CHINA'S INVESTMENT IN HONG KONG
This paper is a report on the present situation
in respect of China's investment in Hong Kong. The
principal sources of information include press cuttings from newspapers and journals, and a document entitled "Hong Kong Companies having Chinese interest known to
Industry Department" prepared by the Industry Department.
In addition to these, there have also been discussions
with selected persons who are known to have research
interest in this field. However, the picture is
inevitably incomplete given the limited availability of
systematic and reliable data and the problems of tracing
the beneficial ownership of Hong Kong firms.
2.
But
Activities like travel services, air freight
business and newspaper publishing carried out by such
China-interest agencies as China Travel Service (HK) Ltd.,
China National Aviation Corporation (representative office of CAAC in Hong Kong) and the various newspaper corporations are widely known to people in Hong Kong.
these activities have not been discussed in detail because
they do not represent investment on a significant scale in
Hong Kong. Also widely known is the New China News Agency
which is regarded by the general public as China's
"diplomatic" representative in Hong Kong but again its
activities have not been discussed as this agency does not
play a direct role in economic activities.
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