Kong economy and the bright prospects. impression that will have been left
anarchy!
British Companies
/size
This is the main
not worries about
I am equally confident of the continuing leading role of British and British linked - companies. The figures speak for themselves: /size of Britain's investment portfolio is second to none, at some twenty billion pounds at the last estimate;/visible exports to Hong Kong are growing at a rate of 10% (and considerably above the rate of United Kingdom- inflation) and we are maintaining our position as Europe's leading exporter to the territory. This is my first
important point. The British Government is committed to
working for a strong British Commercial presence in
Hong Kong and the region, up to and beyond 1997.
Reassuring that the exercise to determine which companies could qualify for "British Links' points under the
nationality selection scheme, has revealed that just under one thousand companies in Hong Kong are British or have
close British Links.
Two Way Investment
I am
portiantonly encouraged by
That latter distinction is important because it illustrates what I trust will continue to be a growing trend in the
United Kingdom/Hong Kong relationship, the increasing volume of two way investment. One example the purchase of
-
Felixstowe docks by Hutchison -a real success story not least because, by attracting increasing business to
Felixstowe they were able to rationalise the two companies
who previously operated the docks without a single
redundancy.
I hope, as a result of the very successful Inward Investment
Seminar mounted by the Trade Commission last November, there
JM1ABU/2
SLM
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