5
LIN
MONDAY, NOVEMBER 30, 1987
MORE RESOURCES FOR INWARD INVESTMENT PROMOTION
INWARD INVESTMENT PROMOTION, WITH ITS EMPHASIS ON FACILITATING THE TRANSFER OF USEFUL TECHNOLOGY TO HONG KONG, IS AN ACTIVITY THA'i WILL CONTINUE TO HELP THE MANUFACTURING COMMUNITY то UPGRADE THE EFFICIENCY AND QUALITY OF ITS OUTPUT, THE DIRECTOR OF INDUSTRY, MI K.Y. YEUNG, SAID TODAY (MONDAY).
SPEAKING AT A LUNCHEON MEETING OF THE ASSOCIATION OF CHAIRMEN OF THE TUNG WAH GROUP OF HOSPITALS, MR YEUNG SAID THE INDUSTRY DEPARTMENT INTENDED TO DEVOTE MORE RESOURCES IN 1988 TO ITS INWARD INVESTMENT PROMOTION PROGRAMME, то ATTRACT EVEN MORE OVERSEAS INVESTMENT IN MANUFACTURING INDUSTRIES.
HE SAID THE DEPARTMENT WAS DEVELOPING
AN IMPROVED TARGETTING SYSTEM TO IDENTIFY POTENTIAL INVESTORS OVERSEAS AND WAS PREPARING MORE UP-TO-DATE AND BETTER RESEARCH PROMOTIONAL MATERIAL FOR USE IN DISCUSSIONS WITH POTENTIAL INVESTORS.
"WHILE THE EFFECTIVENESS OF INWARD INVESTMENT PROMOTION ACTIVITY IS SECURED BY HONG KONG'S EXCELLENT PHYSICAL AND ECONOMIC INFRASTRUCTURE, THERE IS INCREASING EVIDENCE THAT OVERSEAS BUSINESSES WHO ARE ATTRACTED BY OUR INFRASTRUCTURE ADDITIONALLY SUPPORT THAT OTHER SERVICES PROVIDE BEFORE THEY WOULD BE COME TO HONG KONG WITH THEIR TECHNOLOGIES," HE SAID.
F
REQUIRE THE PREPARED TO
PROGRAMMI
'THUS THE DEPARTMENT'S INWARD INVESTMENT PROMOTION SERVES ALSO AS A USEFUL GAUGE FOR ASSESSING THE ADEQUACY OR OTHERWISE OF OTHER INDUSTRIAL DEVELOPMENT AND SUPPORT SERVICES.
AND
"INSOFAR AS THE INDUSTRY DEPARTMENT IS CONCERNED, THE BEST MOST OBJECTIVE MEASURE OF THE EFFECTIVENESS OF ITS INWARD INVESTMENT PROMOTION PROGRAMME LIES IN ITS ANNUAL SURVEYS OF OVERSEAS INVESTMEN IN HONG KONG'S MANUFACTURING INDUSTRIES.'
SURVEY,
||
JUST
MR YEUNG SAID THE 1987
PUBLISHED AND COVERING OVERSEAS INVESTMENT UP TO THE END OF 1986, SHOWED AN ENCOURAGING GROWTH IN BOTH THE QUANTITY AND THE QUALITY OF OVERSEAS INVESTMENT IN HONG KONG.
IN TERMS OF QUANTITY, THE TOTAL VALUE OF INVESTMENTS AT THE END OF 1986, AT NEARLY $20,000 MILLION, WAS 26 PER CENT HIGHER THAN AT THE END OF 1985.
"THE NET ACQUISITION OF FIXED ASSETS IN 1986 WAS $1,603 MILLION, UP BY 55 PER CENT ON THE 1985 FIGURE, HE SAID.
"
"IN TERMS OF QUALITY, NEARLY HALF OF THE 541 ESTABLISHMENTS IDENTIFIED IN THE SURVEY WERE JOINT VENTURES WITH LOCAL PARTNERS, A FORM OF CO-OPERATION WHICH PROVIDES A GOOD OPPORTUNITY FOR
TRANSFER."
TECHNOLOGY
/IN ORDER