H.K. chief executive to meet Greenspan.
HONG KONG, Jan. 6 Kyodo Hong Kong Chief Executive Tung Chee-hwa
said Wednesday that he will meet Alan Greenspan, chairman of the U.S.
Federal Reserve Board, next week to discuss a broad range of issues.
Tung declined to give details of the scheduled meeting with the Fed
chairman, who is coming to Hong Kong to attend a meeting organized by
the Basel-based Bank for International Settlements (BIS).
''Obviously, we will be talking about a whole series of
issues,'' Tung said. ''Hong Kong is a very
externally oriented economy. Therefore, what happens in the United
States and what happens in Asia will have a serious impact.''
A government spokesman told Kyodo News the meeting is slated for next
Monday. The main aim of the BIS meeting is for central bank governors
from around the world to review global economic developments,
particularly on restructuring programs in the banking sector. In
addition to Greenspan, Bank of Japan Governor Masaru Hayami will also
attend the meeting. Greenspan has criticized the Hong Kong
government's 15 billion dollar buying spree in the stock and
futures markets, saying such actions may lead to an erosion in the
credibility that the Hong Kong monetary authorities have achieved over