23-29    Position and Flow of Outward Direct Investment
by Major Recipient Country/Territory
				(HKD 100 million)
	Outward Direct Investment at Market Value
Major Recipient
Country/Territory①	Position at end of year			Outflow in year
	1998	1999	2000	1998	1999	2000
British Virgin Islands	7202	13956	15694	574	331	705
The Mainland of China	5477	6206	10116	541	786	3612
Bermuda	921	932	889	23	60	126
Cayman Islands	979	861	711	84	14	-61
New Zealand	368	315	271	46	5	-10
Singapore	156	189	259	-84	40	35
United States	204	225	243	13	11	29
Panama	228	309	235	-40	4	25
United Kingdom	566	260	235	38	-233	46
Japan	79	174	183	-8	6	32
Others	1164	1572	1444	128	477	86
Total	17344	24999	30279	1315	1500	4625
Note:①Country/territory here refers to the immediate destination economy. It does not necessarily reflect the country/territory in which the funds are
ultimately used.