TNAG-2507-FCO40-3648-Official-visits-from-China-to-Hong-Kong-1992 — Page 33

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

GF 323

CONFIDENTIAL

機密

(v) Monetary

Affairs Branch: SMA explained why Hong

Kong had become an

international

financial

MAB.

centre and briefed the guests on the work of

Mr Zhao Jihua asked how Hong Kong could

compete with Singapore in maintaining her

position as an international financial centre.

SMA said the two financial centres could

complement each other.

inflation and the new airport project would

affect the HK economy.

Mr Zhao asked how

SMA attributed

inflation to strong domestic demand and

predicted that there would be no rapid

reduction in the inflation rate in the near

future; he considered that the economic

benefits of the new airport had not yet become

fully apparent.

6.

were

careful

Throughout the visit, Mr Zhao Jihua and colleagues

not to make comments or to ask any politically

sensitive questions. Mr Zhao Jihua was asked by reporters,

upon his arrival in Hong Kong, to comment on the appointment

of Mr Patten as the new Governor.

issued by the MFA that the

Mr

He repeated the statement

Government hoped Mr

relations.

He

Chinese

Sino-British

Patten would maintain good

declined to comment on the costs of PADs or media reports on

Patten's alleged plans (sic) to restructure HKG. Several

times when the media approached him, he confined his

statement to a brief recap of the briefings received.

coverage on the visit was routine.

機密

CONFIDENTIAL ##

Press

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