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Where Business Goes to Grow. Simon Galpin Director-General of Investment Promotion. All Companies Great and Small. Where Business Goes to Grow. Simon Galpin Director-General of Investment Promotion. All Companies Great and Small. Heart of Asia. Heart of Asia. 4hr. Most of Asia’s - PowerPoint PPT Presentation
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Where BusinessGoes to Grow
Simon GalpinDirector-General of Investment Promotion
All Companies Great and Small
Where BusinessGoes to Grow
Simon GalpinDirector-General of Investment Promotion
2
All Companies Great and Small
3
Heart of Asia
4hrMost of Asia’skey marketswithinflight time
4
Heart of Asia
Proximity to China
5
4hrMost of Asia’skey marketswithinflight time
5hrFrom halfthe world’spopulation
Greater Pearl River Delta6
Population55.3 mn> Canada
Exports US$387 bn> UK, Canada
(more than 27% of China’s exports)
GDPUS$665 bn> Sweden, Belgium
Land Area56,000 km2
> Panama (less than 1% of China)
7
One Country Two Systems
• VAT/GST/Sales tax
• Capital Gains Tax
• Withholding tax on investments
• Estate duty
• Global taxation
• Wine duty
Low and Simple Tax System8
NO
World Class ICT – Connecting9
8th in the Global Innovation Index Report (INSEAD 2012)
2nd in AsiaCloud Readiness Index(Asia Cloud Computing Association,Sept 2011)
6th most advanced ICT Economy(ITU Sept 2011)
The safest place in Asiafor setting up datacentres(Data Centre Risk Index, Cushman $ Wakefield, 2012)
Mobile phone penetration rate >220%
Human Capital - Quality Education
10
x 2x 2
x 48x 48
Two universities in the world’s top 100
(Times Higher Education World University Rankings 2012/13)
HKUST MBA – 1st in Asia
and 10th in the world (Financial Times Global
MBA Ranking 2012)
World’s Top EMBA in 2011:
Kellogg – HKUST EMBA Programme
(Financial Times 2012)
48 International schools 3rd in the Global Index of Cognitive Skills
and Educational Attainment (Economic
Intelligence Unit 2012)
Hong Kong people have the highest average IQ
in the world – 107 (IQ and the Wealth of Nations)
One of the Safest Cities in the WorldSource: Hong Kong Police 2011Note: Rate per 100 000 population
11
Business-to-Consumer Gateway to 3.37 million HNWIs in Asia-
Pacific with wealth totalling US$10.7 tn > North America
HNWIs in Mainland China reached around562,400, or increased by 5.2% from last year
Mainland China (including Hong Kong) overtook the US as the world’s largest market for art and antiques
Among the 3.4 million HNWIs in Asia, 180,000 are in Hong Kong(Asia-Pacific Wealth Report 2012)
527,000 persons in Hong Kong held liquid assets of more than HK$ 1 million(Citibank Consumer Wealth Survey 2011)
12
Rapidly Growing Wealth in Asia
13
Source: James Davies, Rodrigo Lluberas and Anthony Shorrocks, Credit Suisse Global Wealth Databook 2011
Asia-Pacific accountedfor 50% of the growthin global wealthsince 2010
China, 2nd contributorto the growth in globalwealth after the US
In 2011, of the 30 millionmillionaires worldwide,20% were from Asia-Pacific
By 2020, est. no. of millionaires in Mainland China & Hong Kong will reach 3.7 million, an accumulated wealth of US$14 trillion
+16+16%%Million
14
+17+17%%
+5+5%%
Number of visitor arrivals
Mainland China Rest of the World
Source: Hong Kong Tourism Board
Total Retail Sales US$57 Billion +10%
15
84%of the world’s leading luxury and fashion retailers are inHong Kong
of all international retail brands are in Hong Kong
41%
18 in Hong Kong12 in London
No. of Shops
13 in Hong Kong5 in Milan
10 in Hong Kong4 in Milan
1,938 new investment projects approved; investment amountUS$46.5 bn (MOFCOM, 2012)
RMB deposits in Hong Kongof RMB677.2 bn (~US$110.6 bn)(as of Apr 2013)
Springboard for MainlandCompanies
16
740 listed Mainland enterprises on the HKEx; total market cap US$1.62 tn (as of May 2013)
2000 2012
% of mainland companies
% of mainland capitalisation
47%
57%
18%
27%
Foreign Direct Investment in 20117,250 companies of which 3,883 are RHQs and ROsSource: 2012 Annual survey, HKSAR Government’s Census & Statistics
17
Rank FDI Inflows (2011) US$ bn FDI Outflows (2011) US$ bn
1 USA 226.9 USA 396.7
2 China 124.0 Japan 114.4
3 Belgium 89.1 UK 107.1
4 Hong Kong 83.2 France 90.1
5 Brazil 66.7 Hong Kong 81.6
6 Singapore 64.0 Belgium 70.7
7 UK 53.9 Switzerland 69.6
8 Russia 52.9 Russia 67.3
9 Australia 41.3 China 65.1
10 France 40.9 Germany 54.4
From Micro…18
Russian technique for printing on glass
Authentic California wine
Innovative Japanese stationery
Italian branding and design
IC start-up from UK
Markus KramerPresident, Dispersions and Pigments Division(Global headquarters)
Global Operations in Hong Kong
John RiceVice Chairman(Global operations)
Jean-Pascal TricoireGlobal CEO
Johan de NysschenPresident(Global headquarters)
Michael AndrewGlobal Chairman
Jeff UrwinGlobal Head of Investment Banking
Wiebo VaartjesEVP & GM(Global headquarters of Philips Consumer LifeStyle)
19
What We Do?
20
??
How InvestHK helps investors21
Networking events,introduction to service
providers
PR and marketing support for
launch/expansion
Facilitation of visaapplications, schooling
Information to aidplanningand evaluation
www.investhk.gov.hk22
For more information,please contactTel: (852) 3107 1000Email: [email protected]
25/F, Fairmont House8 Cotton Tree DriveCentral, Hong Kong
Get in Touch