11
SYNOPSIS
Helped by the traditionally strong economic ties
between Hong Kong and China, the financial links between
the two places have widened in range and deepened in
recent years. Hong Kong now plays an active role in
proviaing creait facilities and financial services to
support China's modernizations programme.
2.
The financial relationship between the two
places has become increasingly close, as indicated by the
rapia growth in financial transactions between Hong Kong's
financial institutions and their counterparts in China
(paras. 5 to 8 and Tables 1 to 3).
3.
China's financial presence in Hong Kong (paras.
9 to 10 and Table 4) has also grown over the years,
assisted by computerization (para. 12), a substantially widened retail banking network (para. 13 and Tables 5 and
6), and diversification of financial activities (para. 14)
through the creation of subsidiary or associate
deposit-taking companies and joint venture merchant banks,
as well as a significantly enlarged capital base (para. 15
and Table 7).
CONFIDENTIAL #≈