CONFIDENTIAL
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(13)
(14)
(15)
first half of 1991, both customer deposits with and
extended by PRC banks in Hong Kong
domestic loans
increased
more rapidly than the overall growth rates for all licensed banks in Hong Kong (paragraph 33).
Hong Kong remained the largest source of external
investment in China. It seemed that most recently
the investment interest of Hong Kong companies in
China had become more balanced, in terms of both the
nature and location of investment (paragraph 34). Reciprocally, the activities of well-established
PRC-interest companies in Hong Kong had staged a
strong recovery since the beginning of 1991
(paragraphs 36 and 37).
to
over
the
The recovery of China's economy had not contributed
much to the increase in Hong Kong's exports of
consumer goods
China, due to the tight controls imposed by the Chinese government importation of consumer goods. The growth of Hong
Kong's exports to China in the second half of 1991
would be supported mainly by outward processing trade, and by re-exports of raw materials and capital goods to China for its own use (paragraph 37).
from China, though
The retail prices of goods
increasing at a faster rate in the second quarter than in the first quarter of 1991, continued to help dampening the overall rate of inflation in Hong Kong
(paragraph 39).
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CONFIDENTIAL
機密
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