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| No.4 August, 2012 |
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Hong Kong attracts record FDI inflows |
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 Hong Kong's Foreign Direct Investment (FDI) continued to surge in 2011, according to the United Nations Conference on Trade and Development's (UNCTAD) World Investment Report 2012, released in Hong Kong on July 6.
According to the Report, FDI flows into Hong Kong exceeded US$83 billion in 2011, an all-time high and up by 17 percent over 2010.
Globally, Hong Kong ranked fourth in terms of FDI inflows, after the US (US$227 billion), the Mainland (US$124 billion) and Belgium (US$89 billion). In Asia, Hong Kong was second only to the Mainland in terms of FDI inflows.
Hong Kong also topped UNCTAD's Global FDI Attraction Index 2011 with "an attractive investment climate and important hinterland". The Index is an annual measure of an economy's success in attracting FDI.
Associate Director-General of Investment Promotion, Ms Victoria Tang, said, "Although there is economic uncertainty in Europe and the US, FDI inflows to Hong Kong have remained stable."
Worldwide, FDI inflows in 2011 reached US$1.5 trillion, an increase of 16.5 percent over 2010. In the face of global uncertainties, UNCTAD is predicting slower growth in 2012, with flows levelling off at about US$1.6 trillion.
UNCTAD revealed that FDI flows into developing countries reached a record US$684 billion in 2011, up 11 percent over a year ago, and accounting for 45 percent of the total global FDI inflow. The surge was led by increases of 10 percent in Asia and 16 percent in Latin America and the Caribbean.
Ms Tang believed that notwithstanding global uncertainties, Hong Kong would continue to be a preferred destination for FDI.
Hong Kong's predictable business environment, rule of law, stable tax regime, free flow of information and capital, and a workforce with international and Mainland perspectives, continue to make it a desirable platform for investors, Ms Tang noted.
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