CONFIDENTIAL # 3
CRC INF 4/87
(CEC 3/87)
Financial Developments in China and
their Implications for the Hong Kong Economy
Contents
The pre-1979 situation
Re-structuring and reform of China's
banking sector since 1979
Comments on the current state of
China's banking sector
Paragraph
1
www
3
-
2
15
16
23
Activities of foreign banks in China
24
28
Developments in China's
29
A
36
non-bank financial sector
China's fund raising activities
overseas
Implications of financial developments in China for the Hong Kong economy
37
39
(a) The importance of the
40
- 41
China dimension to
Hong Kong's development
into a regional
financial centre
(b)
Loan business to China
42
43
(c)
Financial relationships
44
-
46
between Hong Kong
and China
(d)
Hong Kong's presence in
47
China's banking sector
(e)
China's presence in
48
51
Hong Kong's financial sector
Conclusion
52
-
55
Annex Abbreviations
G.F. 32
CONFIDENTIAL # &
4.2