Trade
UK ECONOMIC BENEFITS FROM HONG KONG
BULL POINTS
1.
UK direct exports to HK worth £1.1 billion 1989.
2.
1989, HK was UK's 2nd largest Far East market
Investment
3.
In
1980s
6th largest outside NA and Europe 19th largest in the world.
average
annual rate of UK direct
investment in HK £180 million.
4.
1987, book value of UK direct investment in Hong
Kong 1.9 billion (4% of total in Commonwealth).
5.
1987, UK investment in HK generated £486 million (17% of net earnings from Commonwealth investments).
Financial Services
6.
1989, 20 UK institutions operating as banks or DTCs
held 7.6% of HK's total deposits.
7.
HK has UK legal system, UK standards and practices: offers outstanding overseas business location for UK companies. Many major HK firms see UK as natural supplier (CLP-Castle Peak, MTRC and KCRC-trains, tunnels-E & M work).