- 8
Member economies of APEC are Australia, Brunei Darussalam, Canada, Chile, the People's Republic of China, Hong Kong, Indonesia, Japan, the Republic of Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, the Philippines, Singapore, Chinese Taipei, Thailand and the United States.
End/Friday, February 10, 1995
Foreign direct investment in HK estimated at US$50b
The total value of foreign direct investment (FDI) in Hong Kong was estimated at over US$50 billion as at mid-1994, the Director-General of Industry, Miss Denise Yue, said today (Friday).
Speaking at a forum on "Foreign and Regional Investment in Asia" organised by the City University of Hong Kong, Miss Yue said a major proportion of such investment in Hong Kong came from the Asia- Pacific region, more specifically from China, Japan and the United States.
"One recent estimate puts the size of China's investment in Hong Kong at around US$25 billion," Miss Yue said.
According to Japan's Ministry of Finance, the value of Japanese FDI in Hong Kong amounted to US$12.7 billion at the end of March 1994, or about three and a half times the position as at the end of March 1985.
"The US Department of Commerce estimated the amount of FDI from the US in Hong Kong at US$10.5 billion at the end of 1993, or more than twice of the position as at the end of 1985," she said.
of sectors including
These investments cover a wide range of sectors
manufacturing, wholesale, banking,
banking, finance,
transportation, infrastructural projects and tourism.
construction, construction,
retailing,
Page 10Page 11