MONDAY, FEBRUARY 4, 1985
5
HK - A PLACE OF BUSINESS OPPORTUNITIES
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HONG KONG REMAINED AND WOULD CONTINUE TO BE A PLACE OF TREMENDOUS OPPORTUNITIES FOR BUSINESS INITIATIVES BECAUSE OF ITS UNIQUE POSITION IN THE REGION AND ITS PROXIMITY TO CHINA, THE DEPUTY DIRECTOR OF INDUSTRY, MR PAUL WONG SAID TODAY.
SPEAKING AT A CONFERENCE IN SINGAPORE ON BUSINESS OPPORTUNITIES IN HONG KONG+, MR WONG SAID THAT HONG KONG OFFERED A STABLE SOVERNMENT AND CONSISTENT ECONOMIC POLICIES; AND A CENTRAL "EOGRAPHICAL LOCATION IN RELATION TO CHINA AND EAST ASIA.
THIS TOGETHER WITH THE ENDOWMENT OF THE EXCELLENT AVIATION AND PORT FACILITIES PROVIDED IT WITH A UNIQUE ADVANTAGE TO BE AN IMPORTANT TRADING POST, MR WONG SAID.
+
HE POINTED OUT THAT UNTIL THE INITIALLING AND PUBLICATION OF HE DRAFT SINO-BRITISH AGREEMENT ON SEPTEMBER 26, 1984, HONG KONG'S OLITICAL FUTURE HAD BEEN THE SUBJECT OF MUCH SPECULATION.
*THE AGREEMENT HAS NOW REMOVED THESE UNCERTAINTIES AND HAVE NOW A LONG-TERM POLITICAL CLIMATE FAVOURABLE TO THE MAKING OF INVESTMENT DECISION, HE SAID.
+THE AGREEMENT PROVIDES FOR HONG KONG TO CONTINUE TO DECIDE ON ITS OWN ECONOMIC, FINANCIAL AND TRADE POLICIES, AND TO 'ARTICIPATE IN INTERNATIONAL ORGANISATIONS AND TRADE AGREEMENTS WCH AS THE GENERAL AGREEMENT ON TARIFFS AND TRADE.
IN SHORT, THE AGREEMENT PROVIDES ADEQUATELY FOR A CONTINUATION F LIFE IN HONG KONG AS WE KNOW IT, AND OF ALL THOSE FACTORS WHICH HAVE MADE HONG KONG A SUCCESS, + HE ADDED.
MR WONG ENVISAGED THAT HONG KONG WOULD NEED TO CONTINUE TO MOVE TOWARDS HIGHER TECHNOLOGY BASED, SKILL-INTENSIVE AND HIGH VALUE-ADDED INDUSTRIES IN FUTURE AND WOULD REQUIRE THE ASSISTANCE OF OVERSEAS INVESTMENT FOR THIS.
ALTHOUGH OVERSEAS PRESENCE IN HONG KONG INDUSTRY WAS ALREADY SUBSTANTIAL, THERE WAS ROOM FOR A LOT MORE, MR WONG SAID.
TO PROVIDE FOR THE NEEDS OF BOTH OVERSEAS AND LOCAL INVESTORS, THE INDUSTRY DEPARTMENT HAD ESTABLISHED THE ONE-STOP+ UNIT STAFFED BY SPECIALIST OFFICERS WITH AN INDUSTRIAL BACKGROUND.
THE ONE-STOP UNIT ASSISTED INVESTORS BY PROVIDING QUICK AND COMPREHENSIVE INFORMATION ABOUT HONG KONG FOR THEIR FEASIBILITY STULIES; THE INTRODUCTION OF LOCAL INVESTORS TO THOSE FROM
WE SEAS WHO WANT TO ESTABLISH MANUFACTURING OPERATIONS HERE IN CiT VENTURES, SUB-CONTRACTING OR LICENSING ARRANGEMENTS; GLIDING AND FACILITATING INVESTORS DEALINGS WITH OTHER GOVERNMENT DEPARTMENTS AND MAKING INTRODUCTION TO BANKERS, LANDLORDS, BUILDING CONTRACTORS, MATERIAL SUPPLIERS.
/THE ONE-STOP