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CONFIDENTIAL #3
Сосон
implications,
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Electric Power Development Co. is constructing a dual-fired power plant (Plant B) at Sha Jiao (4), with a
total pledged investment of US$290 million. Construction of this plant commenced in 1984, and it is expected to start operation by the end of 1987. In the initial stage, the plant will have the capacity to generate 600,000 kmh of electricity a day.
29.
Recently some firms have been set up in Hong
Kong to promote the transfer of technology to China. For instance, the Hong Kong and Kowloon Wharf and Godown Co. Ltd. has joined with the Bank of China (Hong Kong Branch) and the Chemical Bank to form China Capital Partners Ltd, which provides consultancy services to help technological revamping in small and medium-sized enterprises in China.
A Hong Kong Venture Investment Trust was also set up with the stated objective of facilitating technology transfer to Hong Kong and China. This is the first major private sector fund set up in Hong Kong for such a purpose.
(b) China's investment in Hong Kong
30.
China-interest companies continue to expand their activities in Hong Kong. In the banking area, the Bank of China (BOC) group is drawing up preliminary plans to open 50 more branches with a view to increasing its share in retail banking business. 'Under this plan, the capital assets of the group would increase by at least
HK$100 million. The BoC group has also become more
(4) Plant A of the Sha Jiao Power Station has a generation
capacity of 700,000 kwh a day. It has been under construction with provincial funds, and is expected to start operation by the end of 1986.
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