Future
- 2
-
8.
HK
growth
10% ра
have risen
point for UK exports (in '80s UK exports
in HG
8.7% worldwide). Gateway to
exports to China. JD guarantees present system (free port, market system, legal and professional systems etc) will
open
continue.
Others have even more positive estimates of HK's
value to UK. Have no quibble with these. Our figures err
9.
on side of caution. Businessmen in good position to know
value of HK to UK business, e.g. Honour Hong Kong say:
i) UK gains £1.2 billion pa in invisible earnings including dividends £137 million,
tourism to UK £66 million;
ii) although UK imported £1.9 billion from
HK in 1989, this import bill would not vanish if HK collapsed, while £2.3 billion
of exports would;
iii) 1000 companies in HK are UK-owned, or
have significant British interest of
2500 UK companies have agents
management.
here;
iv) Market value of these 1000 companies in
HK is over £20 billion, 40% of market;
v) "British" companies have net assets of
£2.5 and £3 billion. If non-British
in these companies are included,
between
shares
near 6 billion;
vi) Believe British portfolio investment is
30% of market capital in HK.