Hong Kong –World's Freest Economy. Hong Kong – key economic data Population6.9 mn (mid-2005) Per capita GDP US$24,100 (2004) Nominal GDP US$166 billion.

Slides:



Advertisements
Similar presentations
Reasons for Discrepancies in Chinas External Trade Statistics with partners: the Particular Role of Processing Trade By Hongman JIN Statistics Department.
Advertisements

The Asian century so far: China and India in recent Asian trade patterns Jayati Ghosh Presentation for IDEAs Conference on India and China in the World.
Questions addressed in the paper Why these questions Outward FDI from Asean Conclusions and implications.
Global Value Chain in East Asia Michitaka Nakatomi President Japan External Trade Organization(JETRO) 1.
Page 1 Bureau of Economic, Energy and Business AffairsU.S. Department of State Bureau of Economic, Energy and Business Affairs Promoting Free Trade in.
1 Key Figures 2005 on Science Technology and Innovation Wake-up Call for Knowledge Europe ! Commissioner Janez Potočnik Brussels - 19 July 2005.
Your key to successful business in China China’s Overview -Year 2005 Starmass International, Beijing, China.
Impact of economic restructuring Presentation to LegCo C&I Panel KC Kwok Government Economist 19 April, 2005.
Opening of the World Bank/NBRM Public Information Center Lilia Burunciuc December 16, 2010.
Bauhinia Foundation Research Centre Thought Leaders Forum Hong Kong’s Changing Roles under the National 12 th Five-year Plan “External Use of RMB”
MARCH, 2014 ECONOMIC OUTLOOK AND BUSINESS OPPORTUNITIES IN CHILE.
1 Hong Kong as the Preferred Platform for Doing Business in China Huen Wong President The Law Society of Hong Kong Prague, Czech Republic.
The New France In association with. 2 Who we are and what we do Head Quartered in Paris IFA operates worldwide with 28 offices in 19 countries A network.
Hong Kong: the premier gateway for business in Mainland China and Asia Miss Gloria Lo Director Hong Kong Economic and Trade Office 29 August Hong.
Economic growth in developing Asian countries
1 Area 6 of Rotary International District 3450 — “China & WTO - The Economic Synergy with Hong Kong” WTO and Capital Formation — Opportunities and Challenges.
Gus Franklyn-Bute Welcome to Hong Kong Hong Kong: The Gateway to China Hong Kong’s Role in Growing Your Business in Asia.
Hong Kong – a platform for business success. Safeguard : sound legal system, level playing field for all Universally acclaimed : among the best place.
Hong Kong's Economic Development and Transformation KC Kwok Government Economist 29 August 2007.
Hong Kong: Your business platform in Asia Miss Gloria Lo Director Hong Kong Economic and Trade Office 5 September Hong Kong Economic and Trade Office.
Topic 2: Hong Kong’s relationship with the mainland and its role in Asia-Pacific Rim SUB-THEME 1 GROWTH AND DEVELOPMENT OF HONG KONG Chapter 2 Development.
Asian Regionalism? ASEAN Northeast Asia. Outline Economic development –Flying geese, falling geese Economic interdependence ASEAN Northeast Asia.
1 FDI Confidence Index ® 2003 FDI Confidence Index ® The Global Business Policy Council Press Slides September 2003.
TAIWAN’S INTERNATIONAL ECONOMIC RELATIONS ECONOMIC INTEGRATION ACROSS THE TAIWAN STRAIT.
FDi Forum – Asia 2015 Greg So Secretary for Commerce and Economic Development The Government of the Hong Kong Special Administrative Region.
Investment in Philippines…. Economy of Philippines…. GDP of the Country:  In 2009: $320.4 billion  In 2008: $318.2 billion  In 2007: $306.6 billion.
Global outlook: Two-speed recovery in motion Real GDP Growth (percent change from a year earlier) World Emerging economies Advanced economies.
The Double Dip Recession in Asia Real GDP Growth (Annual Percent Change) (est.)2006 (est.)2007.
Trends and Evolution of Trade Patterns in East Asia Mona Haddad Regional Trade Coordinator East Asia Region, World Bank.
Hong Kong Trade Development Council Loretta Wan Regional Director Southeast Asia & India.
The Idea of “East Asian Economic Community” from Business Perspective
The Global Economic Environment
SE Asia: Brooke Perspectives. Key Demographics AsiaEurope (25 countries) USA 3.8 billion 455 million million 42.35m s.km 3.89m sk.m 9.16m s.km US$4,969.
Singapore as an International Financial Centre Ker Sin Tze Trade Representative Singapore Trade Office in Taipei At the 14 th Annual Conference on Pacific.
Indonesia and Global Economy Growth in Developed and Developing Countries Dr. Adrian Teja.
1United States11Korea 2Switzerland12Hong Kong 3Denmark14Taiwan 4Sweden21Malaysia 5Germany28Thailand 6Finland34China 7Singapore48India 8Japan54Indonesia.
The Rise of China & India. Rapid Economic Growth in China Economic Growth rates of 9.5% are expected to continue Economic Growth rates of 9.5% are expected.
Maximise your China business through a Hong Kong base
CDAE 272 International Economic Development Spring 2008.
Department of Foreign Affairs and Trade Relationships Weakening New Rules Increasing Competition New Finance Needed.
Henry Goodwin Partner, Taylor Vinters International Festival of Business Liverpool, 15 July 2014.
Japan’s FTAs/EPAs with APEC Economies Nobuhiko Sasaki Deputy Director-General APEC Senior Official METI Japan March 2006.
Chinese New Year Reception in Copenhagen
COUNTRY BRIEFING Thailand Greg Wallis, Senior Trade Commissioner Australian Embassy Bangkok June 2013.
The Global Economic Environment Global Marketing.
How does globalisation affect the EU?
Future Development of Asian Electronics Industry May 17, 2004 Japan Electronics & Information Technology Industries Association.
2009 SCoRP P Annual Survey of Companies in Hong Kong Representing Parent Companies Located outside Hong Kong 政 府 統 計 處政 府 統 計 處 Census and Statistics.
Peter Woo Chairman Hong Kong Trade Development Council A Tale of Three Cities – The Hong Kong Plus PRD Powerhouse.
2010 SCoRP P Annual Survey of Companies in Hong Kong Representing Parent Companies Located outside Hong Kong 政 府 統 計 處政 府 統 計 處 Census and Statistics.
ASEAN. History of ASEAN Association of Southeast Asian Nations Formed on 8 August 1967 by: ● Indonesia ● Malaysia ● Philippines ● Singapore ● Thailand.
HKCEC and ZZICEC One Country, Two Systems! AIPC Annual Conference 2008 Singapore, June 28 - July 2.
DOING BUSINESS IN ASIA Richard Cant, North American Director April 26 th, 2016 USPAACC BUSINESS LEADERSHIP SERIES.
WAN WADRINA WAN ABDUL WAHAB MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY MALAYSIA RCEP 1 IMPACT ON EAST ASIA INVESTMENT.
Third Asia KLEMS Conference August 2015 Structural Change and Productivity Growth in Asian Countries: Empirical Evidence and Singapore’s Experience.
DIVERSITY IN THE CONVERGENCE PROCESS OF ACCESSION COUNTRIES Urmas Varblane University of Tartu ASIAN CENTURY? – THE GROWING ROLE OF ASIA Urmas Varblane,
MINISTRY OF TRADE AND INDUSTRY SINGAPORE’S ECONOMIC PLANNING.
Videos throughout the notes  South Korea  Hong kong (first 5.
Welcome to the Hong Kong Forum! Peter Woo Chairman Hong Kong Trade Development Council.
Multinationals, China, Hong Kong and Competitiveness
R.Kannan Hinduja Group BIMTECH LMC series 27th November 2015
Global Manufacturing – India
GREETINGS from THE ASSOCIATION OF ELECTRONIC INDUSTRIES IN SINGAPORE
The Challenges to Hong Kong as an International Financial Center
Doing Business in Yangon 2018
LECTURER: JACK WU 吳文傑 Taiwan Economy LECTURER: JACK WU 吳文傑.
(Billions of U.S. Dollars)
Asian Regionalism? ASEAN Northeast Asia.
Taiwan Economic Development
APAC Population - at a glance
Presentation transcript:

