Hong Kong are from this sector, one of most sensitive items in Hong Kong's international trade relations. Electronics, watches and toys
also major Hong Kong exports. Re-exports account for one third of total exports.
Investment
4. Hong Kong has excellent communications. One of largest financial
centres in world. Ideal base from which to tackle other markets in
region, including China. Although keen to attract foreign investment
into Hong Kong, Hong Kong Government has policy of non-interference,
offers no specific incentives. Most recent estimates (1982) show that
UK has 5.9% share (HK$ 44.8 million) of total known overseas
industrial investment compared with 77% held by USA and Japan
combined. However, UK banks and other service industries are strongly
represented.
Projects
5 (a) New International Airport
Hong Kong Government commissioned US consultant firm (Parsons) to
study proposals to replace existing congested airport site at Kai Tak
with new international airport at Chek Lap Kok on Lantau Island.
Recently published report concluded that very high cost of airport
development together with associated infrastructure could not be
justified in immediate future and that Kai Tak should be improved to
meet increased demand.
(b) Lantau Island to Mainland Link
Possibly
This major bridge project under consideration for some time. worth £300m with UK content of approximately £100 million. But as major project involving long-term financing, prospects for an early decision to proceed do not seem good in current climate, particularly
in view of cancellation of airport.
7
No comments yet.
Private notes are available after approval.