MONDAY, AUGUST 27, 1990
1
HK'S POSITION AS REGIONAL CENTRE FOR OVERSEAS COMPANIES
*
++
IMPORTANT
REGIONAL
HONG KONG IS BECOMING AN INCREASINGLY CENTRE FOR OVERSEAS COMPANIES, THE DIRECTOR OF INDUSTRY, MR T.H. BARMA, SAID TODAY (MONDAY).
MR BARMA WAS COMMENTING ON FIGURES RELEASED BY HIS WHICH SHOW THAT, OF THE 3,195 IDENTIFIED OVERSEAS COMPANIES KONG, 572 ARE REGIONAL HEADQUARTERS.
"BETWEEN 1985 AND 1989, AN AVERAGE OF 59 NEW HEADQUARTERS WERE SET UP IN HONG KONG BACH YEAR, HE SAID.
1+
DEPARTMENT
IN
HONG
REGIONAL
REGIONAL
"DESPITE THE IMPACT OF RECENT EVENTS IN CHINA, 22 NEW HEADQUARTERS WERE ESTABLISHED IN THE SECOND HALF OF 1989 AND, IN THE FIRST THREE MONTHS OF 1990, 18 WERE ESTABLISHED."
AS
AS
AS LITTLE INFORMATION WAS AVAILABLE ON HONG KONG'S POSITION A REGIONAL CENTRE FOR OVERSEAS COMPANIES, THE INDUSTRY DEPARTMENT
ΤΟ CARRIED OUT A FACT-FINDING SURVEY EARLIER THIS YEAR
IDENTIFY, FAR AS POSSIBLE, ALL OVERSEAS REGIONAL HEADQUARTERS IN HONG KONG, TO OBTAIN CERTAIN BASIC INFORMATION ABOUT THE COMPANIES CONCERNED,
AND
"THE NUMBER OF OVERSEAS COMPANIES SETTING UP REGIONAL HEADQUARTERS HERE IS EVIDENTLY GREATER THAN THE NUMBER REPATRIATING -
OPERATIONS TO THEIR REGIONAL
HEADQUARTERS OR
то RELOCATING CITIES IN THE REGION," MR BARMA SAID.
OTHER
WHICH EIGHT ARE
"THE SURVEY HAS IDENTIFIED ONLY 29 REGIONAL HEADQUARTERS HAVE BEEN MOVED FROM HONG KONG SINCE 1980 AND, OF THESE, NOW REPORTING DIRECTLY TO THEIR PARENT COMPANIES OVERSEAS.
COMPANIES HAVE INFORMED REGIONAL HEADQUARTERS IN
HE SAID.
OVERSEAS "ON THE OTHER HAND, 43
UP NEW THAT THEY HAVE PLANS TO SET KONG,
US HONG
OF
MR BARMA SAID THE MAIN COUNTRIES WHERE THE PARENT COMPANIES THE REGIONAL HEADQUARTERS WERE INCORPORATED INCLUDED THE USA (252 COMPANIES), THE UK (77 COMPANIES),
COMPANIES), NETHERLANDS (31 COMPANIES), AND FRANCE (29 COMPANIES).
SWITZERLAND
THE
(34
JAPAN (20
COMPANIES)
DID NOT NEED MANY OFFSHORE REGIONAL HEADQUARTERS WITHIN THE ASIAN REGION, HE SAID.
THE MAIN
ECONOMIC SECTORS
TRADING, FOLLOWED BY WHOLESALE FINANCE, AND SHIPPING.
AND
THESE COMPANIES
RETAIL. BANKING, MANUFACTURING,
FALL
UNDER
ARE
MR BARMA SAID THE SURVEY ALSO ASKED A COMPANY TO GEOGRAPHIC AREA FOR WHICH IT HAD INDEPENDENT OPERATION OF OTHER OFFICES IN THE REGION.
INDICATE THE
OVER CONTROL
THE
A TOTAL OF 251 COMPANIES HEADQUARTERS FOR THE ASIAN PACIFIC
ASIA; AND ASIA; 114 FOR SOUTHEAST REPUBLIC OF CHINA, TAIWAN AND HONG KONG.
SAID THAY WERE REGION: 160 COMPANIES
47 COMPANIES FOR THE
THE
FOR
REGIONAL EAST
PEOPLE'S
MR BARMA