Ranked as the world's freest economy for the 25th successive year, Hong Kong remains a magnet for overseas and Mainland businesses. Last year, Invest Hong Kong assisted a record number of 436 overseas and Mainland companies to set up or expand in the city. Mainland China continued to top the list of source locations, with a total of 101 companies, followed by 63 from the United States. Innovation and technology was the leading sector, which is in line with the Government's policy objectives.
It is not just major global businesses that are finding a home in Hong Kong, as the city's start-up community has also been on an upward trend in recent years.
Factors contributing to the favourable business environment include the simple and low tax system, free flow of information, as well as Hong Kong's strategic geographical location.
The Belt and Road and Greater Bay Area initiatives are creating more opportunities for businesses, but how can we ensure that the companies in Hong Kong are in a position to reap the full benefits? What are InvestHK's initiatives to further promote the diverse advantages Hong Kong offers? What challenges does the organization face?
Stephen Phillips, Director-General of Investment Promotion at InvestHK, will address these and other issues during his talk at the Chamber as part of our "Town Hall Forum Series" on 20 May.