TNAG-2460-FCO40-3581-Hong-Kong-annual-report-for-1992-1992 — Page 9

8.

and

On the investment

side, over 60% of outside

investment in China comes from Hong Kong. In Guangdong,

around three million workers are now working for Hong Kong companies either through joint ventures or in tasks put out in the form of outward processing arrangements

compensation trade. This is about five times Hong Kong's own manufacturing

Hong Kong's investment in China became more diversified in terms of location, nature and form

of investment.

9.

workforce.

Concurrently, China is one of Hong Kong's largest

sources of external investment. Chinese investment in Hong

Kong in the year is estimated to be [US$10 billion].

China-interest companies in Hong Kong

have become more

active in investing in Hong Kong's property market and raising funds in Hong Kong's stock market.

WP-IV