GF 323
CONFIDENTIAL ##
25
機密
Guangdong International Trust and Investment
Corporation
(GITIC)
A 5-year syndicated loan of US$15 million
For financing the construction of cement and petro- chemical factories in Guangdong.
China Resources
(Holdings) Co. Ltd.
A 5-year syndicated loan of US$100 million
For use as
working capital of the company.
33.
(c) PRC banks' activities in Hong Kong
During the
first half of 1991, customer deposits
with PRC banks in Hong Kong increased at a rate faster than
the deposits with all licensed banks.
This was
attributable to the faster growth in non-USS foreign
currency deposits with PRC banks, notwithstanding a
substantial depreciation in the exchange rates of most of
these currencies against the Hong Kong dollar during the
first half of 1991. During the same period, domestic loans
extended by PRC banks in Hong Kong also increased
significantly faster than domestic loans from all licensed
banks.
(IV) Investment
34.
(a) Hong Kong's investment in China
Hong Kong remained the largest source of external
investment in China.
It seems that most recently the
investment interest of Hong Kong companies in China has
become more balanced, in terms of both the nature and
location of investment.
Kong's investment is no
longer confined mainly to the manufacturing sector and to
localities in Guangdong.
agriculture and
places beyond
attractive to
Hong
However,
investment in
the production of raw materials, and in
the coastal region is still relatively less
Hong Kong investors. The following are the
more notable deals reported in recent months:
CONFIDENTIAL
機密