Tourism
CONFIDENTIAL #
24
31.
In the second quarter of 1987, about 3.3 million
trips were made by Hong Kong residents to China,
representing an increase of 21% over the same quarter in
1986. In addition, 207 199 trips were made by foreign
visitors to China through Hong Kong, representing an
increase of 19% over the same period last year. The
number of direct trips made by Chinese residents to Hong
Kong (i.e. excluding trips made by Chinese residents to
Hong Kong from places other than China) rose by 22% over
the same period to 71 840. Of these, 32% were in the form
of group tours, 28% were made by two-way permit holders,
and the rest were made by PRC passport holders coming to Hong Kong as visitors (including transit visitors).
32.
Over the same period, 2 037 PRC official
delegations comprising 7 928 people visited Hong Kong.
This compared with 1 668 delegations comprising 6 786
people in the first quarter of 1987. More than half of
the official delegations in the second quarter of this
year involved delegations of a business or commercial
nature. At the end of June 1987, there were 5 582 PRC
officials working in Hong Kong, compared with 5 301 at the
end of March 1987.
Financial links between Hong Kong and China
33.
In terms of external financial transactions,
claims on China's banks by Hong Kong's financial
institutions (banks and deposit-taking companies) recorded
an increase of 12.9% during the second quarter of 1987 to HK$39.3 billion (US$5 billion). Liabilities of Hong
❤
Kong's financial institutions to China's banks increased
more rapidly, by 16.1% to HK$40.0 billion (or US$5.1
billion). Thus, the total claims and liabilities between
the financial sectors in these two economies were roughly
CONFIDENTIAL **