XN000022-1988-02-04 — Page 7

THURSDAY, FEBRUARY 4, 1988

OVERSEAS INVESTMENT FACILITATES TECHNOLOGY TRANSFER

+

THE FUTURE OF HONG KONG'S MANUFACTURING SECTOR DEPENDS MUCH ON ITS ABILITY TO ADVANCE TOWARDS PRODUCING HIGHER-END VALUE-ADDED PRODUCTS, AND TO ADOPT NEW PRODUCTION TECHNIQUES PROCESSES, THE DEPUTY DIRECTOR OF INDUSTRY, MR ANDREW LEUNG, TODAY (THURSDAY).

VERY

AND

AND

SAID

KONG

MORE

SPEAKING AT A LUNCHEON MEETING OF THE ROTARY CLUB OF HONG NORTH, MR LEUNG SAID WITH THE OPENING-UP OF CHINA, MORE AND LABOUR-INTENSIVE INDUSTRIES WOULD OPERATE THERE RATHER THAN IN HONG

KONG,

"AS THE OTHER ASIAN NEWLY-INDUSTRIALISED COUNTRIES ARK MOVING VERY FAST IN THE ACQUISITION AND DEVELOPMENT

OF NEW TECHNOLOGIES, HONG KONG'S INDUSTRY CANNOT AFFORD TO STAY PUT, HE ADDED.

11

"THE INDUSTRY DEPARTMENT THUS OPERATES AN INWARD INVESTMENT PROMOTION PROGRAMME TO HELP THE LOCAL MANUFACTURING COMMUNITY TO UPGRADE THE EFFICIENCY AND QUALITY OF THEIR OUTPUT, BY FACILITATING THE TRANSFER OF USEFUL TECHNOLOGY TO HONG KONG."

MR LEUNG EXPLAINED THAT THE DEPARTMENT EMPLOYED A NUMBER OP METHODS TO ATTRACT OVERSEAS COMPANIES ΤΟ SET UP MANUFACTURING OPERATIONS HERE.

"WE PUBLICISE HONG KONG'S ATTRACTIONS AS AN OFFSHORE LOCATION THROUGH ADVERTISING, MEDIA COVERAGE, SEMINARS AND SPEAKING ENGAGEMENTS INVOLVING INDUSTRIALISTS AND SENIOR OFFICIALS.

"WE ALSO ESTABLISH CONTACTS THROUGH DIRECT MAIL CAMPAIGNS, TRADE FAIRS, TRADE AND INDUSTRIAL ORGANISATIONS AND COMPANIES, AND CULTIVATE CONTACTS WHO SHOW INTEREST IN MANUFACTURING IN HONG KONG.

"WE ALSO RECEIVE AND GUIDE APPRAISAL MISSIONS FROM

INVESTORS.'

*

PROSPECTIVE

MR LEUNG POINTED OUT THAT MORE RESOURCES WOULD BE THE PROGRAMME THIS YEAR, INCLUDING AN IMPROVED TARGETTING IDENTIFY POTENTIAL INVESTORS OVERSEAS.

DEVOTED TO SYSTEM TO

"WE ARE PREPARING MORE UP-TO-DATE AND BETTER RESEARCHED MATERIAL FOR USE IN PRESENTATIONS TO AND DISCUSSIONS WITH POTENTIAL INVESTORS, AND ARE CONSIDERING THE POSSIBILITY OF EXPANDING FURTHER OUR NETWORK OF OVERSEAS OFFICES."

門

HE ALSO NOTED THAT ONE OF THE MOST EFFECTIVE MEANS OF UPGRADING THE MANUFACTURING SECTOR

BRING IN OVERSEAS MANUFACTURERS WHO ALREADY POSSESSED

ADVANCED

WAS

TO

THE

KNOWHOW AND

TECHNOLOGIES.

/"OUR PRINCIPAL