Concerning the establishment of a multilateral initiative to promote confidence among the people of Hong Kong.
Calls on the Government of the United Kingdom to lead an international effort to develop a multilateral initiative designed to provide a significant number of Hong Kong residents with a right of abode outside Hong Kong that would permit them to remain in Hong Kong after 1997 without forfeiting that right.
Urges: (1) the President to encourage and work with the United Kingdom in commencing discussions with other nations to develop and implement such initiative; and (2) the Secretary of State to support efforts to enhance Hong Kong's status as an international financial center, including efforts to establish major public international organizations in Hong Kong.
Calls on the President to discuss with the Prime Minister of the United Kingdom the possibility of convening a multilateral conference on Hong Kong on such initiative.
Received in the Senate and referred to the Committee on Foreign Relations.