The British Stake in Hong Kong: Direct Investment

Simon Broadbent and Chao-Dong Huang ()
Authors registered in the RePEc Author Service: Martin Robert Weale ()

No 136, National Institute of Economic and Social Research (NIESR) Discussion Papers from National Institute of Economic and Social Research

Abstract: Hong Kong is one of the main locations of British direct investment abroad, but discrepancies exist in official data on the scale of it. Hong Kong figures put the (end‐1995) book value of the British stake in Hong Kong at about £10.6bn, nearly three times the British figure. The authors examine the reasons, largely definitional, for the gap, and conclude that £10.1bn, some 5.1 per cent of British FDI, is a reasonable estimate. Total earnings of £2.5bn a year are only exceeded by the US. The value of end 1995 British investment was about £34bn rising to a recent peak of £55bn before falling to £26bn and then once again rising. Hong Kong's FDI in Britain only amounts to about £3bn, a third of which is property based.

Date: 1998-02
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Persistent link: https://EconPapers.repec.org/RePEc:nsr:niesrd:136

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