Hong Kong - Switzerland Global Enterprise
Transcription
Hong Kong - Switzerland Global Enterprise
Hong Kong – The Latest Swiss Business Hub – Operation Goes Live October 15th, 2012. Hier Bild platzieren (weisser Balken bleibt nur bei Partner-Logo) Osec point of view – why a SBH in Hong Kong? - Osec checks every 1-2 years their countries of priority, by updating & optimizing the needs of Switzerland and those of the Swiss SME’s. - Our recent analysis has shown that the Swiss Business Hubs (excluding RSA) are still at the right place. At the same time, the analysis shows that we have some gaps. - An important cornerstone of Swiss Foreign Trade Policy is the bilateral free trade agreement. Recently, there have been several agreements completed. More important ones will follow. - Osec will increase its activities in countries with FTA, so that the Swiss export industry can have a better benefit from this agreement. With the opening of the SBH in Hong Kong, Osec is already pursuing this strategy. - This path will be continued in 2012 consistently, as the external network is representing a real USP of the government-sponsored export promotion. Osec point of view – why SBH in Hong Kong? - The opening of an SBH supports the official foreign trade policy of Switzerland, which sets a base for the exporters on the lines of the FTA. This is then developed by Osec using targeted promotions. - The time factor is relevant: the EU countries do not have an FTA with HKG. Thus, Swiss companies have a comparative advantage which should be exploited (Window of Opportunity). - The opening of a SBH in HKG is in line with Osec’s strategy as Osec wants their presence felt strongly in countries like Hong Kong. - The opportunities that exist in Hong Kong (especially through the FTA) must, however, be actively promoted. Otherwise they are perceived in Switzerland (especially in SMEs) as being too little. - On top of this Location Promotion can be pushed strongly in Hong Kong. Which Status has Hong Kong ? • With regards to Hong Kong SAR, China follows the principle “one country - two systems" • This allows Hong Kong to maintain its status of a Special Administrative Region, however directly reports to the Central Government in Beijing who allows great deal of autonomy especially in foreign trade. • Exceptions to this autonomy, are defense and foreign affairs. Copyright © Osec 2011. Alle Rechte vorbehalten. 4 Trade between Switzerland and Hong Kong. • According to the Hong Kong Census and Statistics Department, Switzerland was the 12th largest trading partner of Hong Kong in 2011. Switzerland was Hong Kong's 9th largest supplier and 19th largest export market. • In 2011, Swiss exports to Mainland China (CHF 8,831 million in value) and Hong Kong (CHF 7,902 million in value) accounted for 8% of global Swiss exports. Hong Kong, next to China, was Switzerland’s second largest market in Asia. On the other hand, Swiss imports from China (CHF 6,299 million) and Hong Kong (CHF 1,643 million) totaled CHF 7,942 million. Switzerland got a trade surplus worth CHF 8,791 million Copyright © Osec 2011. Alle Rechte vorbehalten. 5 Economic trends – 2nd half 2012. Business climate GDP: Investments: Private Consumption: Foreign Trade: according to the government the GDP will increase by 1 to 3% in 2012. Growth is expected to be at the upper end of the scale. Large investments into infrastructure projects ensure a continued boom. Consumer spending remains one of the main drivers of the economy. Foreign trade slowed down at the beginning of the year, and will continue to soften compared to previous years. Sectors Machinery: Chemicals: Deliveries to South China will most likely recover during the 2nd half of the year. The petrochemical industry across the Pearl River Delta continues to expand. Consumer Goods: The demand for high quality consumer-, luxury & lifestyle goods e.g. watches & jewellery is still booming. Especially the industry across South China is using less semi-finished goods. Hospitals will have to be equipped with high-end quality standards. Waste management, renewable energy, smart buildings are in high demand. Weaker foreign trade may give the industry sector some headache. Source: GT & Invest Excellent opportunities for niche and high-end products, food security is an issue. Electric & Electronic: Medtech: Greentech: Logistics: