A RESPECTED Hong Kong-based China-watching journal is set to move to Taiwan in the run-up to 1997. China News Analysis, an English-language twice-monthly founded in 1953 by the late Jesuit Father Laszlo Ladany, is to become part of a social and cultural research centre at Taiwan's Fu Jen Catholic University this summer. Two editors, French-born Father Yves Nalet and Father Michel Masson, will also move, with part of the journal's valuable archives on mainland publications, to become part of the Socio-cultural Research Centre at the College of Law at Fu Jen. It is understood that the plan to move, under discussion for a few years, started to take shape last summer, and a date was finally decided recently. Local China watchers say Hong Kong has always been considered the best place to do research on China given its proximity to the mainland, its free flow of information and the highly advanced telecommunication technologies. But the prospect of 1997 might alter the picture, they say. In a recent interview with the Union of Catholic Asian News, Father Nalet said that Hong Kong's reverting to Chinese rule influenced the move. But the superior infrastructure at Fu Jen, Father Nalet said then, was the main reason behind the transfer, improving technical tools to file information and do research on China. ''We will lose the internationality of Hong Kong, but otherwise we will get more news than before,'' he said. Fu Jen, also founded by the Jesuits, is a major Catholic university in Chinese communities. And its socio-cultural research centre, in operation since September last year, focuses on social development in mainland China, Hong Kong, Macau, and Taiwan, looking at their relationship to economics, culture and politics. The twice-monthly is sold by subscription to academic institutions, Sinologists, diplomats, government officials, businessmen and journalists interested in China. Limited though its circulation, some 800 copies, it is however well-received and highly appreciated by its readers.