*

- 2

Tourism to the UK from Hong Kong totalled £66 million (HK$825 million).

Other items, including transport, insurance, banking and other financial services, cargo revenue and total management being the total to over £1,000 million (HK$12,500 million).

Investment in Hong Kong

* British companies have net assets in Hong Kong worth

between £2,500 million and £3,000 million (Between

This includes the HK$31,250 and HK$37,500 million).

total net assets of companies wholly-owned from Britain and an appropriate proportion of the net assets of companies partly owned and controlled from Britain.

*

The total net assets of companies controlled from

This Britain is around £6,000 million (HK$75,000). includes the assets of non-British shareholders in

British-controlled companies.

*

This

The total gr ss stock market value of British owned, controlled or managed companies in Hong Kong in January 1989 was £19,000 million (HK$237,500 million). includes companies managed by British personnel but not owned from Britain.

The Work of British Companies

*

There are more than 400 British companies established

Many of these are local an operating in Hong Kong.

subsidiaries of British parent companies.

cont/d

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