24-34  Position and Flow of Outward Direct Investment by Major Recipient Country/Territory
						(HKD 100 million)
Major Recipient	Outward Direct Investment at Market Value
Country/Territory	Position at End of Year			Outflow in Year
	2003	2004	2005	2003	2004	2005
British Virgin Islands	12703	14021	16093	248	1368	181
The mainland of China	9312	12116	14774	599	1448	1303
Bermuda	884	1297	1261	-28	267	125
United Kingdom	473	553	596	46	49	49
Singapore	300	342	400	21	45	60
Japan	152	421	297	10	284	-92
Panama	242	286	297	-91	-27	16
United States of America	204	226	263	-94	31	9
Cayman Islands	103	71	251	-231	-13	148
Thailand	216	248	230	-7	32	26
Others	1777	1755	2077	-44	78	291
Total	26367	31336	36539	429	3561	2115
Note : Country/territory here refers to the immediate destination economy. It does not necessarily reflect the country/territory in which the
funds are ultimately used.