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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 the years.
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Publication:Asian Economic News
Geographic Code:9HONG
Date:Jan 11, 1999
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