Strong Investor Support for Hong Kong

The guest list for a reception for new international investors last July demonstrated the strength of foreign interest in Hong Kong. More than 200 guests were in attendance, representing some 150 companies that had set up operations or increased their overall investment in Hong Kong from September, 2005, to June, 2006, along with Consuls-General, heads of international chambers of commerce in Hong Kong and Hong Kong’s Investment Promotion Ambassadors. 

Hong Kong’s Chief Executive Mr Donald Tsang thanked the investors for their contribution and said that despite the challenges the community was facing, Hong Kong remained an attractive business location for companies from all over the world. 

The Secretary for Commerce, Industry and Technology, Mr Joseph WP Wong, and the Director-General of Investment Promotion at Invest Hong Kong, Mr Mike Rowse, also greeted executives at the reception.

Mr Rowse told the gathering that their presence was a strong statement of Hong Kong's position as the best place to do business in Asia.

In 2005, Invest Hong Kong assisted 232 foreign, Mainland and Taiwan companies to set up or expand operations in Hong Kong last year. Hong Kong also recorded an all-time high number of nearly 3,800 regional operations run by foreign, Mainland and Taiwan companies.

CEPA continued to have a positive impact on attracting investors to Hong Kong. Mr Rowse said that about a quarter (23%) of the companies the department had assisted so far this year indicated that CEPA played an important role in their decision to invest here. 

The flow of Mainland investments in Hong Kong remained strong, with Mainland companies making up 13.5% of the department's completed projects in the first six months, and now constituting around 20% of the current live caseload. 

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