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2007 Annual Survey of Companies in Hong Kong Representing Parent Companies

2007 Annual Survey of Companies in Hong Kong Representing Parent Companies Located outside Hong Kong. Background. (i) Survey conducted annually since early 1990s: Covers RHQs and ROs (ii) Since 2001: Also covers LOs (iii) Since 2004: Also collects views of LOs

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2007 Annual Survey of Companies in Hong Kong Representing Parent Companies

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  1. 2007 Annual Survey of Companies in Hong Kong Representing Parent Companies Located outside Hong Kong 2007 SCoRP

  2. Background (i) Survey conducted annually since early 1990s:Covers RHQs and ROs (ii) Since 2001:Also covers LOs (iii) Since 2004:Also collects views of LOs (iv) Since 2006: Survey name revised Definitions of RHQ, RO and LOrevised 2007 SCoRP

  3. Survey Objectives (i) To enumerate number of RHQs, ROs and LOs in HK representing parent companies located outside HK (ii) To obtain basic information of these companies (iii) To seek their views on HK as a location for setting up RHQs/ROs and LOs 2007 SCoRP

  4. Survey Coverage Covers companies in HK taking charge of business/operations in HK or in the region on behalf of parent companies located outside HK • Reference date:1 June 2007 2007 SCoRP

  5. Geographical responsibility? Any managerial control over offices in the region? In the region Yes No (i.e. only coordinates offices and/or operations in the region) No HK only Yes Non-RHQ/RO/LO LO RHQ RO How is a company classified as an RHQ, RO or LO? Taking charge of business/operations on behalf of its parent company located outside HK? 2007 SCoRP

  6. Country/Territory of Location of Parent Companies No. of companies 2007 SCoRP

  7. Geographical Responsibility of RHQs and ROs in the Region (other than HK) No. of companies 2007 SCoRP

  8. Major Line of Business of RHQs, ROs and LOs No. of companies 2007 SCoRP

  9. No. of companies Major Line of Business of Parent Companies No. of companies 2007 SCoRP

  10. Views on Importance of Factors for Choosing Location for Setting up RHQs/ROs and LOs RHQs/ROs* LOs* 1. Low and simple tax system 1. Low and simple tax system 2. Free flow of information 2. Free flow of information 3. Corruption free government 3. Corruption free government 4. Absence of exchange controls 4. Political stability and security 5. Rule of law and independent judiciary 5. Absence of exchange controls 6. Political stability and security 6. Rule of law and independent judiciary *In descending order of importance 2007 SCoRP

  11. Views on Favourable Factors for HK as a Location for Setting up RHQs/ROs • Low and simple tax system 68% 1% • Free flow of information 67% <0.5% • Absence of exchange controls 64% 1% • Corruption free government 64% <0.5% • Communication, transport and other infrastructure 63% 1% 2007 SCoRP

  12. Views on Unfavourable Factors for HK as a Location for Setting up RHQs/ROs • Availability and cost of residential accommodation 16% 28% • Availability and cost of business accommodation 20% 28% 2007 SCoRP

  13. Views on Favourable Factors for HK as a Location for Setting up LOs • Low and simple tax system 64% <0.5% • Free flow of information 61% 1% • Absence of exchange controls 59% 1% • Corruption free government 59% 1% • Free port status 58% <0.5% 2007 SCoRP

  14. Views on Unfavourable Factors for HK as a Location for Setting up LOs • Availability and cost of residential accommodation 16% 24% • Availability and cost of business accommodation 20% 24% 2007 SCoRP

  15. Deteriorated 6% Deteriorated 5% Improved 29% Improved 29% Same49% Same47% No comment 17% No comment 19% Views on Overall Business Environment in HKas a Location for Setting up RHQs/ROs and LOs Comparing June 2007 with June 2006 RHQs/ROs LOs 2007 SCoRP

  16. Very much beneficial3% Very much beneficial3% To some extent beneficial27% To some extent beneficial23% Not affected52% Not affected54% No comment17% No comment19% Negatively affected1% Negatively affected1% Views on Effect of CEPA Implemented since January 2004 on RHQs/ROs and LOs RHQs/ROs LOs 2007 SCoRP

  17. No comment 17% No comment 20% Yes10% Yes8% No73% No73% Views on Effect of CEPA on Investment Activities of RHQs/ROs and LOs Whether investment activities affected ? RHQs/ROs LOs Effect Setting up new business expansion plans Advancing business expansion plans 2007 SCoRP

  18. 2007 Annual Survey of Companies in Hong Kong Representing Parent Companies Located outside Hong Kong 2007 SCoRP

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