TNAG-2772-FCO40-3989-Hong-Kong-situation-reports-(SITREPs)--January-November-1993-1993 — Page 26

UNCLASSIFIED

177021 MDLIAN 5388

PERCENT AND THE TRADE DEVELOPMENT BOARD OF SINGAPORE AND A SINGAPORE COMPANY 12.5 PERCENT.

30.

AN ARTICLE (18.2) IN THE FEBRUARY ISSUE OF CHINA TIMES WEEKLY NOTED THE HKMAO HAD LAUNCHED A NEW ECONOMIC OFFENSIVE IN THE FORM OF INVOLVEMENT IN THE NEW CHINA HONG KONG GROUP. THE ARTICLE NOTED THE MOVE HAD POLITICAL SIGNIFICANCE WHICH WAS TO JOIN UP THE CREAM OF THE SECOND GENERATION OF THE BUSINESS SECTOR IN HONG KONG AND ALSO SINGAPORE TO FORM A UNITED FRONT. IN THE LONG TERM, THIS INDICATED HKMAO AND THE PEKING AUTHORITIES HAD TAKEN A LONG TERM VIEW ON THE ECONOMIC AND POLITICAL PLATFORMS/ THE TARGET OF THEIR UNITED FRONT EFFORTS WAS THE NEXT GENERATION OF THE HONG KONG TYCOONS.

ENDS PART TWO OF TWO PARTS.

PATTEN

YYYY

MAIN

.HK POLICY

HKD

PUSD

FED

64

DISTRIBUTION

66

NTCD

PLANNERS

RAD

PS

LEGAL ADVISERS//MS BARRETT

./MS BROOKS AND MR GILES NEWS D

PS/MR GOODLAD

SIR J COLES

MR HUM

ADDITIONAL

2

CAOFF//SIR R BRAITHWAITE (DIO)

HKGOL

NNNN

PAGE

5

UNCLASSIFIED