TUESDAY, JULY 2,
JULY 2, 14.
GOVERNOR LEAVES EARLY ***
THE GOVERNOR, SIR EDWARD YOUDE, WILL RETURN TO LONDON ON LEAVE ON THURSDAY (JULY 4) EVENING INSTEAD OF ON FRIDAY AS PREVIOUSLY ANNOUNCED.
HE WILL BE STARTING HIS LEAVE ONE DAY EARLIER BECAUSE OF PERSONAL REASONS.
HE WILL BE TRAVELLING ON FLIGHT CX201, ETD 10.50 PM. SIR EDWARD IS EXPECTED TO RETURN IN MID-AUGUST.
HONG KONG
A MIDDLEMAN FOR SINO-JAPANESE TRADE
*****
THE SINO-BRITISH AGREEMENT ON HONG KONG'S FUTURE HAS REINFORCED THE CONFIDENCE OF OVERSEAS INVESTORS AND THE TERRITORY IS NOW MOVING CONFIDENTLY AND STEADFASTLY FORWARD, THE DIRECTOR OF INDUSTRY, MR PAUL WONG, SAID TODAY (TUESDAY).
HE MADE THESE REMARKS WHEN HE ADDRESSED A SYMPOSIUM IN TOKYO ON INDUSTRIAL INVESTMENT IN HONG KONG DURING HIS INDUSTRIAL PROMOTION TOUR TO JAPAN.
AS REGARDS JAPANESE INVESTMENT IN HONG KONG, MR WONG SAID: +DIRECT INVESTMENT IN HONG KONG BY JAPAN WAS ABOUT US$563 MILLION AT THE END OF MARCH 1984. THIS WAS AN INCREASE OF 40.8 PER CENT OVER THE PREVIOUS FISCAL YEAR, AND THE CUMULATIVE TOTAL JAPANESE INVESTMENT IN HONG KONG AMOUNTED TO 3.9 PER CENT OF TOTAL JAPANESE INVESTMENT OVERSEAS.
+THE JAPANESE PRESENCE IN HONG KONG IN THE RETAILING AND FINANCIAL SECTORS IS ALREADY VERY CONSIDERABLE. NAMES LIKE DAIMARU, MITSUKOSHI, MATSUZAKAYA, TOKYU, ISETAN, YAOHAN AND SOGO ARE HOUSEHOLD NAMES TO THE HONG KONG CONSUMERS. OF THE 141 FULLY- LICENSED BANKS IN HONG KONG, 18 ARE JAPANESE.+
REGARDING THE MANUFACTURING SECTOR MR WONG SAID THAT THERE WERE ABOUT 120 FACTORIES EITHER WHOLLY OR PARTLY OWNED BY JAPANESE INTERESTS WITH TOTAL INVESTMENT AMOUNTING TO US$379 MILLION, OR 21 PER CENT OF THE TOTAL OVERSEAS INVESTMENT IN HONG KONG.
/+JAPAN PSK INDUSTRIAL