XN000022-1989-07-16 — Page 6

SUNDAY, JULY 16, 1989

5

FIRST ANNUAL REPORT OF INDUSTRY DEPARTMENT PUBLISHED

THE INWARD INVESTMENT DIVISION OF THE INDUSTRY DEPARTMENT PLANS ΤΟ UPGRADE THE LEVEL OF REPRESENTATION AND ACTIVITIES IN OVERSEAS COUNTRIES, ACCORDING TO THE REPORT OF THE INDUSTRY DEPARTMENT.

EXPAND ITS FIRST ANNUAL

THE REPORT, RELEASED TODAY (SUNDAY), SAID THIS IS ONE OF THE IMPROVEMENT PROJECTS WHICH WILL BE IMPLEMENTED GRADUALLY WITHIN THE NEXT FEW YEARS.

THE OTHER ACTIVITIES INCLUDE THE DEVELOPMENT OF A COMPUTER-BASED TARGETTING MECHANISM AND THE SETTING UP of A RESEARCH AND TARGETTING SECTION TO GIVE SUPPORT TO FRONTLINE PROMOTIONAL STAFF.

THE INWARD INVESTMENT DIVISION IS RESPONSIBLE FOR ENCOURAGING OVERSEAS INVESTMENT IN HONG KONG'S MANUFACTURING INDUSTRIES. THE ATM IS TO ATTRACT NEW OR IMPROVED PRODUCTS, DESIGNS, PROCESSES MANAGEMENT TECHNIQUES INTO HONG KONG.

"THE DIVISION'S INWARD INVESTMENT CARRIED OUT BY A NETWORK OF FIVE OVERSEAS

FRANCISCO, NEW YORK, BRUSSELS, LONDON

"ONE-TOP UNIT' IN HONG KONG.

AND

PROMOTION ACTIVITIES ARE OFFICES, LOCATED IN SAN AND TOKYO, AND BY A

"THESE OFFICES ARE STAFFED BY INDUSTRIAL PROMOTION OFFICERS [IPPO'S), WHO ARE USUALLY QUALIFIED ENGINEERS HAVING EXTENSIVE EXPERIENCE IN INDUSTRY AND PROVEN MARKETING SKILLS.

"THE IPPO'S ARE ASSISTED BY TRADE OFFICERS AND OTHER LOCALLY-ENGAGED PERSONNEL IN OVERSEAS COUNTRIES, THE REPORT SAID.

"

THE ROLE OF THE OVERSEAS OFFICES IS ΤΟ AROUSE A POTENTIAL INVESTOR'S INTEREST IN HONG KONG, WHILE THE AIM OF THE 'ONE-STOP UNIT' IS TO GIVE THE INTERESTED COMPANY AS MUCH ASSISTANCE AS POSSIBLE ΤΟ CARRY THROUGH INVESTMENT PLANS IN WHAT MAY BE A COMPLETELY UNFAMILIAR TERRITORY.

THE 67-PAGE REPORT DESCRIBED IN DETAIL THE WORK OF THE

DEPARTMENT INDUSTRY

AND ITS RELATIONSHIP WITH OTHER INDUSTRIAL

MAIN ORGANISATIONS AND INSTITUTIONS, AND TRACES THE

ACHIEVEMENTS OF THE DEPARTMENT IN THE 1988-89 FINANCIAL YEAR.

THE ACTING DIRECTOR OF INDUSTRY, MR ANDREW K.P. LEUNG, SALD

PUBLICATION WOULD BE A

IN

USEFUL

THE FOREWORD OF THE REPORT THAT THE REFERENCE WORK FOR THOSE WHO DEALT WITH THE DEPARTMENT OR WHO WISHED TO KNOW MORE ABOUT ITS ACTIVITIES.

MR LEUNG SAID AN INCREASINGLY IMPORTANT PART DEPARTMENT'S WORK WAS TO PROMOTE THE WIDER APPLICATION ASSURANCE IN THE MANUFACTURING SECTOR.

OF

THE

OF QUALITY

/HE SAID