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Latest Development of Hong Kong Under the New Term Government

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Latest Development of Hong Kong Under the New Term Government

Latest Development of Hong Kong Under the New Term Government


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  • 23/08/13
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  • Transcript

    • 1. 1 Ms Erica Ng Director-General, Hong Kong Economic and Trade Office, London Latest Development of Hong Kong under the New-term Government 21 August 2013
    • 2. 2 Basic FactsBasic Facts Location: At the southern tip of China Population: 7.1 million Size: 1,100 sq. km Three quarters is countryside Returned to China in 1997 “One Country Two Systems”
    • 3. 3
    • 4. Chief Executive of the Hong KongChief Executive of the Hong Kong Special Administrative RegionSpecial Administrative Region – Mr C Y Leung– Mr C Y Leung
    • 5. 5 Core Strengths of Hong KongCore Strengths of Hong Kong under “One Country Two Systems”under “One Country Two Systems” Rule of law – Common law jurisdiction Simple and low taxes - Profits tax: 16.5% No VAT No capital gains tax Level-playing field for all businesses Separate immigration regime – No visa requirements for Swedish visitors Freedom of speech Clean government Excellent connections with China and Asia
    • 6. 6
    • 7. 7
    • 8. Hong Kong’s AchievementsHong Kong’s Achievements 8  Freest economy for 19 consecutive years  Third largest recipient of FDI in the world  GDP growth in 2012: 1.4%  GDP growth in first half of 2013: 3.1%  GDP growth forecast for 2013: 2.5% - 3.5%  Per capita GDP in 2012: USD 36,550  Unemployment rate in 2012: 3.3%  Major international financial, trading, business and logistics centre  Ideal gateway to enter China and Asia
    • 9. 9 TradeTrade Value of Hong Kong’s imports in 2012: USD 501 billion, or 1.9 times of Hong Kong’s GDP Imports from Sweden in 2012: USD 479 million, mainly measuring and checking instruments, chemical products, and telecommunications equipment
    • 10. 10 Closer Economic Partnership Arrangement (CEPA)Closer Economic Partnership Arrangement (CEPA) with Mainland Chinawith Mainland China Free trade agreement with Mainland China Tariff-free access to Chinese market for Swedish companies established in Hong Kong Entry to services sectors in Mainland China New Hong Kong Economic and Trade Office in Wuhan
    • 11. Financial ServicesFinancial Services 11 Largest Renminbi offshore business centre – Over 90% of China’s RMB trade settlement handled by banks in Hong Kong 2nd largest asset management centre in Asia 6th largest stock exchange in the world, 2nd largest in Asia 70 out of top 100 global banks present in Hong Kong
    • 12. International Maritime CentreInternational Maritime Centre 12 International maritime centre Leading hub port in East Asia Third largest container port in the world (23 million TEUs in 2012) Superb airport and efficient land boundary crossings and transport facilities
    • 13. Environmental ProtectionEnvironmental Protection 13 SEK 8.4 billion in subsidies to phase out more than 80,000 old, polluting diesel commercial vehicles in Hong Kong SEK 420 million to build electrical and electronic recycling facilities as well as five community recycling centres Organic waste treatment facility
    • 14. Infrastructure ProjectsInfrastructure Projects 14
    • 15. Kai Tak Cruise Terminal 15 West Kowloon Cultural District Hong Kong – Zhuhai – Macao Bridge SEK 59 billion each year on infrastructure projects in Hong Kong
    • 16. West Kowloon Cultural DistrictWest Kowloon Cultural District 16
    • 17. Sweden and Hong KongSweden and Hong Kong 17 Bilateral trade in 2012: SEK 9.6 billion Swedish companies in Hong Kong: IKEA, H&M, Volvo, Scania, SEB, Electrolux etc Stockholm’s underground train system run by a Hong Kong company, MTR High-level visits between Hong Kong and Sweden Sustainability Charter between Hong Kong and Malmö in 2011
    • 18. Support from Hong KongSupport from Hong Kong 18  Official representative: Hong Kong Economic and Trade Office, London www.hketolondon.gov.hk Ms Erica Ng, erica_ng@hketolondon.gov.hk Mr Dennis Ching, dennis_ching@hketolondon.gov.hk  Trade support, business matching: Hong Kong Trade Development Council www.hkdc.com Ms Madelene Kornfehl, madelene.kornfehl@hk-sweden.org  Setting up business in Hong Kong: Invest Hong Kong www.investhk.gov.hk Mr Mats Gerlam, mgerlam@investhk.com.hk
    • 19. Support from Hong KongSupport from Hong Kong 19 For technology and start-up companies: Hong Kong Science and Technology Park www.hkstp.org Mr Björn Segerblom, bjorn@segerblom.net For visitors: Hong Kong Tourism Board www.discoverhongkong.com Ms Dawn Page, dawn.page@hktb.com
    • 20. 20 Royal Sweden Hong Kong Business Council www.hongkong.se Mr Björn Segerblom, bjorn@segerblom.net Swedish Chamber of Commerce in Hong Kong www.swedcham.com.hk Ms Eva Karlberg, chamber@swedcham.com.hk Support from Hong KongSupport from Hong Kong
    • 21. Quality of LifeQuality of Life
    • 22. Green Hong KongGreen Hong Kong
    • 23. 23 Thank you and see you in Hong Kong!Thank you and see you in Hong Kong!
    • 24. 24 Ms Erica Ng Director-General, Hong Kong Economic and Trade Office, London Latest Development of Hong Kong under the New-term Government 21 August 2013