IN 2NoneSince 2000, InvestHK and Census and Statistics Department have collaborating to conduct an annual survey. Hence, the most popular type is the companies have their foreign parent companies located outside Hong Kong.
The survey report helps the entrepreneurs better understand the situation of Hong Kong as a leading international business and financial centre. Moreover, Hong Kong is a destination for foreign direct investment as well.
What are the findings?
Number of Business with Foreign Parent Companies
In 2017, the number of companies with parent companies outside Hong Kong was only 8225, whereas, the number of business operations in Hong Kong with parent companies located outside Hong Kong was 9025 in 2020. By comparing to 2017 which was 8225. There is a rise in 10%. Nevertheless, the total number of regional headquarters was 1504. There is 6% increase as well.
Source of the Parent Companies
In summary, source country/territory, major sources of the parent companies Mainland China ranked the first with 1986 companies, followed by Japan (1398), the United States (1283), then the United Kingdom (665) and then Singapore (453).
What are the top 4 Major Business Sector?
The top 4 Major Lines of Business are:
- Import/Export trade, wholesale and retail
- Financing and banking
- Professional, business and education services
- Transportation, storage and courier services
What are the views on the favourable factor of Hong Kong?
The survey also collected views on the attractiveness of Hong Kong as a place for setting up business. Altogether, the top favourable factors identified include
- Simple tax system and low tax rate,
- Geographical location,
- Free flow of information, and
- Communication, transport and other infrastructure.
What is the situation of Hong Kong?
The statistic proved Hong Kong’s startup and FinTech ecosystem has skyrocketed in the last few years. Nonetheless, its renowned spirit of enterprise and its boundless energy create the perfect environment for starting a business. In fact, this is supported by a strong network of incubators and accelerators, a pool of experienced angels and venture capitalists, a host of government backed programmes and a welcoming community of startups, knit together by dozens of networking events, seminars and associations.
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