 |
| No.1 February, 2011 |
|
| |
|
| |
Invest Hong Kong sets 10-year record for number of overseas and Mainland companies setting up or expanding in Hong Kong |
|
| |
|
|
| |
 Invest Hong Kong (InvestHK) reported that the department has assisted 284 overseas and Mainland Chinese companies to set up or expand in Hong Kong in 2010. This was the 10th consecutive year that the Department beat its annual target for the number of completed projects. Together these companies created 3,056 jobs in their first year of operation or expansion.
Director-General of Investment Promotion at InvestHK, Mr Simon Galpin, said on 19 January, "Last year's result was very encouraging. It demonstrated a strong vote of confidence in Hong Kong as a business location. Hong Kong's enduring advantages are key factors in companies deciding to establish a base in the city."
2010 Annual Result Highlights
Of the 284 completed projects, Mainland China continued to be the largest single source of investment into Hong Kong with a total of 52 projects, followed closely by the US with 51 projects, the UK (36), Japan (19) and Australia (16).
The top three industry sectors to invest were "Transport and Industrial", "Tourism and Hospitality", and "Innovation and Technology" respectively.
As the increase in the number of countries opting for inward investment clearly demonstrates, Hong Kong is truly an international city. In 2010, the completed projects originated from 39 different countries, as compared to 33 countries in 2009. The size of the companies investing covered a broad spectrum, ranging from multinationals, such as Deloitte, which has centralised its international tax consulting services to Asia-Pacific clients in Hong Kong, to smaller high-growth companies like the integrated branding agency Start Creative from the UK, which was InvestHK's 2000th project.
Looking Forward
Among the 284 companies investing in Hong Kong in 2010, the number that indicated the Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA) as a reason for their investment considerations increased over 2009. More than 30 percent of companies that InvestHK helped last year indicated that they had invested or accelerated their investment in Hong Kong on the back of CEPA and its liberalisation of education services, innovation and technology, and cultural and creative industries, to name but a few.
|
|
| |
|
|
|
| |
 |
|
|
| |
|
|
|
| |
|
|
|
|
|
