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dti
External Investment in Hong Kong
15
The UK's share of total external manufacturing investment in Hong Kong is approximately 7% (far less than that of Japan and the
But in terms of the USA, which together account for about 75%).
total number of 'external' establishments in Hong Kong the UK is second only to the USA.
This
The latest published results giving details of net direct investment are those for the period ending 1987, when the book value of net direct investment from the UK into Hong Kong was £1,924 m compared with £1,531 m at the end of 1984. investment does not include portfolio investment, which itself is thought to account for 30-40 per cent of the total market
The total gross capitalisation of listed companies in Hong Kong.
stock market value of British owned, controlled or managed companies in Hong Kong in January 1989 was in the order of £19,000 m (this includes companies managed by British personnel but
British commercial involvement in Hong not owned from Britain).
John Swire & Sons Ltd, for example,
Kong continues to be massive.
put the genuine UK content in the five major Swire-chaired companies in Hong Kong, without double counting, at a conservative
£1.2 bn.
16
British underlying investment in real estate, aviation, telecommunications, trading financial services, and in some other spheres, is very substantial; and a high proportion of the major companies quoted on the Hong Kong Stock Exchange are British managed and controlled.
The frequent assertion that British commercial interests have progressively withdrawn from Hong Kong is
Successive DTI surveys have shown in fact that quite incorrect. the value of British investment in Hong Kong has increased, with Hong Kong taking the largest proportion of Britain's investment
in Asia.
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