- 18

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32.

Hong

Kong also plays a key role in foreign

investment in China. Up to 1988, some 70% of all such

investment was by companies incorporated or registered in

Hong Kong. Not all of these were Hong Kong companies. Many

were foreign ones which had chosen to use Hong Kong as

their base for this investment. And why not? We are not

only on China's doorstep. We also have unrivalled expertise

dealing with Chinese officials and enterprises,

particularly in Guangdong Province, and the full range of

back-up services that an investor needs.

in

33.

an

For many years to come, China will continue to be

important market for foreign exporters and investors.

And Hong Kong will continue to be the best means of access

to it. By playing an intermediary role, we can also

continue to be of benefit to China. We can provide

investment, foreign exchange and expertise to help the

Chinese economy continue to expand and develop.

(c) Participation in International

Organisations

34.

Hong Kong naturally wishes to play an active role

in international organisations that help to shape the world

27.'A

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