XN000022-1990-09-15 — Page 4

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SATURDAY, SEPTEMBER 15, 1990

"IN THE MANUFACTURING SECTOR, CHINA IS THE THIRD MOST IMPORTANT JAPAN, SOURCE OF EXTERNAL

STATES AND INVESTMENT AFTER THE UNITED FOR AROUND FIGHT PER ACCOUNTING

TOTAL EXTERNAL

INVESTMENT.

CENT OF

THE

"GIVEN THAT HONG KONG IS CHINA'S LARGEST EXPORT MARKET AS AS THE

INVESTMENT, LARGEST

INWARD SOURCE OF ITS

FOREIGN RECEIPTS AND REMITTANCE INCOME, HONG KONG IS LEADING SOURCE OF CHINA'S FOREIGN EXCHANGE EARNINGS,

WELL TOURIST

CERTAINLY ALMOST

THE

**WB WOULD

TT

OUR CONTRIBUTION AT AROUND PUT LEVEL, MRS CHAN SAID.

30 THE

PER CENT

SHE REGARDING THE FINANCIAL LINKS BETWEEN HONG KONG AND CHINA,

IMPORTANT BANKING SAID THE BANK OF CHINA GROUP WAS THE SECOND MOST

GROUP WAS THE BEST GROUP

WHILE THE HONGKONG BANK IN HONG KONG

CHARTERED REPRESENTED FOREIGN BANK IN CHINA, FOLLOWED BY THE STANDARD

BANK.

ASIAN FOR CHINA TO

MRS CHAN SAID HONG KONG, BEING THE MAJOR SOUTHEAST CENTRE FOR ARRANGING FINANCE, HAD BECOME A KEY PLACE RAISE FUNDS USUALLY IN THE FORM OF SYNDICATED LOANS.

ITS

HONG

"THESE LOANS ARE MOSTLY CHANNELLED TO CHINA FOR FINANCING

BUT

ARE SOME OF THEM DEVELOPMENT, ECONOMIC

USED BY PRC-INTEREST

IN COMPANIES IN HONG KONG TO FUND THEIR INVESTMENT ACTIVITIES KONG OR ABOARD,' SHE SAID.

ΓΙ

BETWEEN THE

"WITH THE INEXTRICABLE LINKS THAT HAVE DEVELOPED ECONOMIES OF HONG KONG AND CHINA, THE POTENTIAL FOR HONG KONG TO ENJOY FURTHER SIGNIFICANT ECONOMIC GROWTH IS SELF EVIDENT," SHE ADDED.

TRANSPORT COMPLAINTS DROP TWO PER CENT

* * * * *

DURING THE SECOND QUARTER OF 1990, THE TRANSPORT COMPLAINTS UNIT (TCU) OF THE TRANSPORT ADVISORY COMMITTEE RECEIVED A TOTAL OF 2,057 COMPLAINTS, A DROP OF TWO PER CENT COMPARED WITH THE PREVIOUS QUARTER.

A SPOKESMAN FOR THE TCU TODAY (SATURDAY) SAID THE WERE RELATED MAINLY TO PUBLIC TRANSPORT SERVICES, TRAFFIC ROAD MAINTENANCE AND ENFORCEMENT.

AS REGARDS THE ADEQUACY OF FRANCHISED BUS THERE WAS A TOTAL OF 170 COMPLAINTS COVERING KOWLOON AND THE NEW TERRITORIES. COMPARED WITH THE THERE WAS A RISE OF 22 CASES OR 15 PER CENT.

COMPLAINTS CONDITIONS,

SERVICE, HONG KONG PREVIOUS

HE SAID

ISLAND, QUARTER,

/ON THE