Food: Economic trends compact Hong Kong. Outlook (real change in %) GDP Investments Consumption Import 2012 3 3.3 4.2 2.9 2013 4.7 4 5.2 6.9 Market potential for Swiss Companies 2012 Machinery: Chemicals: Consumer Goods: Electric & Electronic: Medtech: Greentech: Logistics: Infrastructure: Food: 7 Source: GT & Invest SWOT - Analysis HELPFUL HARMFUL To achieving the objectives To achieving the objectives EXTERNAL FACTORS INTERNAL FACTORS STRENGTHS Excellent infrastructure Gateway for China business, especially Pearl River Delta, service agreement CEPA Low tax and contribution rate, low government spending High degree of rule of law, low bureaucracy and regulatory regulation Economic prosperity, low unemployment Internationalization of the Renminbi Large scale infrastructure development Clearance of a competition law Government promotes new service industries Expansion and reformation of health system OPPORTUNITIES WEAKNESSES Vulnerability to external shocks No own manufacturing industry Lack of competition law leads to oligopolistic structures R & D spending less than 1% of GDP is way too low Imported inflation The pegging of the HKD to the USD will be lifted midterm Brain drain due to poor environmental record Overheated property market threatens the entire economy THREATS Source: GT & Invest I. Hong Kong – Introduction. Land Area: 1’104 km² Population: 7.1 Mio Population growth Rate: 0.421% Religion(s): mixture of local religions 90%, Christian 10% Languages Cantonese (official) 90.8%, English (official) 2.8%, Putonghua (Mandarin) 0.9% II. Hong Kong – Snapshot of the Economy 2011. GDP GDP /capita (PPP)* Real GDP growth Unemployment External public debt Inflation USD 243bn USD 35’580 +5% 3.4% 43.5% of GDP 5.3% Gross foreign reserves Total Export Total Import Current account balance Budget surplus USD 285.4bn USD 427.9bn USD 482.6bn 7% of GDP -1.2% of GDP Existing bilateral economic agreements • FTA (EFTA – Hong Kong): signed June 2011 • Investment Protection Agreement: 1994 • Air Transportation Agreement: • Double Taxation Agreement: signed in June 2010 Swiss trade of goods with Hong Kong Exports Imports Trade balance Major Exports 1. 2. 3. Watches and clocks Jewellery and precious stones Chemical and pharmaceutical products 1. 2. 3. Jewellery and precious stones Watches and clocks Machinery Major Imports CHF 7’902mio CHF 1’643mio CHF 6’259mio 52% of total exports from CH to Hong Kong 31% 5.7% 63% of total Imports from Hong Kong to CH 21% 6.3% Switzerland. Hong Kong. Key figures 2011 (USD): • Population: 8mio Key figures 2011 (USD): • Population: • Population density: 192/km2 • Population density: • GDP: 632bn • GDP: • GDP nominal/capita: • Imports: • Exports: • FX Reserves: 79’981 174.7bn 197.6bn 384bn • GDP nominal/capita: • Imports: • Exports: • FX Reserves: 7.1mio 6’396/km2 243bn 35’580 483.9bn 429.0bn 287bn 11 Sources: GT & Invest, IMF Switzerland and Hong Kong in International Rankings. Switzerland Hong Kong WEF (Global Competitiveness Index 2011) 1 11 IMD (World Competitiveness Score Board 2012) 3 1 IFC / The World Bank (Ease of doing Business Ranking 2012) 26 2 The Heritage Foundation (Index of Economic Freedom 2012) 5 1 Transparency International (Corruption Perceptions Index 2011) 8 12 2 70 City Ranking (Mercer 2011) Cost of Living (Mercer 2011) Source: WEF GCI; World Bank Group; IMD; KOF; Transparency International Note: Number represents absolute ranks (Zurich) 5+6 (Geneva+Zurich) 9 12 International and regional economic agreements. • Hong Kong is a free port which thrives on free trade. Its open door policy has enabled the city to become the world's 10th largest trading economy and an international financial and commercial centre serving the Asia-Pacific region and China. The cornerstone of this approach is a strong and credible multilateral trading system. • Hong Kong is a founding member of the World Trade Organization (WTO). Hong Kong became a member of the Asia-Pacific Economic Cooperation (APEC) and the Pacific Economic Cooperation Council (PECC) in 1991. Hong Kong belongs, in its own right, to the Asian Development Bank (ADB) and the World Customs Organization (WCO). Since April 1994, Hong Kong has been an observer in the Trade Committee of the Organization for Economic Cooperation and Development (OECD). Hong Kong’s policy and priorities. • Hong Kong has concluded three free