Table 2: International Investment Position by Standard Component
  (position as at end of year)
     
HK$ million
Standard Component 2000 2001
Hong Kong Assets 8,899,295 8,487,770
   Direct investment abroad 3,027,809 2,807,152
      Equity capital and reinvested earnings 2,472,154 2,298,168
         Claims on affiliated enterprises 2,472,154 2,298,168
         Liabilities to affiliated enterprises ... ...
      Other capital 555,654 508,985
         Claims on affiliated enterprises 735,820 740,643
         Liabilities to affiliated enterprises 180,165 231,658
   Portfolio investment 1,394,320 1,639,761
      Equity securities 688,581 741,153
         Banks 548 520
         Other sectors 688,033 740,633
      Debt securities 705,739 898,608
         Bonds and notes 524,023 703,519
            Banks 327,111 462,417
            Other sectors 196,912 241,101
         Money market instruments 181,716 195,090
            Banks 164,918 167,029
            Other sectors 16,799 28,061
   Financial derivatives 131,063 140,492
      Banks 123,152 132,377
      Other sectors 7,911 8,115
   Other investment 3,507,266 3,033,444
      Trade credits 31,434 46,035
      Loans 648,886 450,260
         Banks 599,188 347,874
         Other sectors 49,699 102,386
      Currency and deposits 2,782,776 2,489,281
         Banks 2,455,796 2,116,015
         Other sectors 326,980 373,266
      Other assets 44,169 47,868
         Banks 10,066 9,206
         Other sectors 34,103 38,662
   Reserve assets 838,839 866,922

Hong Kong Liabilities
7,169,749
6,364,641
   Direct investment in Hong Kong 3,550,840 3,349,425
      Equity capital and reinvested earnings 3,134,592 2,826,871
         Claims on direct investors ... ...
         Liabilities to direct investors 3,134,592 2,826,871
      Other capital 416,248 522,553
         Claims on direct investors 104,029 87,348
         Liabilities to direct investors 520,277 609,902
   Portfolio investment 1,194,477 930,361
      Equity securities 1,076,454 804,164
         Banks 63,165 49,721
         Other sectors 1,013,290 754,443
      Debt securities 118,023 126,197
         Bonds and notes 74,948 79,250
            Banks 27,719 26,100
            Other sectors 47,229 53,149
         Money market instruments 43,075 46,947
            Banks 21,168 24,435
            Other sectors 21,907 22,513
   Financial derivatives 97,582 82,444
      Banks 92,904 78,659
      Other sectors 4,678 3,784
   Other investment 2,326,849 2,002,412
      Trade credits 16,539 21,769
      Loans 271,329 266,311
         Banks 152,272 102,544
         Other sectors 119,057 163,767
      Currency and deposits 2,021,862 1,693,373
         Banks 2,019,923 1,693,039
         Other sectors 1,939 334
      Other liabilities 17,119 20,960
         Banks 3,018 4,160
         Other sectors 14,102 16,800

Net International Investment Position(1)
1,729,547
2,123,129
Notes: ... The position value is relatively insignificant (less than HK$10 million).
  (1) Net international investment position is the difference between total external financial assets and total external financial liabilities.