5
MONDAY, OCTOBER 2, 1989
"AFTER THE STATES COME THE JAPANESE: NEW ARRIVALS SINCE JUNE INCLUDE SUCH NAMES AS NEC. DAI NIPPON PRINTING AND KIRIN BREWERY.
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'WE VALUE THIS OVERSEAS INVESTMENT IN HONG KONG. NOT JUST FOR THE CAPITAL, BUT FOR THE NEW PRODUCTS, TECHNIQUES AND TECHNOLOGY WHICH COME WITH IT, HE STRESSED.
"TODAY THE OPPORTUNITIES FOR INVESTMENT IN HONG KONG, AND THERE ARE PLENTY, ARE IN THE SERVICES SECTOR. THE CONSTRUCTION INDUSTRY, AND IN MANUFACTURING INDUSTRIES THAT REQUIRE HIGHER SKILLS AND GREATER PRODUCTIVITY," HE SAID.
HE POINTED OUT THAT CHINA'S
REOPENING ΤΟ THE WEST HAD
ATTRACTED THE INTEREST OF THE WORLD.
"AND THE WORLD HAS ARRIVED IN HONG KONG, ON CHINA'S DOORSTEP, TO SET UP SHOP AND EXPLORE THE ENORMOUS WEALTH OF OPPORTUNITIES FOR TRADE, INVESTMENT AND INTERNATIONAL CO-OPERATION WHICH MODERNISATION PRESENTS. HE ADDED.
"
SIR PIERS POINTED OUT THAT HONG KONG HAD BECOME A KEY ELEMENT IN THE WORLD ECONOMY. "IF HONG KONG SUFFERS, THE EFFECTS ARE FELT IN LONDON, NEW YORK, PARIS AND TOKYO,
"IF IT WERE TO COME TO A COMPLETE STOP THE WORLD WOULD LOSE A MAJOR ECONOMIC ARTERY, THE WORLD'S ELEVENTH LARGEST TRADING ECONOMY AND AN INTEGRAL PART OF THE GLOBAL FINANCIAL, TRADING AND INVESTMENT SYSTEM.
"IN SHORT, THE WORLD HAS A STAKE IN THE CONTINUED VIABILITY AND PROSPERITY OF HONG KONG. IN THIS AGE OF ECONOMIC INTERDEPENDENCE IT COULD NOT BE OTHERWISE." HE SAID.
MONETARY STATISTICS FOR AUGUST PUBLISHED
HONG KONG DOLLAR DEPOSITS WITH DECLINED
AUGUST IN
COMPARED WITH JULY. DEPOSITS REGISTERED AN INCREASE DURING STATISTICS PUBLISHED TODAY (MONDAY) BY THE
REFLECTING THE DECLINE IN HONG
KONG DOLLAR BROADEST DEFINITION OF HONG AUGUST.
FOREIGN
AUTHORISED INSTITUTIONS WHILE
CURRENCY
TO
THE MONTH, ACCORDING MONETARY AFFAIRS BRANCH.
KONG
MONEY
DOLLAR DEPOSITS,
SUPPLY FELL DURING
THE
E
OF
CATEGORIES LOANS FOR USE IN
INSTITUTIONS BY AUTHORISED TOTAL LOANS AND ADVANCES EXTENDED INCREASED IN AUGUST COMPARED WITH JULY. MOST MAJOR LOANS, INCLUDING LOANS FOR TRADE FINANCING, OTHER HONG KONG AND OFFSHORE LOANS RECORDED INCREASES DURING AUGUST,
THE ACCOMPANYING