XN000022-1987-10-08 — Page 3

2

THURSDAY, OCTOBER 8. 1987

THE

WERE VERY ACTIVE IN OUR HE NOTED THAT AMERICAN BUSINESSMEN SERVICES SECTOR, ADDING THAT U.S. BANKS, FOR EXAMPLE, CONSTITUTED SECOND LARGEST GROUP OF FOREIGN BANKS IN HONG KONG.

"DESPITE ITS SMALL SIZE, HONG KONG IS U.S. EXPORTS, SIR

DAVID SAID.

A VALUABLE MARKET FOR

"IN 1986 WE IMPORTED ABOUT U.S.$3 BILLION WORTH OF U.S.

PERSON

LAST

HONG

WHILE IN IT WAS

KONG

MEANT

EVERY

IN THIS

THAT

YEAR, OF U.S. GOODS U.S.$521 WORTH CORRESPONDING FIGURE WAS U.S.$157 AND IN JAPAN

NOTED.

"IT MAY ALSO SURPRISE SOME OF YOU TO KNOW THE SECOND LARGEST ASIAN INVESTOR IN THE U.S

**

41

-

GOODS-.

ABOUT

THE

BOUGHT THE EEC U.S.$189, HE

THAT HONG KONG IS THE GOVERNOR SAID.

UPSURGE OF INVESTMENT PROVES A POINT

* * * *-*

—

TSAO

INFORMATION, MR

THE SECRETARY FOR ADMINISTRATIVE SERVICES AND

A PETER TSAO, REITERATED THAT ALL INDICATIONS IN HONG KONG POINTED TO

HONG KONG WOULD SMOOTH TRANSITION TO 1997 AND EVERY LIKELIHOOD THAT CONTINUE TO FUNCTION AS IT WAS DOING NOW.

CAPITAL "THIS CONFIDENCE IS MIRRORED IN THE MASSIVE UPSURGE OF

OF THE INVESTMENT IN

SIGNING SINCE THE

JOINT THE TERRITORY

KONG BUSINESS DECLARATION, MR TSAO SAID WHEN HE ADDRESSED THE HONG ASSOCIATION OF THE MID-WEST IN CHICAGO ON WEDNESDAY (CHICAGO TIME).

"

THAT

WILL NOT BEAR FRUIT TO NOTING THAT MUCH OF THIS INVESTMENT INVESTORS UNTIL WELL BEYOND 1997, MR TSAO SAID IT WAS NOTEWORTHY A VERY CONSIDERABLE AMOUNT OF IT CAME FROM CHINA.

"IF THIS ALL-ROUND CONFIDENCE PROVES TO BE MISPLACED

FROM AROUND THAT AN AWFUL LOT OF HITHERTO-WISE INVESTORS HAVE GOT IT WRONG," HE SAID.

IT MEANS THE WORLD

HE DREW THE ATTENTION OF HONG KONG BUSINESSMEN

MIGHT REPORTS STATES TO THE FACT THAT SOME MEDIA DISTORTED PICTURE ABOUT HONG KONG.

IN

HAVE

THE UNITED PRESENTED A

/IHONG KONG'S