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WEDNESDAY, JULY 1, 1992
THEIR EXPENDITURE ON EMPLOYEES' COMPENSATION WAS $7.1 BILLION (+10%), AND THAT ON OPERATING EXPENSES, $22.1 BILLION (+11%).
THIS INDUSTRY, GENERATED $57.0 BILLION ON BUSINESS RECORDED A SMALL INCREASE OF 5% OVER 1989.
RECEIPTS,
THIS WAS MAINLY DUE TO THE LOW TURNOVER IN THE STOCK AND SHARES COMPANIES, ESPECIALLY IN THE LAST QUARTER OF 1990 AFTER THE OUTBREAK OF THE GULF CRISIS.
THIS INDUSTRY'S VALUE ADDED, WHICH DID NOT INCLUDE THAT OF INVESTMENT AND HOLDING COMPANIES DUE TO THE SPECIAL FEATURES OF THEIR BUSINESS OPERATIONS, DECREASED BY 7% OVER 1989 TO $5.0 BILLION IN 1990.
IT SHOULD BE NOTED THAT THE FINANCING INDUSTRY EXCLUDES BANKING INSTITUTIONS AND DEPOSIT-TAKING COMPANIES WHICH WERE SEPARATELY COVERED UNDER THE 1990 SURVEY OF BANKS, DEPOSIT-TAKING COMPANIES, RESTRICTED LICENCE BANKS AND REPRESENTATIVE OFFICES OF FOREIGN BANKS, THE RESULTS OF WHICH WERE PUBLISHED IN THE MARCH 1991 ISSUE OF THE HONG KONG MONTHLY DIGEST OF STATISTICS.
THE 1990 SURVEY WAS ONE IN A SERIES OF ANNUAL SURVEYS CONDUCTED BY THE CENSUS AND STATISTICS DEPARTMENT FOR ASCERTAINING THE STRUCTURE AND OPERATING CHARACTERISTICS OF THE STORAGE, COMMUNICATIONS, FINANCING, INSURANCE AND BUSINESS SERVICES INDUSTRIES AND UPDATING THE INDUSTRY'S CONTRIBUTION TO THE TOTAL GROSS DOMESTIC PRODUCT.
DESCRIPTION OF THE BACKGROUND AND METHODOLOGY OF THE SURVEY, TOGETHER WITH TABLES SHOWING THE PRINCIPAL STATISTICS FOR ALL ESTABLISHMENTS, CLASSIFIED BY INDUSTRY GROUPS AND ANALYSED BY VARIOUS ECONOMIC VARIABLES, ARE INCLUDED IN THE "1990 SURVEY OF STORAGE, COMMUNICATIONS, FINANCING, INSURANCE AND BUSINESS SERVICES" REPORT.
THE REPORT WILL BE ON SALE IN AUGUST AT THE GOVERNMENT PUBLICATIONS SALES CENTRE, GENERAL POST OFFICE BUILDING, CONNAUGHT PLACE, CENTRAL; AND THE PUBLICATIONS OFFICE OF THE CENSUS AND STATISTICS DEPARTMENT, 19TH FLOOR, WANCHAI TOWER 1, 12 HARBOUR ROAD, WAN CHAI, HONG KONG.
ENQUIRIES REGARDING THE SURVEY MAY BE DIRECTED TO THE TRANSPORT AND SERVICES STATISTICS SECTION OF THE CENSUS AND STATISTICS DEPARTMENT ON TEL 802 1244.
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