SUNDAY, AUGUST 9, 1987
OVERSEAS INVESTMENT VITAL TO HK ECONOMY
OVERSEAS INVESTMENT IN HONG KONG BRINGS RESOURCES AND SKILLS TO THE TERRITORY VITAL TO ITS SURVIVAL AS A VIBRANT INDUSTRIAL AND TRADING ENTITY, ACTING ASSISTANT DIRECTOR OF INDUSTRY, MR C.L. CHU, SAID TODAY (SUNDAY).
THAT IS ONE OF THE MAIN BELIEFS BEHIND THE CONSIDERABLE INDUSTRIAL INVESTMENT PROMOTION EFFORT OF THE INDUSTRY DEPARTMENT, ADDED.
HE
MR CHU ALSO SAID THE RECENT INWARD INVESTMENT HAS BEEN ACCOMPANIED BY A SIGNIFICANT NUMBER OF TECHNOLOGIES NEW TO HONG KONG.
"IN OUR CIRCUMSTANCES THE JUSTIFICATION FOR ATTRACTING INWARD AS INVESTMENT IS BASED NOT SO MUCH ON THE NEED FOR CAPITAL AND JOBS, ON THE ROLE THAT INWARD INVESTMENT PLAYS IN ENRICHING HONG KONG'9 INDUSTRIAL BASE WITH NEW OR IMPROVED DESIGNS, PRODUCTS AND PRODUCTION PROCESSES," HE SAID.
INDUSTRIAL PROMOTION
PROGRAMMES OF THE INDUSTRY DEPARTMENT INCLUDE THE NETTING OF CONTACTS THROUGH PARTICIPATION IN SEMINARS, SYMPOSIA AND TECHNOLOGY TRANSFER SHOWS IN OVERSEAS CITIES, FOLLOWED UP BY HIGH-LEVEL MISSIONS TO MEET WITH COMPANIES INVESTING IN HONG KONG.
INTERESTED
IN
*
"WE INITIATE DISCUSSIONS WITH POTENTIAL INVESTORS TO HELP THEM EVALUATE THE VIABILTY OF THEIR PLANNED PROJECTS IN HONG KONG, MR CHU SAID.
THE INDUSTRIAL INVESTMENT PROMOTION MISSIONS OF THE DEPARTMENT CALL ON GOVERNMENT ORGANISATIONS, AS WELL AS INDUSTRIAL AND TRADE A LEADING ORGANISATIONS, TO PUT ACROSS THE MESSAGE THAT HONG KONG IS
AND MANUFACTURING
COMMERCIAL CENTRE, AND ALSO AN OFFSHORE WHICH CAN MANUFACTURING BASE
PROVIDE OPPORTUNITIES то A LOT OVERSEAS VENTURES, ADDED MR CHU.
TOKYO,
OF
IN THE PAST SEVEN MONTHS THE INDUSTRY DEPARTMENT'S INDUSTRIAL PROMOTION PROGRAMMES HAVE COVERED SYDNEY AND BRISBANE IN AUSTRALIA, HANOVER, PARIS, MILAN, BRUSSELS AND LONDON IN EUROPE,
LOS AND YOKOHAMA IN JAPAN, SAN FRANCISCO, YORK AND CHICAGO IN THE USA, AND ALSO CITIES AND KOREA.
ANGELES, SAN
IN
DIEGO,
OSAKA NEW
MALAYSIA,
SINGAPORE
OF
INDUSTRIAL PROMOTION PROGRAMMES IN THE PIPELINE FOR THE FOLLOWING MONTIIS INCLUDE PARTICIPATING IN SEMINARS BY THE DIRECTOR INDUSTRY AND SENIOR OFFICIALS TO BE HELD IN LONDON, BOSTON, MUNICH AND OSAKA. A DEPUTY DIRECTOR OF THE DEPARTMENT WILL ALSO LEAD AN INDUSTRIAL INVESTMENT PROMOTION MISSION TO AUSTRALIA, VISITING CANBERRA, SYDNEY, MELBOURNE, PERTH AND ADELAIDE.
RECENT