GF 323
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(10)
(11)
over a year earlier (paragraph 17). Its exports also
Record results were attained at the
Commodity Fair held in Guangzhou
grew
70th
rapidly.
Export
(paragraph 18).
In the first
Kong remained
three quarters of 1991, China and Hong
each other's largest trading partner.
•
The value of total visible trade between them reached
HK$357 billion (paragraph 22), with Hong Kong
incurring a visible trade deficit of HK$61 billion
(paragraph 27).
In the first three quarters of 1991, the values of
Hong Kong's domestic exports and re-exports to China
increased by 14% and 39% respectively. Apart from
the continued growth in outward processing trade,
relaxation of import control by the Chinese
government also contributed to the growth in Hong
Kong's exports to China (paragraph 23).
(12) The growth in Hong Kong's re-exports of China origin
remained rapid, at 31% in money terms in the first
three quarters of 1991 (paragraph 25). The value of
Hong Kong's retained imports of China origin
increased by 13% (paragraph 26).
(13)
Recent
Cross-border inter-bank activities accelerated in the
third quarter of 1991 (paragraph 28).
fund-raising activities in Hong Kong for financing
investment in China have attracted a wider
participation of banks from different countries
(paragraph 29).
Throughout the first three quarters
of 1991, both customer deposits with and domestic
loans extended by China-related banks in Hong Kong
increased more rapidly than those for all licensed
banks in Hong Kong (paragraph 30).
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