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| No.2 April, 2011 |
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Strong Rebound for FDI inflows to Hong Kong |
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 The latest 2010 full year Foreign Direct Investment (FDI) figures for Hong Kong saw a sharp increase of 32 percent year-on-year, registering a record FDI inflow of HK$535.3 billion (US$68.6 billion). Hong Kong's FDI stock valued at the end of 2010 reached HK$8.5 trillion (US$1.08 trillion), also representing a significant increase of 17.5 percent year-on-year.
Director-General of Investment Promotion at Invest Hong Kong, Mr Simon Galpin, said, "It is very encouraging to see such a strong increase in FDI inflows. This is in line with the result of our investment promotion efforts at Invest Hong Kong. FDI brings many economic benefits to Hong Kong, creating jobs, and bringing in new technology and skills that enhance the competitiveness and sustainability of our economy."
Mr Galpin said, "We have had a very good start to the year in 2011. The number of completed projects in the first three months is well on track to meet our annual target. We also have a strong pipeline of live projects from a diversified source of countries. Mainland China remains our leading source of investment together with the US and the UK. We are also tapping into opportunities presented by the growing trade and investment links with the emerging markets of Brazil, Russia, India and the ASEAN economies."
About Invest Hong Kong
Invest Hong Kong is the department of the Hong Kong Special Administrative Region (HKSAR) Government established in July 2000 to take responsibility for Foreign Direct Investment and support overseas and Mainland businesses to set up or expand in Hong Kong. It provides free advice and customised services to help businesses succeed in Hong Kong's vibrant economy. As it celebrates its 10th anniversary, Invest Hong Kong has completed over 2,100 investment projects creating over 26,000 new jobs in the first year of operation or expansion and HK$57 billion (US$7.3 billion) of investment. For more information, please visit www.investhk.gov.hk or contact Cameron Boardman, Head, Australia & New Zealand, InvestHK (Phone: 61-2 9283 3222). |
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