MONDAY, APRIL 17, 1989
1
5
TABLE 2 : RE-EXPORTS BY 10 MAJOR COUNTRIES OF ORIGIN
JAN-DEC 1988
JAN-DEC 1987
INCREASE
PERCENTAGE INCREASE
COUNTRY OF ORIGIN
(HKD MN.)
(HKD MN.}
(HKD MN.}
(%)
CHINA
131,525
84,266
47,260
56
JAPAN
37,714
24,599
13,115
53
TAIWAN
21.208
12,680
8.527
67
U.S.A.
19.153
13,586
5,567
41
REPUBLIC OF KOREA
13,050
6,188
6,862
111
F. R. OF GERMANY
4,201
2,979
1,222
41
SWITZERLAND
3.346
2,389
957
40
U. K.
3,255
2,463
792
32
FRANCE
3,134
2,119
1.015
48
SINGAPORE
2,734
1,567
1,166
74
FIVE NEW INSURANCE COMPANIES GIVEN APPROVAL
*
FIVE NEW INSURANCE COMPANIES
—
FOUR OVERSEAS AND ONE LOCAL WERE AUTHORISED TO CARRY ON INSURANCE BUSINESS IN OR FROM HONG KONG DURING THE 1988-89 FINANCIAL YEAR, THE REGISTRAR GENERAL, MR NOEL GLEESON. SAID TODAY (MONDAY).
DURING THE SAME PERIOD, NINE EXISTING INSURERS CEASED то BR AUTHORISED FOLLOWING THE CESSATION OR ORDERLY RUN-OFF OF THEIR INSURANCE BUSINESS IN HONG KONG.
AS AT MARCH 31 THIS YEAR, THERE WERE OPERATING IN HONG KONG, REPRESENTING A NET MARCH 31 LAST YEAR.
275 AUTHORISED INSURERS DECREASE OF FOUR SINCE
OF THESE, 127 WERE HONG KONG INSURERS, THE REMAINDER COMING FROM OVERSEAS, INCLUDING THE UK (39), USA (28), BERMUDA (11), JAPAN (8), SINGAPORE (7), SWITZERLAND (7) AND CANADA (6).
/IN ANNOUNCING