possible exception to this would be if the Hong Kong lessor was

a wholly-owned subsidiary of a UK company.

17 Hong Kong lessors would have to satisfy ECGD's creditworthiness

criteria. In practice this means that they would have to be rather

more substantial than many counter trade agents and would probably

be limited to banks and major trading companies.

18

A list of appropriate Hong Kong institutions is at Annex C. It

is by no means exclusive however and companies wishing to use other

intermediaries are advised to contact ECGD (Mr J. Brown

tel: 606-6699 ex749) at the earliest opportunity.

GOVERNMENT EXPORT SERVICES

19

The full range of Government export services including the

advice of Commercial Departments in British Embassies and the Export

Services and Commercial Relations and Exports Division of the

Department of Trade, is available to help exporters who wish to

sell on lease.

FURTHER ENQUIRIES

20 This note will be revised from time to time. Anyone needing

further advice, or with suggestions for making this note more useful

to exporters is invited to contact the China Unit, CRE 4/2, Department

of Trade, 1 Victoria Street, SW1, or telephone 01-215-3860.

China Unit

Commercial Relations and Exports Division 4/2

Department of Trade

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