TNAG-2815-FCO40-4061-Future-of-Hong-Kong-International-Rights-and-Obligations-(IR-1993 — Page 279

In

planning aspects as appropriate. In 1994. a steering committee chaired by the Financial Secretary, who would be supported by the Chief Executive HKMA and other senior officials concerned, would be set up to oversee the planning work and to give policy guidance as appropriate. In order to ensure smooth planning work and transition in 1997. it is intended to invite at a suitable stage the Chinese side to be represented at the steering committee; later on we could invite them to attend those sub-groups where their participation would be necessary or appropriate.

15.

In line with the with the

team would

familiarize

Bank/Fund's suggestion, members of the planning need to attend future Annual Meetings of the Bank/Fund to themselves with the proceedings and the logistics of the

a Hong Kong Bank/Fund and

Meetings. Since the planning work will require close liaison with the Bank/Fund in Washington, we are considering to arrange attachment to the office of the UK Executive Director in the

the attachment would work from the Chinese office in the Bank/Fund after

30 June 1997. The attachment

attachment will also handle other matters concerning relations between the Bank/Fund and the IMF, e.g. IMF Article IV consultations with Hong Kong over our exchange rate policy.

Hong Kong Monetary Authority

Ref. G10, 12/8C (III)

19 March 1993