trade agreements with Mainland China (the Closer Economic Partnership Arrangement CEPA), New Zealand and the EFTA States (including Switzerland). The one with the EFTA States, signed on 21st June 2011, is Hong Kong's first free trade agreement with the European economies. • Hong Kong signed an agreement for avoidance of double taxation with Switzerland on 4th October 2011. Hong Kong is actively seeking to establish a network of such agreements with its major trading and investment partners. • According to the HKSAR Government, both the free trade agreement with the EFTA states and the agreement for avoidance of double taxation with Switzerland have been approved by the Legislative Council in Hong Kong. • Furthermore, Hong Kong has signed investment promotion and protection agreements with 17 countries including Finland, Kuwait, the Netherlands, Australia, Denmark, Sweden, Switzerland, New Zealand, Italy, France, Germany, Belgium-Luxembourg Economic Union, Austria, Japan, Korea, the United Kingdom and Thailand. Bilateral trade. • According to the Hong Kong Census and Statistics Department, Switzerland was the 12th largest trading partner of Hong Kong in 2011. Switzerland was Hong Kong's 9th largest supplier and 19th largest export market. • There has been a substantial quantity of Swiss products entering China via Hong Kong in recent years (from US$ 518mio in 2005 to US$ 1,022mio in 2011). In this regard, Swiss exporters and manufacturers may make use of Hong Kong as a known entrepôt and trade hub (which has a huge cluster of traders who are experienced in the market of China) to do business with China. Structure of Swiss Exports to Hong Kong. Total CHF 7’902mio 2011 watches & clocks Mio CHF 4'086 5% 6% jewellery & precious metal Mio CHF 2'433 6% 52% 31% chemical and pharmaceutical products Mio CHF 454 machinery Mio CHF 393 miscellaneous Mio CHF 536 Copyright © Osec 2011. Alle Rechte vorbehalten. 16 Structure of Hong Kong’s Exports to Switzerland. Total CHF 1’642mio 2011 watches & clocks Mio CHF 351 8% 2% 6% 21% jewellery & precious metal Mio CHF 1'038 work of art and antiques Mio CHF 38 machinery Mio CHF 104 63% Copyright © Osec 2011. Alle Rechte vorbehalten. miscellaneous Mio CHF 112 17 Strukture of Switzerland’s Exports to Hong Kong. 2011 Uhren 3.9% 2.6% 1.9% 1.4% 1.2% 2.0% 2.4% 1.1% 0.4% Bijouterie Pharma 5.1% Elektro Apparate Chemie 63.1% Präzisionsinstrumente Industriemaschinen 14.0% Nahrungs- und Genussmittel Textilien, Bekleidung, Schuhe Copyright © Osec 2011. Alle Rechte vorbehalten. 18 Swiss Exports to key focus countries. Asia becomes more and more important! 59.5 % Europe 20.0 % Germany 7.5 % Italy 7.0 % France 4.5 % UK 21.7 % Asia 3.7 % China 3.5 % Hong Kong 3.2 % Japan 15.7 % America 11.1 % USA 3.1 % Africa/Oceania Copyright © Osec 2010. Alle Rechte vorbehalten. Figures by June 2012 – FDF Department Switzerland 19 Top Swiss Export Markets till end of June 2012. Country Export (Mio. CHF) 1. Germany 20’011 2. USA 11’065 3. Italy 7’531 4. France 7’005 5. UK 4’470 6. China 3’711 7. Hong Kong 3’489 8. Japan 3‘159 9. Austria 2’800 10. Spain 2’766 Source: Oberzolldirektion 2012 Biotech & Medtech. - Biotechnology & Pharmaceuticals - Medical & Healthcare Equipment - Traditional Chinese Medicine (TCM) - Medical Services in Hong Kong - Hong Kong’s per capita healthcare spend is among the highest in Asia - Research funding and infrastructure is in place to support R&D activities by biomedical companies - Highly-skilled, multilingual and tech-savvy workforce Copyright © Osec 2011. Alle Rechte vorbehalten. Why Hong Kong? • Proximity to the fastest growing pharmaceutical market in Mainland China • Hong Kong has a well established and high quality medical infrastructure • Registration system of western drugs and traditional • Chinese medicines in place • Lucrative medical and healthcare services markets in • Hong Kong and Asia Pacific • World-class clinical trial services available • Significant resources including research funding and • university grants to support research and development • activities from the government Copyright © Osec 2011. Alle Rechte vorbehalten. Trends and Opportunities. • Hong Kong is becoming a regional centre for traditional Chinese medicine and is well positioned to exploit the potential for the commercialisation and modernisation of TCM and herbal drugs • Thousands of small