In the case of In re Axona International Credit & Commerce Limited, the Hong Kong liquidators of Axona (a Hong Kong company with assets in the United States) were finally able to pay the first interim dividend to Axona’s creditors in July 1992. This payment was made more than nine years after...

This paper examines the locational choices of Hong Kong and U.S. direct investments (DI) in China using a regional data set from 1990 to 1999. The results of the panel regressions show that there are various similarities and differences in the significance and the magnitudes of the determinants...