XN000022-1987-11-13 — Page 5

FRIDAY, NOVEMBER 13, 1987

CENT)

(24 PER INCLUDING INTEGRATED COLOUR COIL NAILS,

THE SURVEY FOUND THAT EIGHTY-FIVE ESTABLISHMENTS (16 PRR REPORTED PLANS TO INTRODUCE NEW PRODUCTION PROCESSES AND 132 CENT) WERE DEVELOPING NEW PRODUCTS IN DIFFERENT INDUSTRIES,

COMPONENTS, SURFACE-MOUNTED

DIALLING MINI-SWITCHES, CIRCUITS FOR TELEPHONES, QUASI-DIGITAL INTEGRATED CIRCUITS FOR TELEVISIONS, THREE-DIMENSIONAL CAMERAS, WATCH MOVEMENTS, AND TEXTILE FINISHING MATERIALS.

INTEREST ALSO ENGAGING AS PRODUCT DESIGN, TESTING AND CALIBRATION

MOST ESTABLISHMENTS WITH AN OVERSEAS INVESTMENT SHOWED A STRONG INTEREST IN PRODUCT AND PROCESS IMPROVEMENT, IN ONE OR MORE FORMS OF SUPPORTING ACTIVITY SUCH RESEARCH AND DEVELOPMENT, QUALITY CONTROL, AND EMPLOYEE TRAINING.

"THESE

SERVE INVESTMENTS

TO NOT ONLY MANUFACTURING CAPABILITIES BUT ALSO TO STIMULATE TO UPGRADE THEIR OWN OPERATIONS," MR YEUNG SAID.

HONG ENRICH LOCAL MANUFACTURERS

KONG'S

IN

SUPPORT BEING

COMPUTERS OR COMPUTER-CONTROLLED MACHINES WERE IN OPERATION 330 ESTABLISHMENTS (61 PER CENT), OFTEN WITH TECHNICAL PROVIDED BY THE OVERSEAS INVESTOR.

HONG KONG'S FREE BANKING

MOST ESTABLISHMENTS COMMENTED FAVOURABLY ON PORT STATUS AND LOW TAX RATE, INTERNATIONAL COMMUNICATIONS,

TO WORLD MARKETS, AS FACTORS AND FINANCIAL FACILITIES, AND ACCESS

ENVIRONMENT. INTERESTINGLY, HONG MAKING FOR A FAVOURABLE INVESTMENT

PRAISED, THOUGH NOT ΤΟ THE KONG'S SUPPORTING INDUSTRIES WERE ALSO SAME EXTENT.

WHICH AREAS

ATTRACTED

AND MANPOWER. A

MAJORITY

WERE

LAND CONSIDERED

AND

NUMBER FELT THAT

UNFAVOURABLE COMMENT BUILDINGS

OF ESTABLISHMENTS INDUSTRIAL LAND TO BE HIGHLY-PRICED, AND A SMALLER IT WAS DIFFICULT TO ACQUIRE. THE PRICE AND AVAILABILITY OF SPACE ATTRACTED SIMILAR CRITICISMS.

FACTOR

COMMERCIAL

AS A MORE

ALTHOUGH A LARGE BODY OF OPINION WAS NEUTRAL ON MANPOWER

AFFECTING

ENVIRONMENT, HONG KONG'S INVESTMENT

THAN A FAVOURABLE THE SUPPLY OF OPERATIVES, COSTS GENERALLY OF LABOUR,

ESTABLISHMENTS FELT IT WAS AN UNFAVOURABLE FACTOR

CONCERNED

THE CHIEF CRITICISMS ONE. CRAFTSMEN AND TECHNICAL STAFF, THE HIGH AND THE HIGH TURNOVER OF ALL TYPES OF STAFF.

KONG HONG

FELT THAT THE TWO HUNDRED AND

NEVERTHELESS, 504 ESTABLISHMENTS (93 PER CENT)

WAS FAVOURABLE. INVESTMENT CLIMATE IN

PRODUCTION FIFTEEN ESTABLISHMENTS (40 PER CENT) PLANNED TO EXPAND THE

AND 92 ESTABLISHMENTS (17 PER BRANCH FACTORIES OR MOVE INTO

CAPACITY OF THEIR EXISTING PRODUCTS (ENT) INTENDED TO SET UP ADDITIONAL LARGER PREMISES IN HONG KONG.

O

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