to medium-sized GMP pharmaceutical manufacturers in the Mainland are seeking strategic alliances, partnerships or M&As with overseas companies • The two academic clinical trial centres have accreditation from (China State Food and Drug Administration) SFDA to conduct clinical trial of pharmaceuticals for registration purposes in the Mainland. This increases Hong Kong popularity as the regional clinical trial centre • Increased health consciousness and popularity of herbal based medicines and health supplements provides an effective platform for companies to develop their brands regionally • Hong Kong has a population aging faster than the world’s average, implying a huge and growing demand for medical services and products Copyright © Osec 2011. Alle Rechte vorbehalten. Electronics / ICT & Multimedia. Electronics: • LCD Products • Computer, Tablets, Mobile Phones etc. ICT: • Data Centres • Cloud Technology • Software and Services • Telecommunications Multimedia: • Mobile Technology • Digital Entertainment Market • Gaming Industry • Cutting Edge Infrastructure Copyright © Osec 2011. Alle Rechte vorbehalten. Electronics / ICT & Multimedia. Electronics: - Hong Kong is an important trading hub in Asia Pacific for electronic parts and components - The industry benefits from Hong Kong’s proximity to the Pearl River Delta - the world’s electronics manufacturing hub - Hong Kong is an ideal testbed and launchpad for new electronics products and applications, particularly for the Mainland China market - The electronics industry is the largest merchandise export earner of the city, accounting for over 50 percent of Hong Kong’s exports Multimedia: - Hong Kong – the Digital Hub of Asia Pacific - Hong Kong is one of Asia’s most innovative economies. Enabled by a superior internet infrastructure, high mobile connectivity, an open and unrestricted online environment, coupled with an abundant supply of creative talent, Hong Kong has become an ideal hub for innovative digital products, content development and technological customisation. The city is now home to a wide range of digital entertainment companies producing entertainment and games software, mobile applications, computer animation and digital effects for the video and film industries Copyright © Osec 2011. Alle Rechte vorbehalten. Electronics / ICT & Multimedia. ICT: • Data Centres, Cloud Technology, Software and Services, Telecommunications • Sophisticated ICT infrastructure–broadband networks cover virtually all commercial buildings and households • Business-friendly environment with no restrictions on technology imports and robust IP protection • Strategically located in the centre of Asia - regional IT projects can be effectively rolled out and managed from Hong Kong • Enforces stringent IP protection and ranks 2nd in the Global Competitiveness Report 20112012 (World Economic Forum) • Strong government support for R&D initiatives (Innovation & Technology Fund has supported over 2,600 projects valued at HK$ 6.1bn as at Oct 2011) • Reliable electricity supply of over 99.99% and is relatively free of natural disasters (ranks 4th globally and 1st in Asia in the “Lowest-Risk Location for Data Centres Index" by Cushman & Wakefield, Nov 2011) Copyright © Osec 2011. Alle Rechte vorbehalten. Why Hong Kong? Electronics • Hong Kong has a successful electronics industry that has attracted more foreign investment than any other industry. • An important trading hub for electronic parts and components in Asia-Pacific • Close proximity to the Guangdong province, Mainland China’s manufacturing heartland • World class technological infrastructure • An abundant supply of engineers, managers, administrators, technicians and skilled workers • Strong collaboration between university institutes, government supported high-tech facilities and research centres • Availability of government funds to support marketing and R&D activities. • World-class logistics infrastructure caters for efficient and effective sourcing and distribution of components and products Copyright © Osec 2011. Alle Rechte vorbehalten. Why Hong Kong? ICT • Strategically located in the centre of Asia, so regional ICT projects can be effectively rolled out and managed from Hong Kong. • Ranked 8th globally in EIU’s e-readiness survey. A mature and sophisticated market ready for best-of-breed business