XN000022-1988-06-23 — Page 10

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THURSDAY, JUNE 23, 1988

BUSINESS RECEIPTS AND OTHER INCOME GREW BY 47 PER CENT то $26,766 MILLION, WHILE THIS SECTOR'S VALUE ADDED INCREASED BY

63 PER CENT TO $5,120 MILLION.

IT SHOULD BE NOTED THAT THE FINANCING SECTOR MENTIONED ABOVE EXCLUDES BANKS AND DEPOSIT-TAKING COMPANIES WHICH ARE SEPARATELY COVERED UNDER THE 1986 SURVEY OF BANKS, DEPOSIT-TAKING REPRESENTATIVE OFFICES OF FOREIGN BANKS, THE RESULTS BEEN PUBLISHED IN THE MARCH 1988 ISSUE OF THE HONG KONG MONTHLY DIGEST OF STATISTICS.

IN SUMMARY, THE NUMBER OF BANKS IN OPERATION IN 1986 DECREASED BY 5 PER WITH 1985.

WAGES AND SALARIES PAID AND OTHER AMOUNTED TO $6,120 MILLION (+9 PER CENT) $4,258 MILLION (+7 PER CENT).

COMPANIES AND OF WHICH HAVE

AND DEPOSIT-TAKING COMPANIES CENT TO 466 WHEN COMPARED

EMPLOYEES BENEFITS OFFERED AND OPERATING EXPENSES TO

NET INTEREST RECEIPTS (I.E. INTEREST RECEIVED MINUS INTEREST PAID) ROSE BY 13 PER CENT TO $12,374 MILLION, WHILE RECEIPTS FROM SERVICES RENDERED INCREASED BY 24 PER CENT TO $3,875 MILLION.

IN THE BUSINESS SERVICES SECTOR, THERE WERE 6,043 ESTABLISHMENTS IN OPERATION IN 1986, AN INCREASE OF 16 PER CENT OVER

1985.

THESE ESTABLISHMENTS, INCLUDING LEGAL, ACCOUNTING, AUDITING AND DATA PROCESSING FIRMS; COMPANIES ENGAGED IN BUSINESS MANAGEMENT AND CONSULTANCY, ADVERTISING, DESIGNING, SECRETARIAL AND EMPLOYMENT SERVICES; TECHNICAL SERVICES AND MACHINERY AND EQUIPMENT RENTAL COMPANIES; ENGAGED A TOTAL OF 58,272 PERSONS, AN INCREASE OF 10 PER CENT OVER 1985.

THEY SPENT $3,990 MILLION ON COMPENSATION OF EMPLOYEES (+17 PER CENT) AND $7,203 MILLION ON OPERATING EXPENSES (+36 PER CENT), AND GENERATED $14,585 MILLION OF BUSINESS RECEIPTS AND OTHER INCOME (+30 PER CENT).

THE SECTOR CONTRIBUTED $7,129 MILLION TO THE GROSS DOMESTIC PRODUCT (+25 PER CENT), MEASURED IN TERMS OF VALUE ADDED.

AND LIFE NUMBER OF WHILE THE

IN THE INSURANCE SECTOR, WHICH INCLUDES GENERAL INSURERS, INSURANCE AGENTS AND OTHER RELATED SERVICES, THE ESTABLISHMENTS DECREASED SLIGHTLY BY 2 PER CENT TO 1,053, TOTAL NUMBER OF PERSONS ENGAGED INCREASED BY 11 PER CENT TO 13, 235.

THIS SECTOR GENERATED $11,461 MILLION OF BUSINESS RECEIPTS OTHER INCOME (+34 PER CENT).

AND

/COMPENSATION OF

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