XN000022-1987-06-30 — Page 7

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TUESDAY, JUNE 30, 1987

4

CALL FOR DIRECT JAPANESE INVESTMENT IN HK

* * *

HONG ALTHOUGH THE MAIN OBJECT OF DIRECT JAPANESE INVESTMENT IN

OF ITS EXPORTS TO THIRD COUNTRY KONG HAS BEEN TO ACHIEVE A SHARE

ITS OUTPUT MARKETS, THERE ARE SIGNS THAT A SIGNIFICANT PROPORTION OF IS AIMED AT DOMESTIC CONSUMPTION

THIS WAS SAID TODAY (TUESDAY) BY THE DIRECTOR OF K.Y. YEUNG, AT A SYMPOSIUM HELD IN TOKYO.

INDUSTRY, MR

IS

ABOUT

1

MR YEUNG

THE TALKING TO JAPANESE BUSINESSMEN

S.MPOSIA OPPORTUNITIES FOR JAPANESE DIRECT INVESTMENT IN HONG KONG AT

AND TOMORROW RESPECTIVELY, IN TOKYO AND YOKOHAMA ON TODAY (TUESDAY)

AND THE YOKOHAMA ORGANISED BY THE JAPAN EXTERNAL TRADE ORGANISATION INDUSTRIAL INSTITUTE.

INVESTMENT WOULD GO FAR MR YEUNG SAID: "THIS TYPE OF DIRECT

BY TOWARDS ACHIEVING THREE AIMS, NAMELY, THE SUBSTITUTION OF EXPORTS

RELIABILITY OF SUPPLY FOR DOMESTIC SALES FOR THE INVESTOR, GREATER

UPGRADING FOR HONG THE HONG KONG BUYER, AND A SIGNIFICANT DEGREE OF KONG'S MANUFACTURING INDUSTRIES.

HALF JAPANESE DIRECT INVESTMENT IN HONG KONG GREW BY TWO AND A

PROJECTS TIMES FROM MARCH 1981 TO MARCH 1985, JAPAN HAS MORE CASES OR OF INVESTMENT IN HONG KONG THAN IN ANY OTHER COUNTRY EXCEPT THE USA.

MR YEUNG ALSO

NOTED THAT THE

SECTOR

PRESENCE OF JAPANES DIRECT MANUFACTURING INVESTMENT IN HONG KONG HAS HELPED THE

DEVELOP OF HIGHER HIGHER QUALITY, DIVERSIFY ITS PRODUCTS AND MOVE INTO AREAS TECHNOLOGY.

RELATING

-

THE BASIC CONSIDERATIONS WHILE HONG KONG VERY WELL SATISFIES

TO THE INVESTMENT CLIMATE

MINIMUM BUREAUCRACY, GOOD LIVING AND

AND

CONDITIONS

ATTRACT - TO WORKING

SAID MR JAPANESE INVESTMENT, THE GOVERNMENT ALSO ACTS ON CRITICISMS, YEUNG.

INFRASTRUCTURE

-

THE AREAS IDENTIFIED BY JAPANESE FIRMS AS BEING MOST IN NEED OF IMPROVEMENT ARE DIFFICULTIES IN

SPECIALISED TECHNICIANS,

AND THE LACK OF IN FINDING APPROPRIATE WELL-DEVELOPED SUPPORT INDUSTRIES.

RECRUITING

BUSINESS PARTNERS

MR

YEUNG

"THE SAID:

INDUSTRY

INTEREST IN ENSURING

SYSTEM PRODUCES TECHNICALLY QUALIFIED

AND OF THE SORT OF QUALITY EXPECTED BY INDUSTRY.'

THAT OUR

DEPARTMENT

AND EDUCATIONAL

PEOPLE IN

TOOK AN ACTIVE MANPOWER TRAINING SUFFICIENT NUMBERS

THE POLYTECHNICS