G.F. 326
44
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PART VII: HONG KONG AS AN ACCESS POINT FOR CHINA
56.
(a) Technology Transfer
This is
In respect of serving as an access point for
technology transfer, Hong Kong's contribution is
belived to have been mainly in the field of hotels
and other catering trades and construction.
because tourist facilities account for quite a
substantial proportion of direct investment in China
by Hong Kong residents and Hong Kong is much more
advanced than China in this field. For
capital-intensive projects involving sophisticated
technologies, direct contacts between China and the
advanced developed countries are more usual. But in
respect of managerial and production skills and the acquisition of technology for light manufacturing industries, Hong Kong has clear advantages as a place
from which China can acquire valuable experience and knowledge.
57.
(b) Financial and Related Services
No city in China has a financial, insurance
and other related business services sector as
extensive or as well established as that in Hong
Kong. Banks, insurance companies and other firms in
Hong Kong have world-wide connections. Thus
transactions between China (particularly the SEZS) and a third country can be routed through Hong Kong
which then serves as an access point for China for
such services. Moreover Hong Kong has several
advantages as a place where China can learn what
would be required to develop financial and related
services in cities in China.
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