Hong Kong Note Printing Limited prints all of the banknotes for Hong Kong's three note-issuing banks. The note printing plant at Tai Po was purchased by the Hong Kong Government from De La Rue in January 1996 and was subsequently renamed "Hong Kong Note Printing Limited". It is majority owned by the Government, with minority shareholdings by the three note-issuing banks and China Banknote Printing and Minting Corporation. The Company prints a total of around 300-330 million banknotes per year.   Stage 1 Specially manufactured banknote paper with security watermarks and security threads is delivered to the Hong Kong Note Printing Plant. The paper is made of 100% cotton