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SUNDAY, JUNE 5, 1977
GUIDE TO INDUSTRIAL INVESTMENT IN HONG KONG
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A NEW GUIDE TO PROMOTE INDUSTRIAL INVESTMENT OPPORTUNITIES IN HONG KONG HAS BEEN SPECIALLY PRODUCED FOR USE BY THE COMMERCE AND INDUSTRY DEPARTMENT,
THE BOOKLET, ENTITLED INDUSTRIAL INVESTMENT HONG KONG+, ALSO SERVES AS A USEFUL SOURCE OF REFERENCE TO ANYONE INTERESTED IN HONG KONG'S INDUSTRIAL DEVELOPMENT. IT CAN BE OBTAINED FOR $10 A COPY FROM THE GOVERNMENT PUBLICATIONS CENTRE IN THE NEW GENERAL POST OFFICE BUILDING.
HANDSOMELY ILLUSTRATED IN FULL COLOUR, THE BOOKLET GIVES COMPREHENSIVE INFORMATION ON WHAT HONG KONG HAS TO OFFER THE INVESTOR, COVERING SUBJECTS SUCH AS FINANCE AND TAXATION, INDUSTRIAL STRUCTURE, COMMUNICATIONS, LAND AND BUILDINGS AND LABOUR.
THE GOVERNMENT, IT IS STATED IN THE BOOKLET, WELCOMES THE ESTABLISHMENT OF NEW AND SOPHISTICATED INDUSTRIES WHICH WILL BROADEN HONG KONG'S INDUSTRIAL BASE.
IT IS EMPHASISED THAT NO DISTINCTION IS DRAWN BETWEEN LOCAL AND OVERSEAS COMPANIES ALL ARE EQUALLY WELCOME.
BY WAY OF EXAMPLE A NUMBER OF INDUSTRIES ARE LISTED WHICH ARE CONSIDERED AS GOOD PROSPECTS FOR THE POTENTIAL INVESTOR. THESE ARE
* LIGHT AND MEDIUM HEAVY ENGINEERING INDUSTRIES PRODUCING SUCH GOODS AS WATCHES AND CLOCKS, SAFETY RAZORS, OFFICE MACHINES, PACKAGING MACHINES, PHOTOGRAPHIC AND OPTICAL GOODS, PŘECISION INSTRUMENTS, LIGHT INDUSTRIAL ENGINES, AUTOMOTIVE COMPONENTS, DOMESTIC APPLIANCES, MACHINE TOOLS, ETC.
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INDUSTRIES PROVIDING HIGH QUALITY SUPPORTING AND SERVICING FACILITIES SUCH AS METAL CASTING, FORGING, ELECTROPLATING, TOOL AND DIE MAKING, PRECISION MACHINING AND HEAT TREATMENT- AND
THE ELECTRONICS INDUSTRY PRODUCING SOPHISTICATED GOODS SUCH AS COMPUTERS, TELEVISION SETS, ELECTRONIC COMPONENTS, ETC.
OVERSEAS COMPANIES ARE WELCOME, THE BOOKLET SAYS, NOT SO MUCH FOR ANY ADDITIONAL CAPITAL THEY MAY BRING WITH THEM BUT BECAUSE THEY MAY INTRODUCE MORE SOPHISTICATED MANAGEMENT, TECHNICAL SKILLS AND NEW IDEAS.
IN JUNE 1976 THERE WERE AT LEAST 290 FACTORIES IN HONG KONG, EITHER FULLY OR PARTLY OWNED BY OVERSEAS INTERESTS. THESE ESTABLISHMENTS EMPLOYED A TOTAL LABOUR FORCE OF ABOUT 62,000 WORKERS, OR 8 PER CENT OF THE TOTAL INDUSTRIAL WORKFORCE. TOTAL DIRECT OVERSEAS INVESTMENT AMOUNTED TO HK$1,770 MILLION WITH THE MAIN SOURCES BEING THE U.S.A., JAPAN, BRITAIN, THAILAND AND AUSTRALIA.
/THE INDUSTRIES