G.F. 82
Leal 7.3.78.
9282
SMA
7/3
PAS(ES)D
APA
File No.
SCR
Tx Copy with enclove to"
DSB
Аккода. род
105
Page
A 1978
It's
INDEX
HK!
CHINA
R
MFSauerbelts D11c Moj
M2 Wilber, Arsennel stelt cabinet office
in Arit 113
The usual foreign exchange and trade figures for 1977 are now available and are set out below with 1975 and 1976 figures for comparison.
HK$ million
1975
1976
1977
China's purchases
8788
9459
15616
of foreign currency
of which US$
5101
9190
12831
£
others
3608
155
1463
79
114
1323
HK visible imports from China c.i.f.
6805
7761
8082
Residual
1983
1698
7534
2.
As noted last year, the residual does not just represent invisible exports to Hong Kong. Rather it represents the net balance of several categories of transactions which includes
(1) imports and exports of services
(2)
(3)
•
profits of mainland controlled enterprises, including banks
remittances by overseas and Hong Kong residents to Chinese residents through Hong Kong
(4) direct investment in Hong Kong, including the
reinvestment of profits
changes in the level of HK dollar lending by the Chinese controlled banks
placement, of surplus funds in the HK dollar
(5)
of with chawals
(6)
money market and elsewhere, and
(7)
changes in HK dollar deposits of Chinese banks.
/...