2
THURSDAY, OCTOBER 8. 1987
THE
WERE VERY ACTIVE IN OUR HE NOTED THAT AMERICAN BUSINESSMEN SERVICES SECTOR, ADDING THAT U.S. BANKS, FOR EXAMPLE, CONSTITUTED SECOND LARGEST GROUP OF FOREIGN BANKS IN HONG KONG.
"DESPITE ITS SMALL SIZE, HONG KONG IS U.S. EXPORTS, SIR
DAVID SAID.
A VALUABLE MARKET FOR
"IN 1986 WE IMPORTED ABOUT U.S.$3 BILLION WORTH OF U.S.
PERSON
LAST
HONG
WHILE IN IT WAS
KONG
MEANT
EVERY
IN THIS
THAT
YEAR, OF U.S. GOODS U.S.$521 WORTH CORRESPONDING FIGURE WAS U.S.$157 AND IN JAPAN
NOTED.
"IT MAY ALSO SURPRISE SOME OF YOU TO KNOW THE SECOND LARGEST ASIAN INVESTOR IN THE U.S
**
41
-
GOODS-.
ABOUT
THE
BOUGHT THE EEC U.S.$189, HE
THAT HONG KONG IS THE GOVERNOR SAID.
UPSURGE OF INVESTMENT PROVES A POINT
* * * *-*
—
TSAO
INFORMATION, MR
THE SECRETARY FOR ADMINISTRATIVE SERVICES AND
A PETER TSAO, REITERATED THAT ALL INDICATIONS IN HONG KONG POINTED TO
HONG KONG WOULD SMOOTH TRANSITION TO 1997 AND EVERY LIKELIHOOD THAT CONTINUE TO FUNCTION AS IT WAS DOING NOW.
CAPITAL "THIS CONFIDENCE IS MIRRORED IN THE MASSIVE UPSURGE OF
OF THE INVESTMENT IN
SIGNING SINCE THE
JOINT THE TERRITORY
KONG BUSINESS DECLARATION, MR TSAO SAID WHEN HE ADDRESSED THE HONG ASSOCIATION OF THE MID-WEST IN CHICAGO ON WEDNESDAY (CHICAGO TIME).
"
THAT
WILL NOT BEAR FRUIT TO NOTING THAT MUCH OF THIS INVESTMENT INVESTORS UNTIL WELL BEYOND 1997, MR TSAO SAID IT WAS NOTEWORTHY A VERY CONSIDERABLE AMOUNT OF IT CAME FROM CHINA.
"IF THIS ALL-ROUND CONFIDENCE PROVES TO BE MISPLACED
FROM AROUND THAT AN AWFUL LOT OF HITHERTO-WISE INVESTORS HAVE GOT IT WRONG," HE SAID.
IT MEANS THE WORLD
HE DREW THE ATTENTION OF HONG KONG BUSINESSMEN
MIGHT REPORTS STATES TO THE FACT THAT SOME MEDIA DISTORTED PICTURE ABOUT HONG KONG.
IN
HAVE
THE UNITED PRESENTED A
/IHONG KONG'S