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Hong Kong took 30% of the FDI stock pie in 2010, earning it the third position in the United Nations Conference on Trade & Development’s (UNCTAD) World Investment Report 2011.
According to Hong Kong’s Company Registry, 912,242 company registrations were recorded in June. In spite of its challenges, HK has consistently worked to anchor its reputation as a business-friendly environment for enterprises, local and foreign alike.
On the back of the recently-signed FTA with the EFTA states, Hong Kong is making tangible efforts to invest in its economic future. Canadian businesses are well-positioned to tap Hong Kong’s current and impending prosperity as well as China’s growth.
INSEAD Business School has ranked Hong Kong number 4 in its recently published ‘Global Innovation Index 2011’. Hong Kong is a spot behind Singapore (#3) and surpassed countries commonly perceived to be highly innovative like Finland and Denmark.
On the surface, it appears that Hong Kong is on a downward spiral. However, the influx of HNWIs and investors are pushing the economy forward and the trickle down effects will be felt in years to come.
As a home to many HNWIs, Hong Kong incorporation is proving to be a natural choice for luxury brands catering to these individuals.
Hong Kong’s position as the world’s most competitive economy is a feather in its cap and serves to reinforce its dominance as a leading global business and commercial hub.
Hong Kong has emerged as the world’s most globalized economy according to the recently released results of a survey conducted by Ernst & Young and the Economist Intelligence Unit.
Hong Kong has proved its mettle as the world’s freest economy for the 17th year in a row. The 2011 Index of Economic Freedom released by US-based think tank Heritage Foundation reaffirms Hong Kong’s dominance as a global commercial hub.
Hong Kong’s tourism sector is proving to be a fast growing industry and is opening up a host of business opportunities in allied sectors such as retail trade and hospitality.