XN000022-1992-12-07 — Page 7

MISS LAM PIK-YEE

MISS LI YIN-FUN

MR MO DICK-KEUNG

DR CHAN BING-FUN

MR RICHARD KO

MR NO WING-KEE

MR LYON LEE

MR AU KWOK-HUNG

MR TAM PO-YU

ME AU YEUNG CHUNG-FAT

MR HO HON-CHEUNG

MR LAU CHI-YUEN

MR YEOH TAI-WAI

L

MONDAY, DECEMBER 7, 1992

HK ATTRACTIVE FOR OVERSEAS INVESTMENT

HONG KONG REMAINS AN

ATTRACTIVE LOCATION FOR OVERSEAS INVESTMENT IN MANUFACTURING, THE DIRECTOR-GENERAL OF INDUSTRY, MR T BARMA, SAID TODAY (MONDAY).

MR BARMA WAS COMMENTING ON THE FINDINGS OF THE LATEST SURVEY CONDUCTED BY THE INDUSTRY DEPARTMENT ON OVERSEAS INVESTMENT IN HONG KONG'S MANUFACTURING INDUSTRIES.

SPEAKING AT A PRESS CONFERENCE TO PRESENT THE SURVEY RESULTS, MR BARMA SAID THE TOTAL VALUE OF OVERSEAS INVESTMENT AT THE END OF 1991 WAS $34.4 BILLION, $3.5 BILLION (OR 11 PER CENT) HIGHER THAN IN THE PREVIOUS YEAR, AND MORE THAN THREE TIMES THE 1984 FIGURE OF $11.4 BILLION WHEN THE FIRST SUCH SURVEY WAS CONDUCTED.

MR BARMA NOTED THAT THE STOCK OF FIXED ASSETS, AT $21.1 BILLION, WAS FIVE PER CENT HIGHER THAN 1990.

"THIS SIGNIFIES THAT THERE HAS BEEN A CONTINUING INCREASE IN NEW INVESTMENT AND REINVESTMENT IN HONG INDUSTRIES DESPITE THE FACT THAT SOME PART OF THEIR OPERATIONS TO LOWER COST CHINA AND SOUTHEAST ASIA," HE SAID.

KONG'S MANUFACTURING OVERSEAS COMPANIES. RELOCATED PRODUCTION CENTRES SUCH AS

/MR BARMA