applications. • Easy access to the high-growth Mainland China market. • Leading place in Asia for safeguarding intellectual property rights. • Top-notch telecommunications infrastructure, coupled with a fully liberalised market offers the world’s most affordable internet connection and mobile services. • Staffed with mobile, tech savvy and multi-lingual professionals to drive business growth in the Greater China and Asian region. Copyright © Osec 2011. Alle Rechte vorbehalten. Why Hong Kong? Multimedia • Hong Kong is one of the world’s largest TV and film exporters • It is one of the world’s largest art markets, and several major international arts and culture venues are under development • An extensive cluster of media, multimedia, design and creative-related industries use Hong Kong as their regional hub • The Hong Kong Government is focused on further developing the sector and building up Hong Kong as Asia’s cultural and creative capital Copyright © Osec 2011. Alle Rechte vorbehalten. Trends and Opportunities. Electronics • Continues to be a popular sourcing centre for higher-end consumer products • Infortainment devices such as netbooks and smart phones are gaining popularity among consumers • Mainland China’s manufacturing capability and demand for consumer products is growing fast • A complete and effective supply chain for electronics industry in Hong Kong allows cost-competitive production and timely introduction of products • Hong Kong is an ideal test bed and launching pad for new products, applications and services for the Mainland market • World class logistics infrastructure to support short delivery cycle time and quick responses to meet • customers demanding order and technical supports requests Copyright © Osec 2011. Alle Rechte vorbehalten. Advantages and Opportunities Multimedia. • Asia’s Most Innovative Economy • Rapid Growth of Mobile Technology • Ideal Gateway to China’s Digital Entertainment Market • Booming Gaming Industry in Asia • Cutting-edge Infrastructure • A World City for International Business Copyright © Osec 2011. Alle Rechte vorbehalten. Advantages and Opportunities ICT. • The number of Wi-Fi access points in Hong Kong is now more than 8,800 and the use of the technology is growing rapidly. This provides opportunities for networking solutions and wireless access service providers. • The availability and popularity of 3G services in Hong Kong illustrate the market potential for mobile applications and content providers. Mobile broadband services have a much bigger market for growth, especially with the increasing popularity of smartphones and social networking media. • High broadband penetration rate in Hong Kong creates a demand for cutting edge application service providers and offers new revenue streams for innovative networking solutions • ICT spending in Asia Pacific (excluding Japan) will reach US$184mio in 2010, registering a 7.7% growth with China being one of the growth engine • Green IT does not just help cost saving but its strategic value in sustainable growth is gaining recognition, thus creating new business models and opportunities for different market players Copyright © Osec 2011. Alle Rechte vorbehalten. Greentech / Renewable Energy & Sustainable Construction. • Solar and wind technologies application engineering • Low emissions public transport • Waste treatment and recycling (almost 50 % of waste is already recycled) • Electric vehicles • Low emission building strategies and urban planning • Carbon audits and environmental services • Air and water quality improvement technologies • Consult on emissions reduction and trading • Structure deals (legal, auditing) • Finance projects • Build projects (contractors/engineers) • Supply the parts and technologies Copyright © Osec 2011. Alle Rechte vorbehalten. Why Hong Kong? Greentech / Renewable Energy & Sustainable Construction. Greentech: • The Hong Kong SAR (HKSAR) Government has launched various programmes and has committed to introduce new measures to reduce GHG emissions and promote environmental protection. • This has created new business opportunities for environmental companies in green technology, renewable energy, waste recycling recovery, construction and demolition waste disposal, electric vehicles, cleaner technologies and processes for infrastructure projects and carbon audits. This is why the