GF 323
--
CONFIDENTIAL NHA
20
External liabilities and claims against China in respect of Hong Kong's authorized institutions
Claims on
Liabilities
to China's
As at end of
banks (HK$ Mn)
Claims on China's
bank (HK$ Mn)
China's non-banking
sector (HK$ Mn)
1987
Q1
34,474
34,822
12,621
Q2
40,032
39,300
16,479
Q3
46,573
43,167
18,422
Q4
48,415
43,549
22,299
1988
Q1
42,420
47,950
24,069
Q2
48,917
50,617
27,730
Q3
55,615
54,699
34,491
04
59,079
60,527
39,404
31.
(b) Fund raising in Hong Kong
Cutbacks by China on its foreign borrowing
(paragraph 20) did not appear to have any immediate impact on China's fund raising activities in Hong Kong, as a number of previously approved loans were in the pipeline. The following list summarizes major fund raising by China or China-related firms in recent months.
Borrower
Bank of China
China
Construction
Bank
Amount involved
Project
Syndicated loans of
DM 3 billion
To finance the
construction of
An Shan Seamless
Steel Tube Plant.
Syndicated loans of US$128 million
To finance the
construction of
a chemicals
plant in
Shanghai.
CONFIDENTIAL
機密
No comments yet.
Private notes are available after approval.