GF 323
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23
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Assets of
China-related authorized institutions in Hong Kong
Amount as at
end-June 1993
(HK$Bn)
HK dollar
322
Change over
End-March
1993
(음)
0.8 (3.1)
End-June
1992
( % )
11.6 (13.3)
*
Market share as
at end-June 1993
( % )
22.6
Foreign currencies
252
2.8
(0.1)
11.3 (3.6)
5.6
Total
574
1.7
(0.8)
11.5 (5.8)
9.7
Notes: () Figures in brackets refer to the corresponding growth rates for all authorized institutions in Hong Kong taken together.
#
(*)
Adjusted for swap deposits.
Comprising all authorized institutions with beneficial ownership in China. Principally, they include those under the Bank of China Group.
28.
(IV) Investment
(a) Hong Kong's investment in China
During the second quarter of 1993, the more
important new investment projects Hong Kong companies took
up in China included the following:
New World Development signed an agreement to participate in a US$1 billion housing project in Wuhan, providing flats mainly for local residents in the City on a 4 000-acre site.
Wharf
Holdings
in a Rmb 4.5
signed a contract for a 25% stake
billion power plant project in parties to the venture include the
Wuhan municipal government, East China Electric
Power Bureau, and the
Wuhan.
Other
government-backed China
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