New Investors to Set Up HK Offices

The Dutch bank, F. van Lanschot Bankiers N.V., California Pizza Kitchen (CPK) and Hotels.com are three of Hong Kong’s new business investors.

Hong Kong was chosen as the first Asian representative office of the Dutch private and business bank. With total assets of 10.7 billion euros in 2001, F. van Lanschot Bankiers is the 6th largest Dutch private and business bank and was established in 1737. It is now mainly engaged in private banking for high net-worth individuals.

The HKSAR’s Secretary for Financial Services and the Treasury, Mr Frederick Ma, said at the bank’s opening ceremony: “This reaffirms Hong Kong’s importance as a regional financial services hub.”

An excellent and affordable infrastructure, in particular telecoms, attracted Hotels.com, the world’s largest specialized provider of discount hotel accommodations, to set up its Asia Pacific headquarters in Hong Kong.

The company’s Asia Pacific Managing Director Bill Edward explained that Hong Kong’s free and business-friendly economy, its geographic location and skilled workforce were crucial to its decision to base its regional office in Hong Kong.

The Director-General of Investment Promotion at Invest Hong Kong, Mr Mike Rowse, welcomed CPK’s decision to enter the Hong Kong market, generating inward investment and job opportunities.

Ms Lucy Prananto, President and CEO of Golden Pillars (HK) Ltd., responsible for developing and managing CPK in Hong Kong, said that Hong Kong offered great opportunities with its attractive low tax system, good infrastructure and professional workforce.



 

Top

Copyright 2001 - 2003 Hong Kong Economic and Trade Office (Canada). All rights reserved.
Hong Kong Update Newsletter Designed by Quantuminteractive.net