1989-03-16 14:54 BRITISH TRADE COMMISSION
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The Swire Group capital investment in 1987 was about £270m. Hong Kong Telecom
has plans for £230m of investment in 1989; Shell will be making a large
investment to move its storage facility.
10. None of the figures mentioned so far, include the extensive British
investment in Hong Kong equities where no management or control is involved.
It is thought that British portfolio investment accounts for 30-40 percent of
the total market capitalisation of listed companies in Hong Kong.
Invisible Earnings
11. Total earnings by British companies in the 'invisibl sector of the
economy are very large but difficult to quantify.
or includes the net
earnings of overseas affiliates, dividends, tourism, students, insurance,
banking and other services. From the limited information available (some for
1986 and some for 1987) annual earnings of £879m can be identified. But this
does not include earnings by insurance companies or consultants (there are more
of both from Britain than from any other country), banking or other financial
services, cargo revenue or hotel management.
12. It is therefore clear that the total annual earnings by British companies
in the invisibles sector are onsiderably more than £1,000m,
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