Hong Kong has a population of 7.1 million within an area of 1,100 square kilometers. It has a strong economy as the 3rd largest recipient of foreign direct investment and a per capita GDP of $36,550 in 2012. Under the "One Country, Two Systems" principle, Hong Kong maintains its own economic and legal systems separate from China, including a common law jurisdiction, simple tax system, and level playing field for businesses. The new Chief Executive, Mr. C Y Leung, oversees continued economic growth, infrastructure projects, and environmental protection initiatives. Opportunities for Swedish companies exist in Hong Kong's financial services, ports, and through the Closer Economic Partnership Arrangement providing access to China.

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

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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”

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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

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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

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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

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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

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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
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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
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 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

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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

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Thank you and see you in Hong Kong!Thank you and see you in Hong Kong!

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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