THE VIRGINIAN-PILOT 
              Copyright (c) 1994, Landmark Communications, Inc.

DATE: Wednesday, October 19, 1994            TAG: 9410190472
SECTION: BUSINESS                 PAGE: D2   EDITION: FINAL 
SOURCE: Associated Press 
                                             LENGTH: Short :   20 lines

FIRST UNION INTO HONG KONG

Following up on its expansion into South Africa, First Union Corp. joined forces with a Hong Kong bank Tuesday in a venture designed to increase trade between companies in the United States and Asia. The joint venture between Charlotte-based First Union and The Hongkong Chinese Bank Ltd. should generate $1 billion in annual trade transactions by the end of the decade, said Andrew Oleksiw, who manages First Union's international division. (Associated Press) by CNB