The number of business operations in Hong Kong with parent companies overseas
and in Mainland China has grown by an annual 2.7 percent to 7,449, with firms with Japanese parent companies leading the way.
2013 Annual Survey of Companies, released by Invest Hong Kong and the Census and
Statistics Department, noted that Japan topped the
survey with 1,389 companies in Hong Kong, an annual gain of 14 percent, and
that two others in the top five were the Mainland and Taiwan. The number of businesses
with parent companies located in Asia grew 7.8 percent to reach 3,461.
The Director-General of Investment Promotion Simon Galpin said the survey's
findings showed Hong Kong's robustness, particularly in the eyes of its regional neighbors.
"Japan has become the number one source of foreign companies that are
based here and has overtaken the United States for the first time since 2001,"
Galpin continued. "We are seeing Japanese companies in a wide variety of
sectors, in transportation and logistics. A very strong number are in food-related
It was added that the survey found "Hong Kong's simple tax system and
low tax rate, free flow of information, geographical location, free port status,
rule of law, and independent judiciary as influential factors in companies'
choosing to open headquarters."
Tags: Investment | Business | Foreign Direct Investment (FDI) | Food | Corporate Headquarters | Hong Kong | Japan | Expats