XN000022-1991-03-12 — Page 4

I

TUESDAY, MARCH 12, 1991

HONG

CONTROLS AND RED THE GOVERNOR SAID THE ABSENCE OF EXCHANGE TAPE; FIRST RATE COMMUNICATIONS; PLUS LOCATION; COMBINED TO GIVE KONG A SIGNIFICANT EDGE OVER COMPETITORS IN THE REGION.

IN ASIA.

"INCREASINGLY, I BELIEVE, HONG KONG IS SEEN AS THE PLACE TO

BE

"SOME 600 FOREIGN FIRMS HAVE SET UP THEIR REGIONAL HEADQUARTERS YEARS AGO. IN HONG KONG. THAT IS MORE THAN DOUBLE THE NUMBER FIVE

HE SAID. MORE THAN A THIRD OF THEM COME FROM EUROPE,

+

WAS REALLY THE DAVID SAID, CENT OF HONG

THE ESTABLISHMENT OF REGIONAL HEADQUARTERS SYMBOL OF THE ARRIVAL OF POST-INDUSTRIAL HONG KONG, SIR ADDING THAT SERVICES NOW ACCOUNTED FOR AROUND 70 PER KONG'S ECONOMY.

"HONG KONG IS NO LONGER JUST ANOTHER PLACE TO INVEST SHORE ASSEMBLY.

IN OFF-

CHINA EFFICIENT

"IT IS NOW BOTH AN ENTREPOT, PARTICULARLY FOR TRADE WITH (BUT NOT ONLY CHINA); AND ALSO A HIGH-TECH MANUFACTURER; AN FINANCIAL CENTRE; AND A SOPHISTICATED COMMUNICATIONS HUB.

"IT HAS BECOME A PLACE NOT SIMPLY TO DO WHICH TO MANAGE BUSINESS, THE GOVERNOR SAID.

**

BUSINESS, BUT FROM

GOVERNOR SEEKS SUPPORT FROM OVERSEAS RESIDENTS

CALLED ON THE GOVERNOR, SIR DAVID WILSON, LAST (MONDAY) NIGHT

KONG, WHO NOW LIVE IN THE PROFESSIONALS AND EXECUTIVES FROM HONG

THE TERRITORY'S CONTINUED

UNITED KINGDOM, SUCCESS.

ΤΟ HELP

ΤΟ CONTRIBUTE

EXECUTIVES CLUB SPEAKING TO SOME 120 MEMBERS OF THE HONG KONG

FROM HONG KONG IN LONDON, SIR DAVID SAID THE TERRITORY NEEDS PEOPLE WHO TAKE KEEN INTERESTS IN ITS AFFAIRS TO ACT AS ITS AMBASSADORS.

HE SAID: "THOSE WHO ARE PLANNING TO RETURN TO WORK IN HONG KONG SHOULD NOT DELAY AS GOOD OPPORTUNITIES ABOUNDED THERE.

WHO ARE STAYING IN THE

KINGDOM SHOULD "BUT THOSE

UNITED CONTINUE TO SHOW SUPPORT AND TAKE AN INTEREST IN HONG KONG EVENTS.

BY LOW

קו

THE TERRITORY, THE WHICH AT WAS KINGDOM

ITS OWN

STANDARD,

WHILE NOT DISCOUNTING THE PROBLEMS FACING GOVERNOR EMPHASISED SUCH POSITIVE ASPECTS AS THE ECONOMY, TWO PER CENT GROWTH RATE, REMARKABLY SUCCESSFUL COMPARED TO THE RECESSION IN THE UNITED AND THE UNITED STATES.

ALTHOUGH

/"THERE IS