WEDNESDAY, MAY 12, 1982
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THE AVERAGE LIQUIDITY RATIO (AS DEFINED IN $.24A OF THE DEPOS IT-TAKING COMPANIES ORDINANCE) FOR ALL DEPOSIT-TAKING COMPANIES ROSE TO 49.3 PER CENT IN MARCH FROM 48.1 PER CENT IN FEBRUARY. THE RATIO OF THEIR LOANS FOR USE IN HONG KONG TO THEIR DEPOSITS ROSE TO 76.1 PER CENT AT THE END OF MARCH FROM 70.1 PER CENT AT THE END OF FEBRUARY.
NUMBER OF REPORTING INSTITUTIONS
THE NUMBER OF REPORTING BANKS IN MARCH INCREASED BY ONE TO 122. THE NUMBER OF REPORTING DEPOSIT-TAKING COMPANIES INCREASED BY TWO TO 354, COMPRISING FIVE LICENSED DEPOSIT-TAX ING COMPANIES AND 349 REGISTERED DEPOSIT-TAKING COMPANIES.
INVITATION TO HONG KONG INDUSTRIALISTS
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HONG KONG INDUSTRIALISTS SEEKING PRODUCTION OF NEW PRODUCTS AND PRODUCTION PROCESSES, OR WHO ARE INTERESTED IN EMBARKING ON JOINT VENTURES WITH OVERSEAS FIRMS ARE INVITED TO CONTACT THE DEPARTMENT OF INDUSTRY WHICH WILL BE SENDING THREE INDUSTRIAL PROMOTION MISSIONS TO THE UNITED STATES, EUROPE AND AUSTRALIA IN JUNE AND JULY THIS YEAR.
ANNOUNCING THIS TODAY (WEDNESDAY), THE CHIEF EXECUTIVE OF THE PROMOTION CONSULTANCY DIVISION, MR PAUL WONG SAID THAT THE MISSIONS, LED BY THREE PRINCIPAL CONSULTANTS, WERE PART OF THE DEPARTMENT'S EFFORTS TO PROMOTE OVERSEAS INDUSTRIAL INVESTMENTS IN HONG KONG.
THE CONSULTANTS WILL CONTACT SENIOR EXECUTIVES OF INDUSTRIAL FIRMS TO BRIEF THEM ABOUT THE INVESTMENT CLIMATE IN HONG KONG, ASSISTANCE WILL ALSO BE OFFERED TO THEM TO CONDUCT FEASIBILITY STUDIES, AND TO IDENTIFY POTENTIAL JOINT VENTURE PARTNERS AND LICENSEES IN HONG KONG.
THE MISSION TO DENMARK, SWEDEN AND NORWAY FROM JUNE 3 TO 19 WILL BE HEADED BY MAJOR C.G. BERNARD, WHILE THE ONE TO THE EAST COAST OF THE UNITED STATES BETWEEN JUNE 7 AND 25 – WILL BE LED BY MR PAULUS CHAN,
THE THIRD MISSION, UNDERTAKEN BY MR DAVID L.C. CHEUNG, WILL STAY IN AUSTRALIA FROM JUNE 19 TO JULY 11.
FURTHER ENQUIRIES CAN BE DIRECTED TO THE FOLLOWING OFFICERS :- EUROPE MAJOR C.G. BERNARD (TEL. NO. 3-7222419), MR DAVID
T.K. CHAN (TEL. NO. 3-7222460).
USA: MR PAULUS W.K. CHAN (TEL. NO. 3-7222421), MRS MIRANDA Y.P. YEE (TEL. NO. 3-7222433).
AUSTRALIA MR DAVID L.C. CHEUNG (TEL. NO. 3-7222529), MISS K.L. LEE (TEL. NO. 3-7222428).