XN000022-1988-11-18 — Page 3

FRIDAY, NOVEMBER 18, 1988

1987 OVERSEAS INVESTMENT GROWS

OVERSEAS INVESTMENT IN HONG LONG'S MANUFACTURING

GREW BY EIGHT PER CENT LAST YEAR.

INDUSTRIES

THIS IS THE MAIN FINDING OF A REPORT PUBLISHED TODAY CONTAINING THE RESULTS OF A RECENT SURVEY BY THE INDUSTRY DEPAL: '}

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THE REPORT SHOWS THAT TOTAL OVERSEAS INVESTMENT AT THE END OF 1987 HAD RISEN TO $21,122 MILLION RIGHT PER CENT UP ON THE 1986 FIGURE.

THE SURVEY IDENTIFIED 593 MANUFACTURING COMPANIES WITH OVERSEAS INVESTMENT IN 1987 COMPARED WITH 541 IN THE PREVIOUS YEAR.

THE UNITED STATES CONTINUED TO BE THE LEADING SOURCE OF INVESTMENT, CONTRIBUTING 36 PER CENT OF TOTAL OVERSEAS INVESTMENT.

JAPAN, CHINA AND THE UNITED KINGDOM REMAINED IN SECOND, THIRD AND FOURTH PLACES, WITH 27 PER CENT, EIGHT PER CENT AND SEVEN PER CENT OF TOTAL INVESTMENT RESPECTIVELY.

MOST OF THE OVERSEAS INVESTMENT WAS CONCENTRATED IN THE ELECTRONICS, TEXTILES AND CLOTHING, AND ELECTRICAL PRODUCTS INDUSTRIES, WHICH ACCOUNTED FOR 40 PER CENT, 10 PER CENT AND NINE PER CENT OF TOTAL INVESTMENT RESPECTIVELY.

HONG KONG'S SERIES OF SURVEYS

THE 1988 SURVEY OF OVERSEAS INVESTMENT IN MANUFACTURING INDUSTRIES 19 THE LATEST JN A UNDERTAKEN ANNUALLY BY THE INDUSTRY DEPARTMENT ΤΟ ASSESS THE LEVEL AND TYPE OF OVERSEAS INVESTMENT IN MANUFACTURING.

"ONE OF THE MAIN BENEFITS OF THIS OVERSEAS INVESTMENT 19 THAT IT OFTEN LEADS TO SIGNIFICANT TRANSFERS OF TECHNOLOGY AND IDEAS TO THE LOCAL MANUFACTURING SECTOR," THE DIRECTOR OF INDUSTRY, MR k. Y. YEUNG, SAID.

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"THE SURVEY RESULTS ARE ENCOURAGING IN THIS RESPECT HE SAID.

OF THE 593 COMPANIES WITH OVERSEAS INTEREST, NEARLY HALF WERE JOINT VENTURES WITH LOCAL COMPANIES. THIS ARRANGEMENT PROVIDED PARTICULARLY GOOD OPPORTUNITIES FOR TECHNOLOGY TRANSFERS, MR YEUNG

SAID.

"IT IS ALSO ENCOURAGING ばい SPE THAT DEVELOPING NEW PRODUCTS IN DIFFERENT INDUSTRIES.

120 COMPANIES WERE

"MANY OF THE PRODUCTS ARE OF PARTICULAR SIGNIFICANCE TO OUR ELECTRONICS INDUSTRY WHICH MUST CONSTANTLY UPGRADE ITS PRODUCTS PROCESSES TO REMAIN COMPETITIVE.'

AND

/THE SURVEY