Government has identified the Environment Industry as one of six key industries where Hong Kong has excellent development potential. Engergy and Renewable: • Hong Kong is a favourite place for dealmakers from around the world to meet, with events like the annual Eco Expo bringing together energy and renewables professionals from around the world • It is a meeting place for organisations that need to offset the carbon footprint of polluting businesses in countries with strict controls • As Asia’s financial and business services hub, Hong Kong is a great place to secure investment and find the necessary professional expertise • Government support including tax incentives and public projects aims to encourage emissions reductions Copyright © Osec 2011. Alle Rechte vorbehalten. Opportunities Greentech. • A recent market research report by the Hong Kong Trade Development Council forecast the Hong Kong environmental market could reach US$11.6bn by 2018 • Starting from 2008, the HKSAR Government has provided funding of HK$93mio to the “Cleaner Production Partnership Programme” over a period of five years helping Hong Kong-owned factories in the Pearl River Delta region to improve energy efficiency, reduce air pollutant emissions and waste water treatment • Hong Kong is collaborating with the Guangdong authorities to transform the PRD region into a green area. The region has more than 50,000 Hong Kong-owned factories that require annually about US$5bn of environmental technology goods and services, a number that is estimated to double by 2018 • A US$58mio Building Energy Efficiency Funding Scheme has been set up to incentivise building owners to conduct energy-cum-carbon audits and improvement works to upgrade the energy efficiency of their buildings • A HK$300mio Pilot Green Transport Fund has been set up to encourage the conversion of conventional transportation to more environmentally friendly transportation technology • Waiver of First Registration Tax on electric vehicles till end of March 2014 to encourage the use of electric vehicles in Hong Kong • The introduction of accelerated tax deduction for environment-friendly facilities to Hong Kong companies to encourage the improvement of their technologies. A 100 percent tax deduction for capital expenditure on environmental protection machinery and the reduction of the depreciation period for environmental protection installation from 25 years to 5 years • Buildings with integrated photovoltaics (PV) has become one of the fastest growing segments within the fast growing PV industry Copyright © Osec 2011. Alle Rechte vorbehalten. Industrial R & D. Industrial: • Hong Kong, once a major manufacturer of light consumer goods, has now been transformed into a regional control centre for local and overseas companies looking to manufacture, source and trade products. Starting in the late 1980s, mass production has moved out of Hong Kong into southern China and other lower cost economies. • A typical business model today is to place high-value business services in Hong Kong. These include design, R&D, prototype production, technology applications, quality control, supply chain management, business development and product marketing Research and Development: • The Hong Kong Government is determined to support innovation and technology companies to grow and prosper in Hong Kong. It does this by: • investing in human resources • Providing state-of-the-art infrastructure • Offering funding support to R&D activities • Upholding an effective intellectual property protection system Copyright © Osec 2011. Alle Rechte vorbehalten. Why Hong Kong? Industrial R&D. - Strong tradition of collaboration between the private sector, world-class universities, government-supported facilities and research centres, offering technology companies the ideal environment to reduce their business risks and increase their chances of success - Best universities in Asia: three of our universities are ranked in Asia’s top five, cultivating high quality engineering talent and researchers - Enforces stringent IP protection and ranks 2nd in the Global Competitiveness Report 2011-2012 (World Economic Forum) - Strong government support for R&D initiatives (Innovation & Technology Fund has supported over 2,600 projects valued at HK$ 6.1bn as at Oct 2011) Copyright © Osec 2011. Alle Rechte vorbehalten. Hong