§ Lord Sefton of Garston
asked Her Majesty's Government:
What economic or financial benefit accrued to the United Kingdom from our relationship with Hong Kong in the last three years.
§ Lord Reay
In each of the last three years, Britain's visible exports to Hong Kong were worth
£ Million 1987 1013 1988 1031 1989 1111
Total estimated annual invisible earnings by UK companies in Hong Kong in each of these years exceeded £1,000 million.
The British commercial presence and British investment in Hong Kong are also very extensive. About 1,000 Hong Kong companies have British involvement through direct control, investment or management and produce significant returns for the UK. The gross stock market value of these companies has been estimated at some £20 billion.