HKong attracts up to 250 overseas and mainland companies into the territory

HONG KONG: Hong Kong has surpassed its halfway mark to attract up to 250 overseas and mainland companies into the territory.

As at June, 148 companies have set up shop in the city this year, in sectors like financial services, transportation and technology.

Last year, a record 253 companies invested more than US$1 billion.

Hong Kong’s Chief Executive Donald Tsang highlighted two distinct trends emerging.

He said leading multinationals have begun to move their worldwide operations to Hong Kong, relocating senior executives to fulfil similar roles of counterparts in New York and London.

He also noted that Hong Kong is increasingly becoming a springboard for mainland companies to go global.

Mr Tsang said: “Just six years ago, Invest Hong Kong did not have any mainland clients. In the first six months of this year, mainland companies accounted for almost 20 per cent of our completed investment projects.”

Ivan: If Malaysia Boleh, the government should achieve at least something similar. Rakyat survival is utmost, not the amount of money in your pocket!!