Post on 24-May-2020
Business Opportunities
in Hong Kong
Paula Kant
Head, Investment Promotion
YOUR!
Athens, 14th of March 2017
The three topics of today
1. InvestHK: Who we are and What we do
2. HK: ideal place in Asia for biz
3. How can InvestHK help you?
1. HK: ideal place in Asia for business
2. How can HKTDC and InvestHK help you do business?
3. Spotlight on 2 sectors: F&B and Fintech
HK: Gateway to China, and Asia Biz-hub
1) Geographic location– 5 hrs plane ride to half the world’s population
– Proximity to Pearl River Delta (PRD), population: 64 M
2) Business friendly environment, low taxation
and a trusted legal system
3) Rigorous IP protection
4) Social media from mainland and overseas
5) World-class universities and talent
6) Fundraising:
– Top 5 stock exchange for IPOs
– 142,000 High Networth Individuals
BUSINESS-TO-
CONSUMER
5.1Min Asia Pacific
142,000 HNWIs in HK,
up 281% (2009-2015)
42.8Mfrom Mainland
56.6 million visitors
in 2016
84%of the world’s
leading luxury and
fashion retailers
are in HK
US$63bnsales
600people
One restaurant every
BURGEONING STARTUP
ECOSYSTEM
Funding SupportNumber of Co-work Spaces /
Incubators / Accelerators
2010
2016
48
3
Number of Startups in 2016
24%
1,926
from 2015
Source: Startup Profiling Survey, InvestHK, 2015
What can HKTDC and InvestHK offer you?
Creating opportunities for
international trade.
Assist companies with potential to
contribute to HK’s economy to set
up a company and expand in HK.
Hong Kong Trade Development Council.
Invest Hong Kong
7
HOW HKTDC CAN HELP
A Hong Kong statutory body established in 1966
Helps international businesses explore opportunities in and through Hong Kong
Promotes Hong Kong as Asia’s business platform and services hub
More than 40 offices globally, including 13 on the Chinese mainland
Assists international companies and investors to explore and enter new markets on the Chinese mainland and throughout Asia
Facilitates Chinese outbound investment in both mature and emerging markets
Connects businesses worldwide with Hong Kong partners, including product suppliers and services providers
Provides market intelligenceTel: (852) 1830 668
Email: hktdc@hktdc.org
www.hktdc.com
https://www.linkedin.com/company/hong-kong-trade-development-council
@hktdc
San Francisco
Mexico City
Bogotá
Toronto
New York
London
Brussels
Paris
Berlin
Milan
Istanbul
Jerusalem
Dubai
Moscow
Gothenburg
Mumbai
Chengdu
Bangkok
Seoul
Wuhan
Guangzhou
Shanghai
Osaka
Tokyo
Beijing 1
Taipei2
Kuala LumpurSingapore
Rio de Janeiro
Sydney
Hong Kong
Investment Promotion Units inHong Kong Economic and Trade Offices
Consultants
Note:1 Beijing Office2 Hong Kong Economic, Trade and Cultural Office (Taiwan)
Office locations are subject to change. For the latest version, please refer to InvestHK’s website.
INVESTHK’S WORLDWIDE
NETWORK
• InvestHK Overseas: 30 country offices
• InvestHK HQ: 9 sector teams
• InvestHK’s services are free!
PRIORITY AREAS COVERED BY NINE SECTOR TEAMS
Nine Sector Teams Priority Sub-sectorsFour Traditional Pillar
Industries
Business & Professional Services (BPS)
• Education •Professional services
Creative Industries (CI) • Digital marketing
Consumer Products (CP) • E-retail •Trading & logistics
(trading)
Financial Services (FS) • Asset management •Financial services
Financial Technology (FinTech)
Innovation & Technology (I&T) • Internet of Things (IoT)
Information & Communications Technology (ICT)
• Fintech
Transport & Industrial (T&I) • Maritime•Trading & logistics
(logistics)
Tourism & Hospitality (T&H) • Food trading •Tourism
HOW WE CAN HELP
Expansion
Launch
Planning
Set up
Everything you can do before actually going to HK,….get in touch
with InvestHK re. sector-specific opportunities, tax and business
regulations, relevant meetings in HK, visit programme, etc.
