THURSDAY, DECEMBER 30, 1993

FROM ASSISTANCE IN RESEARCH AND

IN 178 FACTORIES (38 PER CENT), STAFF HAVE BEEN DEPLOYED THE OVERSEAS PARENT COMPANIES TO PROVIDE GUIDANCE OR AREAS SUCH AS COMPANY MANAGEMENT, OPERATION,

AND

DEVELOPMENT.

TWO

HUNDRED

REPORTED THAT

THEY

AND

EITHER

SEVENTY-TWO

HAD

OVERSEAS

FACTORIES (59

WITH LICENSING ARRANGEMENTS RECEIVED TECHNICAL ASSISTANCE

PER

CENT) THE IN

PARENT COMPANY, OR HAD

ACQUIRING MACHINERY AND EQUIPMENT FROM THEM.

IN HONG

ON THE OVERALL MANUFACTURING INVESTMENT ENVIRONMENT KONG, MISS YUE SAID 54 PER CENT OF THE RESPONDING FACTORIES CONSIDERED IT TO BE FAVOURABLE.

FACTORS THAT MOST FACTORIES

FAVOURABLY INCLUDED COMMENTED

THE FACILITIES, INFRASTRUCTURE, HONG KONG'S BANKING AND FINANCIAL

OF AVAILABILITY

MANAGERIAL SKILL, REGIONAL ECONOMIC POLICY AND THE AVAILABILITY OF PROFESSIONAL SKILL.

LOCATION,

GOVERNMENT AND TECHNICAL

MISS YUE SAID

50 PER OVER

CENT

WERE

FEW

EXPAND

RESPONDENTS OF THE OPTIMISTIC ABOUT THE BUSINESS PROSPECTS IN HONG KONG IN THE NEXT YEARS. ABOUT 30 PER CENT OF THE RESPONDENTS ALSO HAD PLANS TO THEIR PRODUCTION IN ONE OR MORE ASPECTS.

MORE OVERSEAS FIRMS SET UP REGIONAL OPERATIONS IN HK

* * *

OVERSEAS COMPANIES HAVE SET UP 1,468 REGIONAL OPERATIONS IN THE PREVIOUS KONG THIS YEAR, AN INCREASE OF NINE PER CENT OVER YEAR, A RECENT SURVEY BY THE INDUSTRY DEPARTMENT REVEALS.

HONG

A

DIRECTOR- SPEAKING AT A PRESS CONFERENCE TODAY (THURSDAY), THE

IN GENERAL OF INDUSTRY, MISS DENISE YUE, SAID THIS WAS THE FOURTH SERIES

SURVEYS BY

то THE INDUSTRY OF

DEPARTMENT

STUDY REGIONAL REPRESENTATION BY OVERSEAS COMPANIES IN THE TERRITORY.

REPRESENTATION

BY

OVERSEAS AND 844

THE 1993 SURVEY OF REGIONAL COMPANIES IN HONG KONG IDENTIFIED 624 REGIONAL HEADQUARTERS REGIONAL OFFICES AS AT JUNE 1 THIS SPAR.

IN

THE LAST SURVEY CONDUCTED LAST

AND 757 HEADQUARTERS IDENTIFIED IN HONG KONG.

YEAR.

588

OVERSEAS REGIONAL OFFICES OF

REGIONAL COMPANIES WERE

MISS

YUE SAID HONG KONG HAD LONG BEEN AN IMPORTANT CENTRE IN THE ASIA-PACIFIC REGION.

REGIONAL

** ITS CENTRAL LOCATION AND EXCELLENT EXTERNAL COMMUNICATION LINKS HAVE MADE HONG KONG ATTRACTIVE TO OVERSEAS COMPANIES FOR BUSINESS, BUT ALSO AS A CONVENIENT BASE FROM WHICH OTHER OFFICES IN NEIGHBOURING COUNTRIES.

NOT ONLY TO SUPERVISE

IMPORTANCE WITH

RAPID

"THIS ROLE HAS ASSUMED INCREASING BCONOMIC DEVELOPMENT IN THE ASIA-PACIFIC REGION IN RECENT YEARS, SAID.

HI SHE

/THE UNITED

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