1
Ms Erica Ng
Director-General, Hong Kong Economic and Trade Office, London
Latest Development of Hong Kong
under the New-...
2
Basic FactsBasic Facts
Location: At the southern tip
of China
Population: 7.1 million
Size: 1,100 sq. km
Three quart...
3
Chief Executive of the Hong KongChief Executive of the Hong Kong
Special Administrative RegionSpecial Administrative Regio...
5
Core Strengths of Hong KongCore Strengths of Hong Kong
under “One Country Two Systems”under “One Country Two Systems”
R...
6
7
Hong Kong’s AchievementsHong Kong’s Achievements
8
 Freest economy for 19 consecutive years
 Third largest recipient of ...
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 ...
10
Closer Economic Partnership Arrangement (CEPA)Closer Economic Partnership Arrangement (CEPA)
with Mainland Chinawith Ma...
Financial ServicesFinancial Services
11
Largest Renminbi offshore
business centre –
Over 90% of China’s RMB trade
settlem...
International Maritime CentreInternational Maritime Centre
12
International maritime
centre
Leading hub port in East
Asi...
Environmental ProtectionEnvironmental Protection
13
SEK 8.4 billion in subsidies to
phase out more than 80,000
old, pollu...
Infrastructure ProjectsInfrastructure Projects
14
Kai Tak Cruise Terminal
15
West Kowloon Cultural District
Hong Kong – Zhuhai – Macao Bridge
SEK 59 billion each year
on i...
West Kowloon Cultural DistrictWest Kowloon Cultural District
16
Sweden and Hong KongSweden and Hong Kong
17
Bilateral trade in 2012:
SEK 9.6 billion
Swedish companies in Hong Kong: IKE...
Support from Hong KongSupport from Hong Kong
18
 Official representative:
Hong Kong Economic and Trade Office, London
www...
Support from Hong KongSupport from Hong Kong
19
For technology and start-up companies:
Hong Kong Science and Technology P...
20
Royal Sweden Hong Kong Business Council
www.hongkong.se
Mr Björn Segerblom, bjorn@segerblom.net
Swedish Chamber of Co...
Quality of LifeQuality of Life
Green Hong KongGreen Hong Kong
23
Thank you and see you in Hong Kong!Thank you and see you in Hong Kong!
24
Ms Erica Ng
Director-General, Hong Kong Economic and Trade Office, London
Latest Development of Hong Kong
under the New...
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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

    1. 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. 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. 3
    4. 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. 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. 6
    7. 7. 7
    8. 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. 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. 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. 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. 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. 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. 14. Infrastructure ProjectsInfrastructure Projects 14
    15. 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. 16. West Kowloon Cultural DistrictWest Kowloon Cultural District 16
    17. 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. 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. 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. 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. 21. Quality of LifeQuality of Life
    22. 22. Green Hong KongGreen Hong Kong
    23. 23. 23 Thank you and see you in Hong Kong!Thank you and see you in Hong Kong!
    24. 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

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