Facilitating the actual set up of your business in HK,…advice re.
service providers: accountants, lawyers, recruitment firms, real
estate agents, etc.
Helping to make your launch a success: PR events, press
releases, featuring your company in the bimonthly InvestHK
Newsletter, etc.
• Even when you are up and running, InvestHK is still there
when you need us
5 STEPS to set up in Hong Kong
1) Select Company Type and Company Name
2) Register and Incorporate a Company- Shareholders can be foreigners, company secretary must be HK resident
3) Open a bank account
4) Choose a business premises
5) Immigration and Visas
,…………………InvestHK can help every step of the way!
Success story:
Diamanti per Tutti
• Unique jewellery designs, 18K gold plated sterling
silver, hand-set with real diamonds
• From Antwerp, with shops all around Europe
• HK office is regional HQ for Asia
• Why HK? Cosmopolitan culture, and Asia’s
centre for diamand and jewellery trade
• DPT explored various retail models; pop-up shop,
next step 2015: shop in PMQ, 2 permanent retail
locations in HK. 3 new shops opened in 2016!
• InvestHK helped with:
- Company set-up
- Info re. government regulations, latest HK
retail trends, additional perspectives for
growing the business.
Success story: MosquitNo
Mosquito repellent
• Insect repellent using nano
technology + R3535 active
ingredient (no DEET)
• Clothes and homes mosquito-free
for up to 3 months
• HK office is regional hub for all
business in Asia
• Important potential in Asia in view
of threat of Dengue fever
• InvestHK helped with:- Company set-up
- Marketing & PR; “Marketing Pitch”,
major event where InvestHK invites
journalists
Success story 2016: GreenPeak
Technologies
• A world leading Internet of Things
and Smart Home technology
system provider.
• GreenPeak is based in Utrecht, The
Netherlands and has offices in
Belgium, France, Korea, Japan,
Hong Kong, China, India and USA.
• Why office in HK Science &
Technology Park? commits to the
Chinese Smart Home market to
support large service providers
• InvestHK helped with:- Company set-up
- Intro and contacts with HKSTP which
wants to attract cutting edge companies
Sector in the spotlight: F&B
F&B RETAIL
SALES
RESTAURANT
SALES
REAL GDP
FORECAST
POPULATION
FORECAST
F&B IMPORT
40% 37%
24%
3%p.a. 0.8%p.a.
2010-2015 2010-2015
2010-2015
2017-2020 2011-2021
DEMAND FOR F&B IS
TREMENDOUS
Source: Census and Statistics Department Photo credit: Hong Kong Tourism Board
GREAT VARIETY OF
IMPORTED FOOD
Source: Census and
Statistics Department
Food
Imports
US$27.1bn
Others (US$1.6bn)
8%
Sugars (US$0.4bn)
2%Feeding Stuff for Animals
(US$0.1bn)
1%Meat (US$6.1bn)
29%Vegetables and Fruits (US$4.9bn)
23%Seafood (US$3.5bn)
17%
Dairy Products and Eggs (US$2bn)
9%
Cereals (US$1.1bn)
5%
Coffee, Tea, Cocoa (US$0.6bn)
3%Live Animals (US$0.6bn)
3%
39%2010-2015
Imports of major
food items are
skyrocketing
28%2010-2015
58%2010-2015
17%2010-2015
124%2010-2015
Live Animals and Meat Vegetables and Fruits Seafood Dairy Products and Eggs
Ageing population in HK that 1/3 of population will be
aged 60+ in 2040
Government promotes healthy eating and less
wasteful habit
Consumers continue to eat out but consume more
plant-based and healthier food
Foodservices emphasize on using fresh, quality and
natural if not organic ingredients
Importance of traceability from “farm to fork”
