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The Census and Statistics Department (C&SD) released today (November 29) results of the 2006 Annual Survey of Storage, Communication, Financing, Insurance and Business Services; and the 2006 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 $879.5 billion in 2006, up by 17% over 2005.
Comparing 2006 with 2005, total receipts of the banking industry rose by 22%, mainly attributable to the growth in non-interest income. Total receipts of the insurance and business services increased by 21% and 17% respectively, mainly attributable to the growth in life insurance business and business management and consultancy services. Total receipts of the financing (except banking), storage and communications industries increased by 16%, 13% and 3% respectively.
Owing to the special features of business operations in the insurance and banking industries, gross surplus and value added of these two industries were not compiled.
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 $198.5 billion in 2006, up by 11% over 2005.
Value added of these four industries taken together increased by 36% over 2005 to $162.1 billion. Within this total, value added of the financing (except banking), business services, storage and communications industries increased by 62%, 26%, 17% and 7% respectively.
Principal statistics in respect of the six industries covered by these two surveys are given in the table attached.
The 2006 Annual Survey of Storage, Communication, Financing, Insurance and Business Services was conducted from January to October 2007, while the 2006 Annual Survey of Banks, Deposit-taking Companies, Restricted Licence Banks and Representative Offices of Foreign Banks was conducted from April to October 2007.
More detailed results of these two surveys will be given in the "Report on 2006 Annual Surveys of Storage, Communication, Banking, Financing, Insurance and Business Services". Users can download the survey report (in PDF format) free of charge at the website of the C&SD (www.censtatd.gov.hk/products_and_services/products/publications/index.jsp) as from mid-January 2008. Details on the release of the print version of the survey report will be announced later.
For enquiries about the results of these two surveys, please contact the Business Services Statistics Section of the C&SD at telephone number 2894 8149 or email address business-services@censtatd.gov.hk.
Ends/Thursday, November 29, 2007
Issued at HKT 16:15
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