Hong Kong (United Kingdom Assets)
Mr. Heseltine: To ask the Chancellor of the Exchequer what calculations he has made of the value of United Kingdom assets in Hong Kong.
Mr. Major: Information is available only for certain categories. The latest information for direct investment is
for end-1987 when the book value of United Kingdom direct investment in Hong Kong was £1,924 million. There is no information on United Kingdom portfolio investment by country. Information is available on external assets and claims on Hong Kong by banks and other financial institutions in the United Kingdom. (See table 14 of the Bank of England Quarterly Bulletin.) At end-September 1989 United Kingdom liabilities to Hong Kong were £18,781 million whilst United Kingdom claims on Hong Kong were £18,446 million.
No comments yet.
Private notes are available after approval.