HC Deb 20 February 1990 vol 167 c700W
Mr. Heseltine

To ask the Chancellor of the Exchequer what calculations he has made of the value of United Kingdom assets in Hong Kong.

Mr. Major

Information is available only for certain categories. The latest information for direct investment is for end-1987 when the book value of United Kingdom direct investment in Hong Kong was £1,924 million. There is no information on United Kingdom portfolio investment by country. Information is available on external assets and claims on Hong Kong by banks and other financial institutions in the United Kingdom. (See table 14 of theBank of England Quarterly Bulletin.) At end-September 1989 United Kingdom liabilities to Hong Kong were £18,781 million whilst United Kingdom claims on Hong Kong were £18,446 million.