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MONDAY, JANUARY 18, 1982
THE ELECTRONICS INDUSTRY, ESPECIALLY INDUSTRIAL ELECTRONICS INCLUDING CONTROL DEVICES, COMPUTERS AND COMPONENTS AND, IN CONSUMER ELECTRONICS, TV AND HIGH QUALITY AUDIO EQUIPMENT, AND COMMUNICATION EQUIPMENT.
CHEMICALS AND PHARMACEUTICALS.
OTHER HIGH-TECHNOLOGY INDUSTRIES WHICH BROADEN HONG KONG'S INDUSTRIAL BASE.
MR TSAO STRESSED THAT OPPORTUNITIES EXISTED FOR BRITISH AND HONG KONG COMPANIES TO CO-OPERATE WITHOUT NECESSARILY INVOLVING CAPITAL INVESTMENT.
+MANUFACTURING INDUSTRIES IN HONG KONG ARE CONSTANTLY UPGRADING THEIR PRODUCTION TECHNOLOGY AND BROADENING THE IR PRODUCT LINES. HONG KONG HAS NOW PASSED THE STAGE WHEN MANUFACTURERS CONCENTRATED ON MASS ASSEMBLY OF LOW-COST PRODUCTS.
+ INDUSTRIALISTS HERE ARE PREPARED TO EMBARK ON JOINT-VENTURES WITH OVERSEAS PARTNERS WHO SUPPLY THE TECHNOLOGY. TO PRODUCE UNDER LICENCE, OR EVEN TO PURCHASE OUTRIGHT TECHNOLOGY PACKAGES,+ HE SAID.
MR TSAO ADDED: THE UK HAS A LONG HISTORY OF INDUSTRIAL DEVELOPMENT AND IS ONE OF THE WORLD LEADERS IN PRODUCT INNOVATION. THERE ARE MANY OPPORTUNITIES FOR A PROFITABLE CO-OPERATION OF ADVANCED UK TECHNOLOGY ON THE ONE HAND, AND EFFICIENT AND PRODUCTIVE MANUFACTURING CAPABILITIY OF HONG KONG ON THE OTHER. IT IS ALSO FEASIBLE FOR THE TRANSFER OF TECHNOLOGIES THAT ARE BECOMING INAPPROPRIATE IN THE UK, BUT CAN STILL BE CONSIDERED ADVANCED IN HONG KONG, +
THE HONG KONG GOVERNMENT WELCOMED OVERSEAS INVESTMENT TO FACILITATE THE INTRODUCTION OF MORE SOPHISTICATED MANAGEMENT. NEW PRODUCTS AND NEW PRODUCTION TECHNOLOGY OR SKILLS, AND THE DEPARTMENT OF INDUSTRY IS RESPONSIBLE FOR IMPLEMENTING THIS POLICY.
MR TSAO SAID THAT SINCE 1978 THE DEPARTMENT HAS CARRIED OUT EIGHT PROMOTIONAL VISITS TO THE UK TO CONTACT POTENTIAL INVESTORS. AT THE END OF LAST YEAR, 103 INDUSTRIAL INVESTMENT ENQUIRIES FROM UK WERE ACTIVELY PURSUED. THE ENQUIRERS' INTERESTS COVERED A WIDE FIELD INCLUDING ELECTRICAL EQUIPMENT, ELECTRONICS, METAL FABRICATION, PRECISION INSTRUMENT AND BOATBUILDING.
+AFTER THE US AND JAPAN, THE UNITED KINGDOM IS THE THIRD LARGEST INVESTOR IN HONG KONG'S INDUSTRY. OF 43 FACTORIES WITH A UK INTEREST, 26 ARE WHOLLY-OWNED AND 17 ARE JOINT VENTURES, + MR TSAO TOLD THE EXECUTIVES.
TEMPORARY CLOSURE OF CAPE COLLINSON ROAD
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SECTION OF CAPE COLLINSON ROAD BETWEEN LIN SHING ROAD AND SHEW FIAT ILL BE CLOSED TO TRAFFIC FROM 7 PM ON WEDNESDAY (JANUARY 20, TO AM THE FOLLOWING DAY (THURSDAY) FOR ROAD RESURFACING WORK,
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