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HK - New Era, New Opportunities
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Both the number of regional headquarters and regional offices in Hong Kong reached all-time highs this year, demonstrating that international companies still see Hong Kong as the ideal base to oversee their regional operations. The number of local offices also recorded an increase.
A total of 256 American companies had regional headquarters (RHQs) in Hong Kong in 2004. Next was Japan, with 198 companies, and the mainland of China, with 106 companies.
The major line of business of the RHQs in Hong Kong was wholesale, retail and import/export trades. Other major lines of business included business services, transport and related services, finance and banking and manufacturing.
Among the factors affecting the choice of location for setting up regional headquarters and regional offices, free flow of information was considered as the most important. Others included low and simple tax system; corruption free government; and absence of exchange controls. All these conditions were rated by over 60% of the companies to be favourable factors for Hong Kong as a location.
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