CONFIDENTIAL
(ii)
(iii)
(iv)
a significant volume of its activities in Hong Kong consist of trade in, or the import of, British goods, or the provision of services by British citizens;
it is engaged in a joint venture or joint ventures in Hong Kong with a British undertaking as here defined
not less than 25% of the partnership's equity is owned by British citizens
Footnote
Where a holding company qualifies under one of the six categories, and the committee is satisfied that the holding company has effective control of a group of companies, such companies should also be defined as British Undertakings.
JH2ADT
CONFIDENTIAL
888-562