TNAG-2515-FCO40-3669-Future-of-Hong-Kong-International-Rights-and-Obligations-Sub-1992 — Page 136

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THE CHINESE EXECUTIVE DIRECTORS FROM BOTH THE FUND AND BANK (CHE AND WANG) AND THEIR ALTERNATES (WEI AND JIN) CAME TO SEE ME YESTERDAY TO REPORT FURTHER VIEWS FROM BEIJING FOLLOWING OUR DISCUSSION ON JANUARY 24. WANG SAID THAT FOLLOWING DISCUSSIONS BETWEEN THE FOUR INTERESTED MINISTRIES IN BEIJING, THERE WAS NO PROBLEM AGREEING TO :

(I)

(II)

WRITTEN ASSURANCE OF FREE ENTRY FOR DELEGATES

THE SAME HONG KONG WORKING GROUP HANDLING PLANNING FOR THE CONFERENCE BEFORE AND AFTER JULY 1 1997

(III) SOMEONE FROM HONG KONG AS PART OF THE CHINESE DELEGATION AT IMF/IBRD, AND THE CHINESE ED REPRESENTING HONG KONG IN THE SAME WAY AS L DO TODAY.

2.

HE DID NOT MENTION THE ISSUE OF WHICH FINANCE MINISTER (CHINESE OR HONG KONG) WOULD TAKE THE LEAD AT THE ANNUAL MEETINGS THEMSELVES, AND I DID NOT RAISE IT. BUT HE SAID WITH, I THOUGHT, A CERTAIN DEGREE OF EMBARRASSMENT THAT BEIJING HAD ONE DIFFICULTY WITH WHAT THAHANE HAD PROPOSED: BEIJING WOULD LIKE THE FORMAL INVITATION TO COME FROM CHINA, SECONDED BY THE UK SINCE CHINA WILL BE THE SOVEREIGN POWER AT THE ACTUAL TIME OF THE MEETINGS. JIN HAD ACCORDINGLY SPOKEN TO FORGET (BANK LEGAL DEPARTMENT) WHO HAD TOLD HIM THAT CONTRARY TO THE IMPRESSION GIVEN EARLIER BY THAHANE, THE BANK SAW NO LEGAL OBSTACLES TO AN INVITATION FROM THE CHINESE, OR FROM THE UK. (YOU WILL RECALL THAT THAHANE HAD INDICATED THAT LEGALLY THE UK WOULD PROBABLY NEED TO ISSUE THE INVITATIONS, WHICH THE CHINESE WOULD THEN TAKE OVER AS THE CONTINUING POWER IN 1997.)

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