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| No.4 July, 2009 |
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Investment promotion results signify strong vote of confidence |
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 The Chief Executive, Mr Donald Tsang, recently hosted a reception for 300 top executives of foreign, Mainland and Taiwanese enterprises to encourage greater investment in Hong Kong.
Mr Tsang told guests at the June 25 event Hong Kong continued to be a leading centre for investment and because of its distinct advantages and strong business environment. |
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"These include our common law legal system underpinned by an independent judiciary, zero tolerance of corruption, freely convertible currency, low tax regime, free flow of information and liberal immigration policies," Mr Tsang said.
"In the face of the current global challenges we are working hard to return to the path of economic growth.
"We are also taking every opportunity to enhance our overall competitiveness. So far, we have committed over HK$87 billion in economic stimuli to lessen the impact of the economic downturn on Hong Kong.
"In addition we are implementing a number of initiatives to create new business opportunities and sustain economic growth in Hong Kong," Mr Tsang said.
Hong Kong's Director-General of Investment Promotion, Mr Simon Galpin, joined Mr Tsang in welcoming the business executives.
In the first half of 2009, Invest Hong Kong helped 174 foreign, Mainland and Taiwanese enterprises set up or expand their operations in Hong Kong.
The figure means InvestHK is well on track to reach its annual target of assisting 250 investment projects, and represents a 17.6% increase from the same period last year. |
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These efforts will create an estimated 4,172 local jobs over the next two years, including 1,600 jobs already created.
"We are encouraged by the positive results of our investment promotion efforts in the first six months of this year," Mr Galpin said.
"Not only have we achieved a record high in terms of number of investment projects assisted and completed at this point in any year since the establishment of Invest Hong Kong in 2000, the figures also underline the confidence companies around the world have in Hong Kong."
Companies from Europe and the Asia Pacific accounted for 36.8% and 25.9% respectively of the total number of Invest Hong Kong’s completed investment projects in the first six months of 2009.
In recent years, more Mainland enterprises are starting to use Hong Kong as a springboard to go global and Invest Hong Kong has seen an encouraging increase in the number of investment projects from the Mainland.
"Mainland China has become an increasingly important market for our department," Mr Galpin said.
"Our 'On Your Marks, Get-Set, Go!' nationwide marketing campaign in China continues to promote the unique advantages of Hong Kong as a platform for Mainland enterprises to expand internationally.
"Through this campaign, we are also able to introduce all the support and services Invest Hong Kong can provide to them."
Mr Galpin said Invest Hong Kong also recognized the importance on ongoing relationships with enterprises it had helped to start up operations in Hong Kong.
"Our business sector-specific teams will continue to maintain strong working relationships with existing foreign, Mainland and Taiwanese enterprises and provide them with continued support and assistance to help their businesses grow," he said. |
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