TNAG-2293-FCO40-3305-Official-visits-from-Hong-Kong-to-China-1991 — Page 207

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Annex F

(translation)

Absorption of Capital Investment

by Mainland China from Hong Kong and Macao

From 1979 to the first half of this year, we have

altogether approved the setting up of 34,077 foreign-funded

enterprises, with the contracted value of foreign capital

amounting to US$49.9 billion.

Amongst these approved

undertakings, 25,534 investment projects are funded by Hong

Kong and Macao, with the contracted value of foreign

capital amounting to US$27.384 billion.

A total of 4,072 Hong Kong funded projects were

contracted value of foreign

approved in 1989, with the

capital amounting to US$3.16 billion; 4,751 projects were

approved in 1990, with contracted value of foreign capital

of US$3.83 billion; 3,290 projects were approved between

January and June 1991, with the contracted value of foreign

capital amounting to US$2.52 billion. From 1989 to the end

of June 1991, a total of 12,113 Hong Kong investment

projects were approved, with the contracted value of

foreign capital amounting to US$9.51 billion.

The following are

the characteristics of

investment from Hong Kong and Macao:

1. It ranks first in terms of the amount of foreign

investment

absorbed by us.

According to the statistics for

the period 1979 to the end of June this year, projects