Kong’s Business Advantages. (1) Strategic location and easy travel: • Four-hours flight time to all key business centres in Asia • Five-hours flight time to half of the world’s population • World-class airport serving 95 airlines and 150 cities worldwide, including 45 in China Proximity and close ties with Mainland China: • Almost one third of China’s exports pass through Hong Kong • The Pearl River Delta (PRD) region, immediately to the north of Hong Kong, is a major international manufacturing region • Annual GDP growth in the PRD has topped 14 percent between 2000 and 2010, fuelled by manufacturing • Hong Kong and overseas companies manage production in tens of thousands of PRD factories Copyright © Osec 2011. Alle Rechte vorbehalten. Hong Kong’s Business Advantages. (2) Business-friendly policies: • Rated the World’s Freest Economy by the Heritage Foundation, and No 2 by The World Bank’s Ease of Doing Business survey • Internationally recognised legal system and independent judiciary • Zero tolerance for corruption • Free flows of capital, trade and information • World-class infrastructure: transport, logistics, communications • Dynamic workforce: multilingual, China expertise, ease of visas • Low and simple tax system Business and Professional Services. - Industrial Testing - Executive Recruitment - Legal Services - Management Consulting - Non-Profit Organisations - Trade and Investment Promotion Agencies Copyright © Osec 2011. Alle Rechte vorbehalten. Why Hong Kong?. Hong Kong’s FDI Landscape • Hong Kong was the second largest source of FDI in Asia, after Japan, with FDI outflows amounting to US$63.5bn in 2009. • Major economic activities of Hong Kong outward investment (at market value) in 2009: Investment holding, real estate and various business services (73 %) - Wholesale, retail and import/export trades (8.9 %) - Banks and deposit-taking companies (4.1 %) - Manufacturing (2.8 %) - Transport and related services (2.7 %) - Others (8.6 %) • The Mainland is the most important destination for Hong Kong’s outward direct investment, with a share of 45.8 % of the total position at the end of 2009. • Hong Kong is an ideal location from which to target prospective Mainland investment. In 2009, Hong Kong received a total amount of US$52bn FDI inflow, 36.4 % of which (US$24.7bn) came from Mainland China. • More than 28 Mainland cities and provinces have established “window” investment in Hong Kong, which are ideal targets for investment. Copyrightcompanies © Osec 2011. Alle Rechte vorbehalten. Advantages. • Located within “five hours’ flight time to half the world’s population, Hong Kong offers convenient access to major target markets in the region • The presence of a large number of expatriate decision makers who are increasingly looking for investment opportunities aboard • A world class home base and a convenient centre for regional meetings and conferences • Free flow of information allows for transmission of sensitive material without censorship • Free flow of capital guarantees ease of “financial transactions” • A pool of investment promotion talent is readily available • A cluster of international media and communication companies ensures that IPAs receive maximum international coverage for marketing campaigns and initiatives • Hosting to more than 300 trade shows, conferences and exhibitions annually which attract some 500,000 participants, Hong Kong is a great location to showcase products, tourism and investment opportunities. Copyright © Osec 2011. Alle Rechte vorbehalten. Opportunities. • Access to large cluster of international decision makers: by June 2010, Hong Kong was home to 1,285 regional headquarters, 2,353 regional offices and 2,923 local offices • Proxy for investment out of Mainland China: an increasing number of Mainland enterprises have been established in Hong Kong with their sights set on overseas markets, among which 99 are using Hong Kong as their regional headquarters and 162 have set up regional offices in Hong Kong • Hong Kong entities of Mainland Chinese enterprises do not require further approval from the Central Government to make overseas investments • Proxy for investment into Mainland China: by the end of 2010, 592 Mainland enterprises had listed on the Hong Kong Stock Exchange (Main Board and GEM combined) Copyright © Osec 2011. Alle Rechte vorbehalten.