t
HIKA
400/1
RECEIVED 'N REGISTRY
14 JAN 1987
DEMICL
LUISTRY
CONFIDENTIAL
Taken
GRS 350
CONFIDENTIAL
FM HONG KONG
TO DESKBY 14120OZ FCO
TELNO 162
OF 14111OZ JANUARY 86
of there up an
INFO IMMEDIATE HONG KONG GOVERNMENT OFFICE LONDON
Q DIST ?
25
Sed 26
YOUR TELNO 88: APPOINTMENT OF NEW GOVERNOR : MEDIA ARRANGEMENTS.
1. YOUR PARA 3. WE BELIEVE THAT THE POINT IS GENERALLY KNOWN IN
HONG KONG, AT LEAST AMONG THE BETTER INFORMED.
2.
YOUR PARA 2. FOLLOWING ARE THE DETAILS REQUESTED:
(A) ECONOMY: IN THE FIRST NINE MONTHS OF 1986 DOMESTIC EXPORTS
INCREASED BY 13 PERCENT IN REAL TERMS OVER THE SAME PERIOD OF 1985.
IMPORTS INCREASED BY 18 PERCENT.
(B) CAPITAL INVESTMENT: IMPORTS OF CAPITAL GOODS AND RETAINED IMPORTS OF INDUSTRIAL PLANT AND MACHINERY GREW BY 23 PERCENT IN
REAL TERMS IN THE FIRST NINE MONTHS OF 1986 OVER THE SAME PERIOD
IN 1985.
(C) OVERSEAS INVESTMENT: (1) AT THE END OF 1986, THE TOTAL NUMBER OF OVERSEAS COMPANIES WHICH HAD ESTABLISHED A PLACE OF BUSINESS IN HK WAS 2,238. THE NUMBER OF OVERSEAS COMPANIES WHICH ESTABLISHED A PLACE OF BUSINESS IN HONG KONG IN 1986 WAS 288, AN INCREASE OF
25 PERCENT OVER THE NUMBER IN 1985.
(11) AT THE END OF 1985 (LASTEST AVAILABLE), TOTAL FOREIGN
INVESTMENT IN HK'S MANUFACTURING INDUSTRY AMOUNTED TO HK DOLLARS
11,830 MILLION. US INDUSTRIAL INVESTMENT IN HK AMOUNTS TO HK DOLLARS 6,314 MILLION, OR 53 PERCENT OF FOREIGN INVESTMENT IN MANUFACTURING. AFTER THE US COMES JAPAN WITH HK DOLLARS 2,496.1 MILLION, REPRESENTING ABOUT 21.1 PERCENT. UK IS THIRD, WITH
HK DOLLARS 795.8 MILLION, ABOUT 6.7 PERCENT.
(D) BUDGET: (1) THE BUDGET DEFICIT WAS DOLLARS 3.5 BILLION IN
1982-83, DOLLARS 3 BILLION IN 1983-84 AND DOLLARS 1.5 BILLION IN 1984-85.
CONFIDENTIAL
/(u)
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