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To: Gary Ng who wrote (37917)	10/28/1997 1:27:00 AM
From: Dom B.	Read Replies (1) \| Respond to of 186894

Gary Ng.. I read somewhere that Beijing wants Shanghai to be China's financial center instead of HongKong, where it has better control/management of the market, and not wait for 50 odd years. Are we seeing the first step of this agenda? tia for your opinion...//dom

To: Gary Ng who wrote (37917)	10/28/1997 2:52:00 AM
From: Jim McMannis	Read Replies (1) \| Respond to of 186894

Gary, Are you in Hong Kong? I have to wonder as well how the HK dollar would float. HK has about twice the growth rate as we do..up 'till now. Must be some real bargains coming up. Jim

To: Gary Ng who wrote (37917)	10/28/1997 4:40:00 AM
From: Tunica Albuginea	Read Replies (1) \| Respond to of 186894

Gary, Re: "It's the HK stock market that's tanking in lieu of the HK dollar.". I have a list of questions for you: a) Do you think it would be better for HK to devalue? unpeg? the HK$? b) Why is the HK$ being attacked? b1)Is it because of an overvalued/speculative real estate market in HK? b2)Or is it because there is a crisis of confidence in the Chinese goverments ability to handle th HK$ and HK Market properly, ie through the free market? Maybe it would be better at this point to unpeg the HK$ and let the chips fall were they may and let China learn how to dealwith free markets since they'll have to do so sooner or later anyway. TA