96
Electronics
26.0%
(HK$55,067 million)
Textiles
6.5%
(HK$13,693 million)
Watches & Clocks
TRADE AND INDUSTRY
5.6%
(HK$11,987 million)
Chemical 4.1%
Jewellery 2.7%
Clothing 32.7%
(HK$69,447 million)
Others 22.4%
(HK$47,497 million)
(HK$8,691 million)
(HK$5,777 million)
Chart 2: Value of Domestic Exports of the Manufacturing Sector in 1996
External Investment
The Industry Department promotes and facilitates overseas investment in Hong Kong to diversify the local manufacturing and service industries, improve quality of products and services, and enhance productivity through introduction of advanced technology and management skills. It maintains a One-Stop Unit in Hong Kong which works closely with seven overseas Investment Promotion Units in Brussels, London, New York, San Francisco, Sydney, Tokyo and Toronto. Together, they provide advice and assistance to potential overseas investors in developing investment plans in Hong Kong.
According to the Industry Department's 1996 Survey of External Investment in Hong Kong's Manufacturing Industries, there were 430 foreign-owned manufac- turing companies in Hong Kong at the end of 1995, contributing a total inward investment of $48.28 billion at original cost. These companies employed 65 521 persons (i.e. 17 per cent of Hong Kong's total manufacturing employment) and accounted for 36 per cent of Hong Kong's total domestic exports. Charts 3 and 4 give further information on the sectors and source countries of these companies.
Another Industry Department survey found that 2 307 overseas companies had established regional headquarters or regional offices in Hong Kong to co-ordinate their business activities in the region.
To provide additional assurance to overseas investors, Hong Kong has concluded bilateral investment promotion and protection agreements with some of its major