InvestHK assists record number of companies in 2013

Invest Hong Kong (InvestHK) assisted 337 overseas and Mainland China companies to set up or expand in Hong Kong in 2013 according to figures released in January. This number represents an all-time high and an almost 7% year-on-year increase.

The Director-General of Investment Promotion Mr Simon Galpin was delighted to see the increase in completed projects: “2013 was another record year for InvestHK in terms of completed projects. The positive results showed that Hong Kong continues to attract overseas and Mainland investors because of its enduring advantages and new business opportunities,”

“In the year ahead, however, we will remain cognisant of global economic trends and continue to identify the sectors and markets which will reap the best benefits for Hong Kong. Our outreach to priority markets including Mainland, ASEAN nations and France, will include both multinationals and start-up businesses that aspire to set up in our city,” Mr Galpin added.

The 337 completed projects derived from a record 41 economies, including Mainland China (71), the US (48), Japan (37), the UK (36), and France (16). For the first time, InvestHK assisted a company from Bahrain to set up in Hong Kong. The client, ASB Biodiesel, established a biodiesel plant in Tseung Kwan O.

Companies in asset management, biomedical companies and financial technology companies were also keen to set up and expand in Hong Kong, Mr Galpin added.