THURSDAY, JULY 11. 1991
CUSTOMES ARE REQUESTED TO FIRST CONTACT THE RELEVANT BRANCHES OR OFFICES OF THE BANK BY PHONE TO MAKE ARRANGEMENTS.
TE OFFICE OF THE
GIVEN
COMMISSIONER OF BANKING HAS ALSO GUIDANCE TO THE STAFF OF BOCHK FOR THE PROCESSING OF THE TRADE FINANCE TRANSACTIONS.
IN ORDER TO FACILITATE THE COUNTERPARTY BANKS! HANDLING OF THESE TRANSACTIONS,
LETTER WILL BE ISSUED TO THE HONG KONG ASSOCIATION OF BANKS SETTING OUT THE RELEVANT GUIDANCE.
SUMMARY RESULTS OF 1989 SURVEY OF INDUSTRIAL PRODUCTION
*
THE
THE CENSUS AND STATISTICS DEPARTMENT TODAY (THURSDAY) RELEASED SUMMARY STATISTICS COMPILED FROM THE SURVEY OF INDUSTRIAL PRODUCTION COVERING THE REFERENCE YEAR 1989. FIELD WORK FOR THE SURVEY WAS UNDERTAKEN BETWEEN MAY 1990 AND EARLY 1991.
THE SURVEY RESULTS INDICATED THAT 52,475 MANUFACTURING ESTABLISHMENTS HAD OFERATED FOR THE WHOLE OR PART OF 1989.
THE
OUTPUT OF THE MANUFACTURING INDUSTRY SHOWED A MILD IN 1989. THE VALUE OF GROSS OUTPUT IN 1989 WAS ESTIMATED $325,411 MILLION, REPRESENTING AN INCREASE OF THREE PER CENT IN TERMS WHEN COMPARED WITH 1988.
GROWTH TO BE MONEY
THE EXPENSES OF MANUFACTURING ESTABLISHMENTS TOTALLED $294,381 MILLION IN 1989, CONSISTING OF $209,861 MILLION ON THE PURCHASES OF MATERIALS, SUPPLIES AND INDUSTRIAL WORK/SERVICES; $52,897 MILLION ON COMPENSATION OF EMPLOYEES; AND $31,623 MILLION ON OTHER EXPENSES.
THE TOTAL VALUE ADDED OF THE MANUFACTURING INDUSTRY STOOD AT $89,645 MILLION IN 1989, REPRESENTING AN INCREASE OF 7.8 PER CENT IN MONEY TERMS OVER 1988. VALUE ADDED 1S A MEASURE OF THE NET OUTPUT OF THE INDUSTRY AND REFLECTS THE INDUSTRY'S CONTRIBUTION TO HONG KONG'S GROSS DOMESTIC PRODUCT.
RANKED ACCORDING TO THE VALUE ADDED, THE TOP FIVE BROAD INDUSTRY GROUPS WITHIN THE MANUFACTURING INDUSTRY IN HONG KONG WERE : WEARING APPAREL ($19,194 MILLION OR 21 PER CENT OF THE TOTAL VALUE ADDED OF THE MANUFACTURING INDUSTRY); BASIC METALS, FABRICATED PRODUCTS, MACHINERY AND EQUIPMENT ($16,544 MILLION OR 18 PER TEXTILES ($14,297 MILLION OR 16 PER CENT); ELECTRICAL AND PRODUCTS ($12,694 MILLION OR 14 PER CENT); AND PAPER PRINTING AND PUBLISHING ($7,177 MILLION OR EIGHT PER CENT).
METAL CENT); ELECTRONIC PRODUCTS,
ABOUT
THESE FIVE BROAD INDUSTRY GROUPS TOGETHER ACCOUNTED FOR 78 PER CENT OF THE TOTAL VALUE ADDED OF THE MANUFACTURING INDUSTRY.
/AS REGARDS