TUESDAY, JUNE 1, 1993
9
HK FULL OF OPPORTUNITIES FOR JAPANESE BUSINESSES
* * * * *
A WIDE RANGE OF OPPORTUNITIES EXIST FOR JAPANESE BUSINESSES INTERESTED IN INVESTING IN HONG KONG, THE DIRECTOR-GENERAL INDUSTRY, MISS DENISE YUE, SAID TODAY (TUESDAY).
OF
MISS YUE SAID JAPANESE INVESTORS COULD TAKE ADVANTAGE OF THE DIVISION OF LABOUR BETWEEN CHINA AND HONG KONG IN LOCATING THE LOWER COST MASS PRODUCTION ACTIVITIES IN SOUTHERN CHINA AND THE MORE COMPLEX FRONT-END AND BACK-END SUPPORTING FUNCTIONS WHICH WERE DEPENDENT ON A GOOD INFRASTRUCTURE AND DEVELOPED SERVICES SECTOR IN HONG KONG.
SHE WAS SPEAKING AT AN INVESTMENT PROMOTION SEMINAR IN TOKYO.
"IN THIS CONNECTION, YOU MAY BE INTERESTED TO KNOW THAT THERE ARE MORE THAN 1,300 REGIONAL HEADQUARTERS AND OFFICES BASED IN HONG KONG, OF WHICH ABOUT ONE-FIFTH ARE FROM JAPAN,
++ SHE TOLD PARTICIPANTS AT THE SEMINAR.
WISH
HIGH
AND
ALTERNATIVELY, MISS YUE SAID, JAPANESE BUSINESSES MIGHT TO MAKE THE MOST OF HONG RONG'S EFFICIENT INFRASTRUCTURE, QUALITY HUMAN RESOURCES, EXCELLENT FINANCIAL AND BANKING SERVICES STRONG INTELLECTUAL PROPERTY RIGHTS PROTECTION BY INVESTING IN VALUE-ADDED AND HIGH-TECH INDUSTRIES WHICH WERE SKILL AND CAPITAL INTENSIVE.
"IN ADDITION, BECAUSE OF ITS STRATEGIC ASIA-PACIFIC REGION AND ITS ROLE AS THE GATEWAY TO IS INCREASINGLY BECOMING A POPULAR LOCATION
INDUSTRIAL CO-OPERATION.
HIGH
LOCATION IN THE CHINA, HONG KONG FOR INTERNATIONAL
**FOR EXAMPLE, LAST YEAR WE SAW THE OPENING OF A US$130 MILLION POLYSTYRENE JOINT VENTURE PLANT BETWEEN CHINESE, KOREAN AND ITALIAN INTERESTS IN ONE OF OUR INDUSTRIAL ESTATES, SHE SAID.
**
A JAPANESE FIRM, DAIDO CONCRETE (HONG KONG) LTD, HAD RECENTLY CONCLUDED A DEAL WITH A SINGAPOREAN COMPANY FOR THE JOINT PRODUCTION OF PRE-CAST CONCRETE PANELS FOR BUILDINGS IN HONG KONG, SHE ADDED.
MISS YUE SAID THERE WAS ALREADY A VERY HIGH LEVEL OF JAPANESE INVESTMENT IN HONG KONG,
"IT HAS CONTRIBUTED SIGNIFICANTLY TO, AND IN RETURN FROM, THE ECONOMIC PROGRESS OF HONG KONG.
BENEFITED
"THE MOMENTUM OF HONG KONG'S ECONOMIC PROGRESS EXTENDED INTO THE NEXT CENTURY, AND I AM SURE THAT JAPANESE WILL NOT OVERLOOK THE ABUNDANT OPPORTUNITIES," SHE SAID.
WILL INVESTORS
BE
MISS YUE SAID HONG KONG HAD LONG BEEN A FAVOURABLE LOCATION FOR OVERSEAS INVESTORS.
/SHE SAID
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