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The Census and Statistics Department (C&SD) released today (December 2) results of the 2004 Annual Survey of Storage, Communication, Financing, Insurance and Business Services; and the 2004 Annual Survey of Banks, Deposit-taking Companies, Restricted Licence Banks and Representative Offices of Foreign Banks.
According to these two surveys, total receipts (including business receipts and other income) of the six industries covered, viz. the storage, communications, financing (except banking), business services, insurance and banking industries, amounted to $652.1 billion in 2004, up by 14% over 2003.
Comparing 2004 with 2003, total receipts of the insurance industry rose by 19%, supported mainly by the continued growth in the life insurance business. Total receipts of the financing (except banking) and storage industries both increased by 17%, attributable to the buoyant local stock market and the growth in import and export trades respectively. The total receipts of the business services, banking and communications industries increased by 14%, 8% and 6% respectively.
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Owing to the special feature of business operations in the insurance and banking industries, gross surplus and value added of the two industries were not compiled.
The gross surplus (i.e. total receipts less operating expenses, compensation of employees and value of purchases of goods for sale) of the other four industries [viz. storage, communications, financing (except banking) and business services] taken together amounted to $155.7 billion in 2004, representing an increase of 18% over 2003.
The value added of these four industries taken together increased by 10% over 2003 to $105.0 billion. Within this total, the value added of the financing (except banking), business services and storage industries increased by 22%, 16% and 9% respectively, while that of the communications industry decreased by 14%.
Principal statistics in respect of the six industries covered by these two surveys are given in the table attached.
The 2004 Annual Survey of Storage, Communication, Financing, Insurance and Business Services was conducted from January to October 2005, while the 2004 Annual Survey of Banks, Deposit-taking Companies, Restricted Licence Banks and Representative Offices of Foreign Banks was conducted from May to October 2005.
Detailed results of the two surveys will be available in the "Report on 2004 Annual Surveys of Storage, Communication, Banking, Financing, Insurance and Business Services" to be published in end January 2006, in both print version and download version (in PDF format). It can be purchased online at the "Statistical Bookstore, Hong Kong" (http://www.statisticalbookstore.gov.hk). Print version can be purchased through mail order by completing and returning an order form which can be downloaded from the website of the C&SD (http://www.censtatd.gov.hk/eng/prod_serv/forms_index.html). Purchase in person can be made at the Publications Unit of the C&SD (Address: 19/F, Wanchai Tower, 12 Harbour Road, Wan Chai; Tel.: 2582 3025).
For enquiries about the survey results, please contact the Business Services Statistics Section of the C&SD at telephone number 2894 8149 or email to business-services@censtatd.gov.hk.
Ends/Friday, December 2, 2005
Issued at HKT 16:17
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