Business

Hong Kong 3rd globally in FDI flows: Carrie Lam

It comes behind United States, mainland China

Updated 5 years ago · Published on 06 Oct 2021 11:59PM

Hong Kong 3rd globally in FDI flows: Carrie Lam
Chief executive Carrie Lam says today that Hong Kong is a free, open and diversified economy, and a metropolis that attracts talents, organisations and enterprises of different scales from all over the world. – AFP pic, October 6, 2021

HONG KONG – Hong Kong is ranked third in the world in terms of foreign direct investment (FDI) inflows last year, after the United States and the Chinese mainland, said its chief executive Carrie Lam today.

“Hong Kong is a free, open and diversified economy, and a metropolis that attracts talents, organisations and enterprises of different scales from all over the world,” Lam said when delivering the annual policy address at a legislative council meeting, according to Xinhua news agency.

A survey has shown the numbers of business operations in Hong Kong with parent companies overseas or in the mainland and of start-ups here reach all-time highs of 9,049 and 3,755 respectively this year, she said.

Attaching great importance to the business environment, the Hong Kong government has been maintaining communication with local and foreign chambers of commerce and addressing their concerns, Lam added.

The 2021 policy address, the fifth of its kind since Lam took office in 2017, focuses on bolstering Hong Kong’s economy, tackling an entrenched housing shortage and prompting Hong Kong to better integrate into the national development. – Bernama, October 6, 2021

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