TNAG-2826-FCO40-4079-Investment-Protection-and-Promotion-Agreements-(IPPA)-betwee-1993 — Page 12

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

A change in the form in which assets are invested does

not affect their character as investments and the term

'investment' includes all investments, whether made

before or after the date of entry into force of this

Agreement;

(£)

"investors" means:

(i) in respect of either Contracting Party :

physical persons who have the right of abode

in the area of that Contracting Party, and

companies incorporated or constituted under

the law in force in any part of the area of

that Contracting Party; and

(ii) in respect of [

1 :

physical persons who are its nationals.

(g) 'returns' means the amounts yielded by an

investment and in particular, though not

exclusively, includes profit, interest, capital .

gains, dividends, royalties and fees.

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