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Sale of flatted-factories in Shenzhen
13.
According to a spokesman of the Hua Jay Joint Venture Co., Hong Kong manufacturers are showing a keen interest in leasing industrial floor-space in the Special Industrial Zone at Shekou. Hua Jay is a joint venture between China Merchants Steam Navigation Co. and the US-based Jay Ease Construction Co. which plans to invest some HK$80-100 million in building eight blocks of industrial buildings, primarily for light industry. According to the spokesman, leases on the first two blocks (with a total floor-area of 320,000 sq.ft.)
have been sold within two months.
Lake and Hot Springs Country Club Ltd.
The
14. The Lake and Hot Springs Country Club Ltd. in Shenzhen (see paragraph 8 of Monthly Notes: May) is currently advertis- ing a vacancy for the position of Hotel Manager. advertisement included a claim that membership of the Club
now exceeded 1,000.
Guangzhou office of the Banque Nationale de Paris
15.
On 16 October the Banque Nationale de Paris became the first foreign bank to open a representative office in Guangzhou. The bank also maintains an office in Peking. (The Hong Kong. and Shanghai Bank maintains a Liaison Office in Guangzhou only during the twice-yearly Trade Fair).
Development of Xiamen Special Economic Zone (SEZ), Fujian Province
16.
A ten-day tour for a party of journalists from Hong Kong and Macau was recently arranged by the Fujian authorities with the clear aim of promoting foreign investment in the Province, especially its SEZ at Xiamen (Amoy). From the press stories that were subsequently filed, it is clear that Fujian will quicken its search for foreign investment. Provincial Vice- Governor, Hu Ping, said that up to RMB1,400 million
(c. HK$4,900 million) in foreign investment would be sought under the current 5-year plan. The plan envisages a total
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