G F. 326
3
(v)
financial and related business services,
e.g. brokerage of shares, stocks and
commodities (para. 26); and
(vi) the issue of bonds and CDs (para. 27 and
28).
5.
There are also añ increasing number of
China-Privincial and Municipal Offices being set up in
Hong Kong (Table 10), engaging in various activities
including trading, property investment and fund raising
(para. 29).
6.
Whilst potentially there appears to be a
considerable opportunity for foreign investment and
foreign financing in China (para. 30), China has
maintained a relatively cautious attitude towards the
opening up of its financial sector to foreign operators
(para. 31). Hong Kong, due to its geographical position
and cultural links, thus provides a valuable stepping
stone to the China market for many foreign financial
institutions (para. 32, and Tables 5 and 12).
7.
The role of Hong Kong as a source of funds is
also assessed (in paras. 34 to 38) to give some indication
of the scale of activity involved, although information in
this area is very scattered.
CONFIDENTIAL # 3