TNAG-2634-FCO40-3825-Future-of-Hong-Kong-nationality-British-undertakings-1992 — Page 58

CONFIDENTIAL

(ii)

(iii)

(iv)

a significant volume of its activities in Hong Kong consist of trade in, or the import of, British goods, or the provision of services by British citizens;

it is engaged in a joint venture or joint ventures in Hong Kong with a British undertaking as here defined

not less than 25% of the partnership's equity is owned by British citizens

Footnote

Where a holding company qualifies under one of the six categories, and the committee is satisfied that the holding company has effective control of a group of companies, such companies should also be defined as British Undertakings.

JH2ADT

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