TNAG-2126-FCO40-3036-Investment-in-Hong-Kong-1990 — Page 39

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Tourism to the UK from Hong Kong totalled £66 million 1987.

(HK$825 million).

Other items, including transport, insurance, banking

and other financial services, cargo revenue and total

management being the total to over £1,000 million

(HK$12,500 million).

Investment in Hong Kong

British companies have net assets in Hong Kong worth

between £2,500 million and £3,000 million (Between

HK$31,250 and HK$37,500 million). This includes the

total net assets of companies wholly-owned from Britain

and an appropriate proportion of the net assets of companies partly owned and controlled from Britain.

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The total net assets of companies controlled from

Britain is around £6,000 million (HK$75,000). This

includes the assets of non-British shareholders in

British-controlled companies.

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The total gross stock market value of British owned,

controlled or managed companies in Hong Kong in January

1989 was £19,000 million (HK$237,500 million). This

includes companies managed by British personnel but not

owned from Britain.

The Work of British Companies

There are more than 400 British companies established

and operating in Hong Kong. Many of these are local subsidiaries of British parent companies.

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