reported cost escalation in respect of the Airport Railway project.
50.
Under the Airport MOU, the HKG would leave a
reserve of $25 billion to the HKSAR and would consult the
Chinese side in advance for borrowing exceeding HKD $5
billion.
51.
Sought confirmation that the HKG would not leave
more than $5 billion unretired debt to the HKSAR and that
the reserve and the debt would be calculated in the 1997
price level.
52.
The
Chinese
Government
that the HKSAR would start
would
with a
like to make sure
healthy
financial
position in 1997. This was not out of any selfish motives, but out of concern about the well-being of 6 million HK
people and about the continued prosperity of HK.
No comments yet.
Private notes are available after approval.