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| No.1 February, 2013 |
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Invest Hong Kong assists record number of foreign companies to set up or expand in Hong Kong |
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 Invest Hong Kong (InvestHK) assisted a record 316 overseas and mainland companies to set up or expand in Hong Kong in 2012. The figure represents a four per cent year-on-year increase.
The Director-General of Investment Promotion, Mr Simon Galpin, was delighted to see the increase in completed projects but noted that global economic uncertainties remained a concern.
"2012 was another record year for InvestHK in terms of completed projects. The positive results showed Hong Kong continues to attract overseas and Mainland investors because of its enduring advantages and new business opportunities," Mr Galpin said.
"In the year ahead, however, we will remain cognisant of global economic trends and continue to identify the sectors and markets which will reap the best benefits for Hong Kong. Our targets will include both multinationals and start-up businesses, which aspire to set up in our city."
2012 Annual Results: Highlights
The 316 completed projects came from 34 countries. Mainland China was the largest single source of investment into Hong Kong with a total of 62 projects, followed by the US with 54 projects, the UK (29), Japan (27) and Germany (17).
The top three industries in terms the number of completed projects were "Transport and Industrial" (48), "Tourism and Hospitality" (46) and "Innovation and Technology" (43).
There were also an increasing number of companies from the fashion apparel and asset management industries. These reflect the role of Hong Kong as China's international business and financial centre as well as its attractiveness to visitors and high net-worth individuals who are boosting demand for retail and asset management. Meanwhile, almost 85 per cent of the 316 companies rated InvestHK's services as "very useful".
Looking Forward
Mr Galpin said that Hong Kong is a suitable investment location for companies of various sizes.
"Our city is not only popular for multinationals with global functions but is also increasingly a magnet for entrepreneurs who are attracted by the business convenience and opportunities it has to offer," Mr Galpin said.
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 of December 2012, Invest Hong Kong has completed over 2 700 investment projects creating more than 32 000 new jobs in the first year of operation or expansion and over HK$69 billion of investment. For more information, please visit www.investhk.gov.hk. |
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