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U.S. Investment Remains High
The ten largest U.S. banks all have branch offices in Hong Kong. The U.S. is second only to Japan in foreign banking presence in Hong Kong.
In 1989, U.S. banks had $99 billion in deposits in Hong Kong, giving them a market share of almost 10 percent. Their assets exceeded $250 billion - a 6 percent market share.
Among the companies that have regional headquarters in Hong Kong:
Bausch and Lomb Incorporated
Dun and Bradstreet International Dow Chemical Company
Mattel Incorporated.
McDonnell Douglas Limited
Unisys Corporation
Among the U.S. companies that have offices in Hong Kong:
Levi Strauss Company
McGraw Hill Incorporated
Metro Goldwyn Film Company
Motorola Incorporated
Nabisco Brands Incorporated
Park Davis and Company
Polaroid Corporation
Prudential Insurance Company of
Reader's Digest Association
Incorporated
Scott Paper International
Incorporated
Texaco Incorporated
Wang Laboratories Incorporated
Xerox Corporation
America Incorporated
Over 35,000 workers are employed by 158 factories in Hong Kong that are wholly or partly controlled by U.S. interests. About a third of these factories produce electronics equipment.
As of last year, 900 U.S. firms maintained representative offices in Hong Kong. These include small firms, as well as Fortune 500 companies.
◆ U.S. manufacturing interests provide the largest source of investment for Hong
Kong's manufacturing industry. They account for $1.142 billion or over 34 percent of total foreign investment. Sales from U.S. factories topped $3 billion in 1988.
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