FOREIGN investors are on a feeding frenzy in Hong Kong blue chip stocks. The colossal economic growth story of China's emergence as an economic super power of the 21st century has fired the imaginations of overseas investors. They see Hong Kong stocks as the safest way to make some money out of China's expected economic explosion. The best performer, road and power station builder Hopewell Holdings, has caught the imagination of the foreign investor who regards building roads in China as the biggest one-way bet to making money since Henry Ford invented the Model T Ford. Swire Pacific is regarded as a conglomerate with a solid recurring rental income from the shoppers paradise, Pacific Place, and the development of new sources of money at the Taikoo Shing Cityplaza complex. Great Eagle is a laggard, coming in from behind having slipped in the rankings during October. New World Development is seen as the most pioneering property company in the index when it comes to mainland investment. The company has 50 million square metres of land in China, the largest foreign-owned China property portfolio in the world. With a cautious risk-averse management approach to new projects in China, investors are flocking to the stock. Hongkong Land is the largest office building owner in Central and in terms of recurring rental income is seen as one of the safest bets on the future of Hong Kong. Sun Hung Kai Properties has long been admired for its quality land bank and management. With exposure to new development potential in the New Territories and a growing rental income, investors feel secure with the stock. Hang Lung Development is a laggard performer with an extensive land bank and a growing interest in China, especially Shanghai. Hongkong Telecom is regarded as one of the world's leading telecommunications suppliers. It has long been a favourite of the North American fund manager for its high technology, the only supplier in the world with a fully digitalised network, sat next door to what is potentially the world's largest market for phone services. World International is a laggard coming back into fashion following a switch in focus at the group level away from sister company Wharf to the group parent, World, soon to be renamed Wheelock and Company. Miramar Hotel Group is a laggard performer which was recently taken over in a contested takeover battle by Henderson Investment.