Hong Kong retains second place in global FDI inflows
Invest Hong Kong (InvestHK) today (June 22) welcomed the results of the United Nations Conference on Trade and Development (UNCTAD) World Investment Report (WIR) 2016, in which Hong Kong continues to rank second in global foreign direct investment (FDI) inflows.
According to the UNCTAD report, Hong Kong registered FDI inflows of US$175 billion in 2015, a year-on-year surge of 53.5 per cent compared to US$114 billion in 2014. It places Hong Kong second only to the US (US$380 billion) and ahead of Mainland China (US$136 billion). The UNCTAD report said that the increase in Hong Kong FDI inflows was partly due to corporate reconfiguration.
Globally, foreign direct investment also reached its highest level since 2008. The UNCTAD report added that global FDI recovery was strong in 2015 with FDI flows jumping by 38 per cent to $1,762 billion, which could be attributable to a surge in cross-border mergers and acquisitions, especially in developed economies.
Acting Director-General of Investment Promotion, Francis Ho, said, "It is very encouraging to see that Hong Kong ranks second again in global FDI inflows. Despite ongoing global uncertainties, Hong Kong continues to be an important business city among foreign and Mainland companies. However, we are cautiously optimistic about the way forward, and will continue to strive to assist foreign and Mainland companies who plan to set up presence in our city."
Invest Hong Kong (InvestHK) is the department of the Hong Kong Special Administrative Region Government established in July 2000 to attract foreign direct investment and support overseas and Mainland businesses to set up or expand in Hong Kong. It provides free advice and customised services to help businesses succeed in Hong Kong's vibrant economy. As of December 2015, InvestHK had assisted over 3 820 companies which have created more than 41 200 new jobs in the first year of operation or expansion and over HK$101 billion of investment. For more information, please visit: www.investhk.gov.hk.
Established in 1964, UNCTAD promotes the development-friendly integration of developing countries into the world economy. For more information, please visit www.unctad.org. The WIR 2016 full report is available at www.unctad.org/wir.
Note: All FDI data and estimates in WIR are continuously revised. Because of these revisions, FDI data reported in the WIR may differ from those reported in earlier reports or other publications of UNCTAD or any other international or regional organisations.
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