Unfortunately the print they have looks like it was from a Japanese VHS release because the picture quality isn't great and there are embedded Japanese subtitles to contend with, so if anyone knows of a better resolution version then please let me know. In the meantime it has a whole bunch of new places to see as well as some old ones.
The film starts off with a Russian jet fighter (the "Foxbat") being flown into Hokkaido in northern Japan and all the countries around the world are scrambling over themselves to get hold of its technology. The action soon moves over to Hong Kong as the various interests all meet up to strike a deal.
Cue an establishing shot of the harbour. Sadly not a great quality picture and the interlacing on the film doesn't seem to be fixable. But even so you can still make out some detail.
I'm not 100% positive, but the angle of this view appears to me to be taken from Peak Road near to the junction with Magazine Gap Road. My reasoning is that I believe the building in the bottom left of the lower picture is the pre-remodelled "Katoomba". Those who have read my Noble House posts may recall that when that series was being filmed (circa 1986) the whole house was undergoing extensive renovations. The angle on Stonecutter Island at the back also indicates that general area.