Hong Kong –World's Freest Economy

Hong Kong – key economic data Population6.9 mn (mid-2005) Per capita GDP US$24,100 (2004) Nominal GDP US$166 billion (2004) Total trade in goodsUS$530 billion (2004) Total trade in servicesUS$84 billion (2004) Economic growth 7.3% (2005Q1-Q3) Consumer price inflation 1.0% (Jan-Oct 2005) Unemployment rate 5.3% (Aug-Oct 2005)

Hong Kong - a global trading hub Economic freedom and free trade are what make it possible for 6.9mn people to have a high standard of living in a small city with very little natural resources For decades, Hong Kong is at the forefront of globalization

“Big market, small government” Excellent infrastructure & flexible markets Good governance and regulatory framework Freedom of entry; open competition; level playing field Business leads, government facilitates Continuous economic restructuring

FDI Inflows of 10 Neighbouring Economies in Asia (US$billion) Mainland China (52.7)Mainland China (53.5)Mainland China (60.6) 2Hong Kong (9.7)Hong Kong (13.6)Hong Kong (34.0) 3Japan (9.2)Singapore (9.3)Singapore (16.1) 4Singapore (5.8)Japan (6.3)Japan (7.8) 5India (3.4)India (4.3)S.Korea (7.7) 6Malaysia (3.2)S.Korea (3.8)India (5.3) 7S.Korea (2.9)Malaysia (2.5)Malaysia (4.6) 8Philippines (1.8)Brunei (2.0)Taiwan (1.9) 9Taiwan (1.4)Thailand (1.9)Vietnam (1.6) 10Vietnam (1.2)Vietnam (1.5)Thailand (1.1) Sources: UN Conference on Trade and Development 2005

Latest Inward Investment Data World Investment Report 2005: Hong Kong - 2 nd largest recipient of FDI in Asia, 7 th in world *preliminary figures Sources: UN Conference on Trade and Development 2005 Census and Statistics Department Inflow of FDI in Hong Kong Year (Q1-Q2) Amounts (US$billion) *

Regional Operations in Hong Kong % Change (2004 – 2005) RHQs ROs LOs RHQs+ROs RHQs+ROs+LOs Source: Report on 2005 Annual Survey of Regional Offices Representing Overseas Companies in HK

3,798 Regional Operation Centres Source: Report on 2005 Annual Survey of Regional Offices Representing Overseas Companies in HK

Hong Kong - 10 Key Advantages Rule of law Unrivalled location Low and simple taxes World’s freest economy Clean government Free flow of information World class infrastructure Skilled workforce International lifestyle Gateway to the Mainland

Inward investment projects completed by Invest Hong Kong (Q1-Q3) No of projects: About 16% of the completed projects in first 9 months of 2005 involved Mainland investments. Investment projects completed by Invest Hong Kong

Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA) With the implementation of CEPA, Hong Kong's attractiveness to foreign investors was further strengthened. Out of the 204 investment projects completed by Invest Hong Kong in first 9 months of 2005, -30 companies said they invested because of CEPA -56 companies said it was a contributing factor