TNAG-2507-FCO40-3648-Official-visits-from-China-to-Hong-Kong-1992 — Page 50

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HKC 026/5.

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MDLIAN 6630

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FM HONG KONG

TO PRIORITY FCO

TELNO 1356

OF 19113OZ MAY 92

см

INFO PRIORITY PEKING, UKREP JLG HONG KONG

VISIT TO HONG KONG BY GOVERNOR OF GUANGDONG,

G

15 19 MAY.

SUMMARY

1. A FRIENDLY VISIT, DURING WHICH ZHU SENLIN HAD AN OPPORTUNITY FOR TRADE AND FINANCIAL TALKS WITH THE PRIVATE SECTOR, THE TRADE DEVELOPMENT COUNCIL AND THE STOCK EXCHANGE. TALKS WITH ME FOCUSED ON ECONOMIC, TRANSPORT AND SECURITY ISSUES.

DETAIL

2. THE GOVERNOR OF GUANGDONG, ZHU SENLIN, VISITED HONG KONG FROM 15 19 MAY. THIS WAS A RETURN VISIT FOR THE ONE I PAID TO GUANGDONG IN FEBRUARY. ZHU WAS ACCOMPANIED BY THE HEADS OF HIS PLANNING COMMISSION AND FOREIGN AFFAIRS OFFICE, AND FOR PART OF

THE TIME THE HEAD OF HIS FOREIGN TRADE COMMISSION. HE WAS ON HIS WAY BACK TO GAUNGDONG FROM A VISIT TO THE UNITED STATES.

3. ZHU VISITED THE PORT, THE SITE OF THE NEW AIRPORT, THE BORDER (WHERE HE WAS BRIEFED BY THE COMMISSIONER OF POLICE), THE STOCK EXCHANGE AND AN INDUSTRIAL ESTATE. HE MET BANKERS AT A DINNER

HOSTED BY THE FINANCIAL SECRETARY AND HELD TALKS WITH AND WAS GIVEN DINNER BY THE TRADE DEVELOPMENT COUNCIL (TDC). HE SHOWED

CONSIDERABLE INTEREST IN HELP OFFERED BY THE TDC FOR DIVERSIFYING

GUANGDONG'S EXPORTS (TO REDUCE THE RISK IF MFN STATUS IS TAKEN AWAY). HE EXPRESSED THE HOPE THAT THE B SHARES OFFERED ON THE

SHENZHEN STOCK MARKET COULD IN DUE COURSE BE LISTED ON THE HONG

KONG STOCK MARKET. HE WAS ALSO INTERESTED IN CO-OPERATION BETWEEN OUR CONTAINER PORT OPERATORS AND THOSE IN CHINA (WHICH IS NOW STARTING TO DEVELOP, WITH CHINESE EQUITY HOLDINGS IN SOME OF THE MAIN HONG KONG CONTAINER TERMINAL COMPANIES).

4. ZHU CALLED ON ME ON 18 MAY. WE HAD A FRIENDLY EXCHANGE WHICH FOCUSSED ON ECONOMIC, TRANSPORT AND SECURITY ISSUES. I LATER GAVE HIM LUNCH.

ECONOMIC ISSUES

5. IN DISCUSSION WITH ME, ZHU EMPHASISED THE IMPORTANCE FOR CHINA

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