TNAG-2126-FCO40-3036-Investment-in-Hong-Kong-1990 — Page 34

- 3 -

*

In addition, there are a large number of companies which are not wholly-owned from Britain but in which there is significant British investment or management.

-

* In all, there is British involvement through direct control, investment or management in close to 1,000 companies in Hong Kong. (Additionally 2,300 British companies have agents in Hong Kong).

A Gateway to China and East Asia

*

*

―

32%

Hong Kong is the main gateway to trade with China of China's total international trade passes through

Hong Kong.

It is also one of the gateways to East Asia generally 60% of Hong Kong's trade is with the rest of East Asia.

* The Hong Kong Stock Exchange is a crucial link in the

increasingly integrated worldwide financial markets another key link is London.

*

Hong Kong is a major financial and banking centre for

East Asia.

19th January, 1990