TNAG-1051-FCO40-1301-China-s-economic-relationship-with-Hong-Kong-1982 — Page 153

CONFIDENTIAL

Annex B

LIST OF 17 ITEMS OF JOINT VENTURES WITH CHINESE AND FOREIGN INVESTMENT ANNOUNCED

MOST CAPITAL COMES FROM OVERSEAS CHINESE AND COMPATRIOTS IN HONG KONG AND MACAU, WITH 3 JAPANESE FIRMS AND 1 AMERICAN FIRM

(Da Gong Bao- 9 December 1980)

According to sources in Beijing, since the announce- ment of the 'lav on joint ventures with Chinese and foreign investment', 17 joint ventures have been set up, most of which are light industry. The 17 joint ventures are as follows:

Beijing Airline Catering Co. (Beijing).

1.

2.

China Xun Da Lift Co. (Beijing, Shanghai)

3.

4.

5.

Tian Shan Woollen Textiles Co. Ltd. (Xinjiang)

Guang Ming Pig Farm (Guangdong)

Jian Qian Enterprise Co. (Fujian)

6.

.8.

9.

Yi Guang Colour Studio (Fujian)

Fujian Artificial Flowers Factory ́(Fujian)

Xi Hu Rattan Goods Co. (Zhejiang)

Oriental Spectacles Manufactory (Zhejiang)

10. Tientsin Grape Wine Factory (Tientsin)

11. Tientsin Watch Case Factory (Tientsin)

12. Yin Hua Standard Battery Company (Hebei)

13. Jien Guo Restaurant (Beijing)

14. Chang Cheng Restaurant (Beijing)

15.

Sun Palace Restaurant (Beijing)

16. Chinese Otsuka Co. Ltd. (Tientsin)

Oriental Hiring Co. Ltd. (Beijing)

17.

Of these companies, most are financed by overseas Chinese and compatriots in Hong Kong and Macau, together with three from Japan, one from the USA, one from France and one from Switzerland.

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