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One hundred and seventy-seven companies (42 per cent of the respondents) also reported benefiting from the managerial, professional and technical skills of experts sent to work in Hong Kong by the parent overseas companies. Two hundred and forty-six companies (58 per cent) reported that they received assistance from external investors through engineering and technical assistance, acquisition of machinery and equipment, or licensing arrangements. Two hundred and twenty-three companies (53 per cent) reported that external investors had been involved in the transfer of one or more types of advanced technology.
On the attractiveness of Hong Kong as a manufacturing base, more than 80 per cent of the respondents considered banking and financial facilities and infrastructure were the most attractive factors, Mrs Ip said.
Other favourable factors included availability of managerial skill, regional location and availability of professional/technical skill.
With regard to the outlook of business in the coming few years, the majority of companies surveyed (61 per cent) expected business in 1995 to be satisfactory or good. Twenty-four per cent of the respondents revealed plans for expansion in Hong Kong and another 58 per cent planned to continue the current operations in the territory.
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Manufacturing industries maintain high productivity
Hong Kong's manufacturing industries have maintained a high level of productivity, the Director-General of Industry, Mrs Regina Ip. said today (Wednesday).
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Introducing the report 1995 Hong Kong's Manufacturing Industries published by Industry Department, Mrs Ip said at a press conference that the dollar value of the gross output of Hong Kong's manufacturing industries increased at an average annual rate of six per cent from $170.7 billion in 1983 to $311.8 billion in 1993.