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FRIDAY, JUNE 9, 1989

THERE WERE 6.697

IN THE BUSINESS SERVICES SECTOR. ESTABLISHMENTS IN OPERATION IN 1987. AN INCREASE OF 11 PER CENT OVER 1986. THIS SECTOR INCLUDES 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.

THEY ENGAGED A TOTAL OF 65,530 PERSONS, AN INCREASE OF 12 PER CENT OVER 1986. THEY SPENT $5,255 MILLION ON COMPENSATION OF EMPLOYEES (+32 PER CENT) AND $9,263 MILLION ON OPERATING EXPENSES (+29 PER CENT), AND GENERATED $19,026 MILLION OF BUSINESS RECEIPTS AND OTHER INCOME +30 PER CENT).

THE SECTOR CONTRIBUTED $9,470 MILLION TO THE GROSS DOMESTIC PRODUCT (+33 PER CENT), MEASURED IN TERMS OF VALUE ADDED.

IN THE INSURANCE SECTOR. WHICH INCLUDES GENERAL AND LIFE INSURERS. INSURANCE AGENTS AND COMPANIES PROVIDING OTHER INSURANCE- RELATED SERVICES, THE NUMBER OF ESTABLISHMENTS INCREASED BY 35 PER CENT TO 1,426. WHILE THE TOTAL NUMBER OF PERSONS ENGAGED INCREASED BY 18 PER CENT TO 15,580.

THIS SECTOR GENERATED $12,078 MILLION OF BUSINESS RECEIPTS AND OTHER INCOME (+5 PER CENT). COMPENSATION OF EMPLOYEES AMOUNTED TO $1,499 MILLION AND OPERATING EXPENSES TO $1,114 MILLION, REPRESENTING INCREASES OF 38 PER CENT AND 23 PER CENT RESPECTIVELY OVER 1986.

THE ACCOMPANYING TABLE COMPARES SOME SELECTED STATISTICS BY SECTOR BETWEEN 1986 AND 1987.

PRINCIPAL

THE 1987 SURVEY WAS ONE IN A SERIES OF ANNUAL SURVEYS CONDUCTED FOR THE PURPOSE OF ASCERTAINING THE STRUCTURE AND OPERATING CHARACTERISTICS OF THE STORAGE, COMMUNICATIONS, FINANCING, INSURANCE AND BUSINESS SERVICES SECTORS AND OF UPDATING THEIR CONTRIBUTIONS THE GROSS DOMESTIC PRODUCT OF HONG KONG.

ΤΟ

DATA COLLECTED IN THE SURVEY INCLUDED TYPE OF OWNERSHIP, FLOOR AREA, NUMBER OF PERSONS ENGAGED, NUMBER OF EMPLOYEES, COMPENSATION OF EMPLOYEES, OPERATING EXPENSES, BUSINESS RECEIPTS AND OTHER INCOME, AND CAPITAL EXPENDITURE.

SURVEY,

DESCRIPTIONS OF THE BACKGROUND AND METHODOLOGY OF THE TOGETHER WITH TABLES SHOWING THE PRINCIPAL STATISTICS FOR ALL ESTABLISHMENTS CLASSIFIED BY SERVICES GROUP/SECTOR AND ANALYSED BY VARIOUS ECONOMIC VARIABLES, ARE INCLUDED IN THE "1987 SURVEY OF STORAGE, COMMUNICATIONS, FINANCING. INSURANCE AND BUSINESS SERVICES" REPORT.

THIS REPORT WILL BE PUT ON SALE IN EARLY JULY 1988 AT THE GOVERNMENT PUBLICATIONS CENTRE, GPO BUILDING, CONNAUGHT PLACE, CENTRAL; AND THE PUBLICATIONS SALES COUNTER OF THE CENSUS AND STATISTICS DEPARTMENT, 19/F., WANCHAI TOWER 1, 12 HARBOUR ROAD. WAN CHAI.

ENQUIRIES ABOUT THE SURVEY MAY BE DIRECTED TO THE TRANSPORT AND SERVICES STATISTICS SECTION OF THE CENSUS AND STATISTICS DEPARTMENT (TEL. 5-8234926).

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