GF 323

Summary

CONFIDENTIAL

機密號

Report on Developments in

Hong Kong-China Economic Relations - fourth quarter of 1988 -

CRC INF 7/89

(CEC 2/89)

Paragraph

(I)

General Economic developments in China

(a)

Overall view

1

(b) Domestic sector

2

10

(c)

External sector

11

K

14

(d) Financial developments in China

(i) Loans and money supply

15

-

17

(ii) Stock and futures trading

18

19

(iii) China's foreign debt

20

(e)

Developments in the vicinity of

Hong Kong

21

(II)

Visible trade between Hong Kong and

China

25

-

-

24

29

(III)

Financial links between Hong Kong and

China

(a)

Financial transactions between

Hong Kong and China

30

(b)

Fund raising in Hong Kong

31

(c)

Floating of HK$ bonds in China

32

(d)

Bank of China (BOC) Group activities in Hong Kong

33

35

(IV)

Investment

(V)

(a) Hong Kong's investment in China

(b) China's investment in Hong Kong

Concluding remarks: implications for

Hong Kong

Statistical Appendix

CONFIDENTIAL

機密

36 - 37

38

-

40

41

44

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