- 3-
The survey found that 161 of the 433 respondent companies (37 per cent) with external investment were joint ventures with local partners, a form of co-operation which provides a good opportunity for technology transfer.
A total of 170 respondent companies (39 per cent) have staff posted from the country of external investment to Hong Kong to provide guidance or assistance in areas such as company management, operation, and research and development.
Two hundred and fifty-four companies (59 per cent) reported that they received assistance from external investors through licensing arrangements, engineering and technical assistance, or acquisition of machinery and equipment.
Also 115 companies (27 per cent) reported that external investors had been involved in the transfer of advanced technology.
"There is no doubt that external investment obviously plays an important role in upgrading the production capabilities and the quality of products made in Hong Kong," Miss Yue said.
On the overall manufacturing investment environment in Hong Kong, Miss Yue said 59 per cent of the respondent companies considered it to be favourable. About 31 per cent also had plans to expand their production in one or more aspects.
Most companies commented favourably on Hong Kong's banking and financial facilities, infrastructure, regional location, government economic policy as well as the availability of managerial, professional and technical skills.
End/Tuesday, December 20, 1994