The new crown pneumonia in Hong Kong continues, and an earlier investigation by a foreign chamber of commerce indicated that many members are planning to evacuate Hong Kong.
According to the Commerce and Economic Development Bureau, the number of overseas and mainland-based companies of parent companies in Hong Kong will reach a new high of 9,049 in 2021, a 10% increase from 8,225 in 2017.
Among them, the number of mainland companies is the largest, accounting for nearly 23%, and from 2017 to last year, it also recorded an increase of nearly 65%.
However, US companies fell 3.5% to 1,267 from 1,313 in 2017.
The authorities also stated that the import and export trade, wholesale and retail sectors occupied the first place among foreign companies last year, followed by finance and banking.
The authorities stressed that they will continue to strive to maintain Hong Kong's excellent business environment, maintain communication and cooperation with the business community, and continue to serve as the country's gateway to the rest of the world.
▼Market conditions at the time of the announcement of the 2022/23 Budget▼
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In response to a question from members of the Legislative Council Finance Committee Special Session, the Commerce and Economic Development Bureau pointed out that despite the impact of the COVID-19 pandemic on the global economy and a blow to investment confidence, according to the World Investment Report 2021 published by the United Nations Conference on Trade and Development, Hong Kong is one of the fastest growing cities in 2020. The world's third-largest economy in terms of foreign direct investment inflows.
According to the annual statistical survey jointly conducted by Invest Hong Kong and the Census and Statistics Department, the number of overseas and mainland companies with parent companies in Hong Kong rose to a new high of 9,049 last year.
In terms of industries, among the 9,049 overseas and Mainland companies in Hong Kong, import and export trade, wholesale and retail industries accounted for the largest number of 4,294 companies, followed by finance and banking industry with 1,728 companies and professional, commercial and educational services companies with 1,361 companies. between.
▼The government announced the new annual budget on February 23▼
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Compared with 2017, the number of companies in all industries, except insurance and publishing, media and multimedia events, increased, the authorities said.
Analysed by the location of the parent company, mainland companies in Hong Kong accounted for the largest share, with the number increasing by nearly 65% from 1,264 in 2017 to 2,080 last year.
It was followed by Japanese companies with 1,388 companies last year, an increase of 10 companies from 2017.
In third place are U.S. companies, although the number in 2021 is 3% lower than in 2017.
The authorities stressed that Hong Kong has the institutional advantages of one country, two systems and other inherent advantages, including the common law system, the rule of law, the independence of the judiciary, its integration with the international community, and the high-quality cosmopolitan living environment that is safe and integrates urban and rural areas.
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