TNAG-2292-FCO40-3304-Official-visits-from-Hong-Kong-to-China-1991 — Page 49

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

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6

A list of the more important investment projects

PRC-interest companies since 1978 is annexed

undertaken

to this paper.

by

11.

investment

from the

Manufacturing

The

More accurate and detailed information on foreign

in Hong Kong's manufacturing sector is available

Industry Department's Survey on Overseas

Investment in Hong Kong's Manufacturing Sector.

cumulative total of China's investment in this sector,

measured at original cost, was HK$3.2 billion (US$0.4

billion) up to the end of 1989. This accounted for 11% of

the total foreign investment in Hong Kong's manufacturing

Here China ranked third after the United States

sector.

and Japan.

Its investment was concentrated in the

manufacture of transport equipment, chemical products, electronics, and textiles and clothing.

12.

Banking

China's presence in Hong Kong's banking sector

includes 15 China-related licensed banks (the Bank of China

(BOC) and its 12 sister banks, as well as Ka Wah Bank and

Union Bank) and some China-related financial institutions.

The China-related banks and financial institutions constitute the second most important banking group in Hong Kong after the Hongkong Bank Group. At end-1990, the

China-related banks and financial institutions had a total

deposit base of HK$254 billion (US$32.6 billion),

representing about 21% of the total deposits with all

authorized institutions in Hong Kong. Loans and advances extended by them for use in Hong Kong amounted to HK$102

billion (US$13.1 billion), representing about 13% of the

total extended by all authorized institutions in Hong

Kong. A very rough estimate suggests that the total net

equity of these China-related banks

and financial

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