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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.
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.
The availability of appropriate talent and cost efficiency contribute to economies of scale. It is precisely these factors that set Hong Kong companies apart from the rest of the pack and help them retain their competitive edge.
A survey by the Political and Economic Risk Consultancy (PERC) reveals that Hong Kong has outdone its Asian peers in offering the best investment regulatory regime in the region.
Hong Kong has emerged as the most investor-friendly country in Asia-Pacific according to the results of a survey conducted by Singapore-based consultancy firm Vriens & Partners Pte Ltd.
Asia’s economic growth is set to grow by 50% in the next five years. We take a look at how UK-based companies and entrepreneurs can participate in Asia’s growth story by setting up a company in Hong Kong.