Asia-Pacific region will be reinforced.

expand Korean investment in Hong Kong.

Thailand

This will certainly

9.

Thai investment in Hong Kong,

particularly in the

manufacturing industry, is also considerable. As at the end of

1991, Thai investment in Hong Kong's manufacturing industry

amounted to HK$91 million. The textiles and clothing industry

in Hong Kong

alone attracted HK$42 million of Thai investment.

The

and clocks and food product industries also

attracted significant investment from Thailand, amounting to

HK$20 million and HK$17 million respectively.

10.

watches

As at the end of 1992 there were in Hong Kong 1

licenced banks, 4 restricted licence banks, 1 deposit taking

companies and 1 local representative office owned by Thai

interests.

increasing flow of trade and investment

within the Asia-Pacific region, further investment from Thailand

will inevitably be forthcoming.

With the

Austria

11.

There are about 40 Austrian companies actively involved

in Hong Kong trading, banking, finance, transportation and other

services industries. As at the end of 1992, there were in Hong

Kong 2 licenced banks and 2 local representative office owned by

Austrian interest. Some examples are Creditanstalt-Bankverein

and Lauda Air.

Belgium

12.

in

Most Belgian companies active in Hong Kong are engaged

the jewellery and clothing industries. Many Belgian

companies also use Hong Kong as their regional headquarters for

the control of their operations in the region and to oversee

general business activities here. There are in total about 35

operating here. Apart from the manufacturing

Belgian companies

industry, they are also active in such fields as finance,

engineering and shipping. As at the end of 1992, there

banking,

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