SECRET £**
ARGUMENTS AGAINST CHINESE PROPOSALS FOR A CHINESE ENTERPRISES ASSOCIATION FC AND AN INSURANCE FC
Annex B
Chinese Enterprises Association FC
Fully agree that Chinese enterprises play substantial and important role in Hong Kong's economy.
But this is not an argument for what we would call a
"national" FC.
If we were to follow the Chinese
side's logic, we would probably also need to create separate FCs for, say, Japanese enterprises which is largest external investor in Hong Kong's manufacturing
industries
31.9% as of 1991, as opposed to China
(10.9%); [or US enterprises which was Hong Kong's
largest domestic export market (27.6% share in 1992,
as opposed to China's share of 26.5%)] on account of their contribution to Hong Kong's economy.
In Hong Kong, all investors
treated in the
regulations.
and enterprises are
same way, and subject to the same
There is no distinction whatsoever on
the basis of nationalities. It is this philosophy,
equal treatment for all, which makes Hong Kong's
economy SO successful. Proposal of the Chinese side goes against this philosophy. It also goes against the principle that FCs are to represent major economic and professional groups, and not "national" interests.
G.F. 316
SECRET 高度機密
No comments yet.
Private notes are available after approval.