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Welcome to Hong Kong

Welcome to Hong Kong. Hong Kong : The Gateway to China Hong Kong’s Role in Growing Your Business in Asia Norrbotten Delegation to London, Thursday April 26 th 2012. David Parker. About InvestHK. The Department for Foreign Direct Investment.

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Welcome to Hong Kong

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  1. Welcome to Hong Kong Hong Kong: The Gateway to China Hong Kong’s Role in Growing Your Business in Asia Norrbotten Delegation to London, Thursday April 26th 2012 David Parker

  2. About InvestHK The Department for Foreign Direct Investment • Our aim is for companies to make an informed choice and put the right part of your business in Hong Kong for the right reasonsin order to be more competitive and make more profit • Part of Economic Trade Office London (covering UK, Baltics, Russia & SCANDINAVIA). • Provide free advice and customized services to help businesses succeed in setting up operations in Hong Kong. Public relations support for launch / expansion Matchmaking and networking support Facilitation of set-up / expansion Relevant up-to-date information

  3. 3 Markets, 3 Opportunities for Businesses • Three (3) Markets • Hong Kong > A dynamic consumer market • Hong Kong + Mainland China • Hong Kong + Asia • Business or Operational Functions - E.g. • Sales and Marketing • Research & Development • Sourcing and Procurement • Regional Office/Regional HQ Management • Treasury Functions • Low Tax… or No Tax

  4. One Country, Two Systems

  5. Hong Kong – Dynamic consumer market • Free port – no import or export tariffs on most goods • No sales tax – maximise consumer business opportunities • Hong Kong loves to shop – total retail sales in 2010 at HK$324.9 billion, an 18.3% increase over 2009 • Maximise brand and product exposure to more than 40 million (and growing!) visitors to Hong Kong • With over 28 million Mainland Chinese visitors, Hong Kong is the shop window for Mainland consumers • World-class logistics, infrastructure and financial services to support and help develop consumer activities in Hong Kong and Asia • Large pool of tri-lingual and capable talent with international experience to help your consumer business • Hong Kong a testing ground before entering Mainland China – minimising risk

  6. China’s Global Financial Centre Global leader in IPOs since 2009 Asia’s asset management hub with funds under management in excess of US$1 trillion First and largest offshore RMB platform – handles 86% of China’s global RMB trade World’s largest securitised derivatives market in 2011 Home to 70 of the world’s 100 largest banks Pool of financial expertise (more CFAs than anywhere else in Asia Pacific) The Global Financial Centres Index (GFCI) 9, The Z/Yen Group, March 2011

  7. World Class ICT - Connecting People Ranked 4th in the world and 2nd in Asia in the Global Innovation Index Report INSEAD, 2009-2010 Mobile phone penetration rate 193.2%OFTA Feb 2011 7th most e-ready economy in the world EIU 2010 3rd highest average broadband connection speedUS-based network provider Akamai Technologies 2009

  8. Quality Education • Home to Asia’s leading universities and business schools • HKU 2nd and in the world’s Top 50 Times Higher Education World University Rankings 2011-12 • World’s Top eMBA in 2010: Kellogg - HKUST EMBA Programme • MBA run by HKUST ranked 1st in Asia and 6th in the world in 2011 Rankings by the Financial Times • 48 international schools serving students of more than 30 nationalities

  9. Heart of Asia and Gateway to China • World's busiest cargo airport • Third busiest international passenger airport • Connections to about 160 destinations worldwide • 900 daily flights by over 95 airlines • 23 minutes to Central Business District from Airport • One hour from GPRD, the “factory of the world”

  10. Greater Pearl River Delta • Population 55.26Mn > Spain, Canada • Exports US$387Bn > Italy, UK, Canada (more than 27% of China’s exports) • GDP US$665Bn > Indonesia, Sweden, Saudi Arabia • Land area 56,000 sq. km < Ireland, Panama (less than 1% of China’s land area) • Exports would rank 7th globally • GDP would rank 18th globally

  11. Hong Kong + China Gateway to the Mainland “No other city in the world can help overseas investors manage the risks inherent in entering Chinese Mainland markets as well as Hong Kong” Source: E.E. Scott, First Choice Hong Kong – Your Asia Pacific Platform

  12. China opportunities • Supporting China’s development • Raising capital, upgrading corporate skills, international exposure, testing/tailoring products • Leisure & business visitors • 40+ million visitors in 2011, fuelling retail, leisure, hospitality sectors – 22.7 million from mainland China • Closer Economic Partnership Arrangement (CEPA) • Double Taxation Agreement • RMB trade settlement, RMB Banking and RMB bond issue

  13. Hong Kong + Asia Opportunities

  14. Hong Kong:How to use the Hong Kong Advantage Most common business activities by overseas businesses • Sales and Marketinge.g. local and region sales and marketing operation to promote your own products and services to international buyers • Research & Developmente.g. HK Science Park, Cyberport, testing new retail product • Sourcing and Procuremente.g. access of most dynamic exhibitions, fairs, and events to obtain newest products • Regional Office/Regional HQ Managemente.g. location to manage Far East agents, suppliers and manufacturing • Treasury Functionse.g. Regional or Global Financial and Foreign Exchange Management

  15. Hong Kong offers “Business Freedom” • Level playing field for all • No foreign ownership rules • Rule of law, low corruption • Freely transferable currency • Freedom of information • Advanced infrastructure • Low tax … or no tax!

  16. Hong Kong Low Tax Regime Corporate Tax Cut to 16.5%; Income Tax Cut to 15%

  17. InvestHK Sector Specialist Teams • Business & Professional Service • Consumer Products • Financial Services • ICT • Innovation &Technology • Creative Industries • Tourism & Hospitality • Transportation & Industrial

  18. Invest Hong Kong: how we can help • Enjoy our free services • Latest information on business environment and opportunities • Personalised service from our European Office in London • Contacts for all aspects of business establishment • Arranging tailored visit programmes hosted by InvestHK • Support and assistance with visa applications, trade regulations etc. • Public relations services during your launch/expansion • Advice on settling in Hong Kong – housing, schooling, healthcare

  19. Thank you! InvestHK London David Parker +44 (0)207 290 8207 David_parker@hketolondon.gov.hk www.investhk.gov.hk

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