Selective eaters on the rise e.g. vegan, dairy free, nuts
free, gluten free etc
Green concerns centre on self and family- consume
sustainable produce and use recyclable products
Growing emphasis on Halal-certified
OPPORTUNITIES AND TRENDSHEALTHY FOOD AND SUPERFOOD
FACTORS SUPPORTING
F&B GROWTH
Source: CBRE Research, Q3 2016
F&B SECTOR EVENTS –
To target
traditional
food trading
prospects
To target
healthy
and
superfood
trading
prospects
To target
restaurant and
food startup by
food
entrepreneurs
workshops &
awards eventsYEAR
2017
8 – 11 MAY Date TBC - JUN 30 AUG – 1 SSEP Date TBC - SEP
InvestHK
Reception
2017
MARKETING RESOURCES
AVAILABLE TO INVESTORS
1. Tourism & Hospitality
Monthly Newsletter
2. Sector Flyers x 8- Food Trading and Distribution
- Foodservice Companies
- Wine
- Beauty & Wellness Services
- Cruise
- Hotel Operators
- MICE
- Travel Service Companies
http://www.investhk.gov.hk/publications-resources.html
3. Case Study Booklet
4. Euromonitor Market Research Report
Sector in the spotlight: Fintech
Asia’s Largest Financial Center and Gateway to China
Hong Kong
Global Fintech hubs
24
Source: Global Fintech Hub overview, Connecting Global Fintech: Hub Review 2016, Deloitte
17.6%of
HKG GDP
6%of HK
workforce
12%export
Fundamentals of Financial Services
in HK economy.
Fundamentals
• China Global Financial
Center leading in Asia
• Fast growing FinTech Hub
with major growth stage
Fintech.
• 75 of World's Largest 100
Banks in HK
• #1 Asset Management hub
in Asia. USD2.19Tr in 2015
• Offshore RMB CenterRMB22Tr transaction settled in 2015
• China In / Outbound Gateway
• Financial Services
Renovation
+ Innovation
• Mature & Stable Regulations
• Smart City Initiatives
• CEPA Regional Trade
Agreement
• Regional Connectivity
• One Belt One Road initiatives
Government Initiatives
• FinTech in Hong Kong is private sector led
• Government supports the sector via :
• FSTB Fintech Coordination Group and initiatives
• InvestHK / SFC / HKMA / IA / CyberPort / Science Park / ASTRI
FinTech Contact Points – Poles of excellence
• FinTech Week + Fintech Finals networking events Series
• FinTech R&D funding schemes / FinTech Labs
FinTech Sector Priorities
Cyber Security
RegTech
WealthTech
BlockChain
InsurTech
GET IN TOUCH
Tel: (32) 473 97 81 96
www.investhk.gov.hk
Email: paula_kant@hongkong-eu.org
Hong Kong Economic & Trade Office
Brussels
Rue d'Arlon 118
B-1040 Brussels
BELGIUM
www.flickr.com/photos/investhk
www.linkedin.com/company/invest-hong-kong
#InvestHK
www.youtube.com/user/investhk
https://be.linkedin.com/in/paulakant
THANK YOU!
Zhaoqing Foshan
Guangzhou
Dongguan
Huizhou
ShenzhenZhongshan
Jiangmen
Zhuhai
Macau
GREATER PEARL
RIVER DELTA
POPULATION
64mn
>UK, Italy, South Africa
EXPORTS
US$527bn
>UK, Italy
GDP
US$962bn
>Indonesia, Netherlands, Turkey
LAND AREA
56,000km2
<Ireland, Latvia, Panama,
West Virginia (US)
Hong Kong
XRL – Express Rail Link
XRL
HZMB
HZMB – Hong Kong-Zhuhai-Macao Bridge
Creating opportunities in international trade
Hong Kong TradeDevelopment Council
Providing Information
MatchingBusinessPartners
Connecting Customers
33
HKTDC: Global Network
46 offices worldwide
Beijing
Hong Kong
TokyoNew York
Bangkok
Dubai
London
Frankfurt
Sydney
L.A.
Chicago
Kuala Lumpur
Jakarta
Singapore
Ho Chi Minh City
28 along the Belt and Road, including
13 on Chinese mainland, 5 in ASEAN
Seoul
PRIME CONDUIT FOR FDI
Rank FDI Inflows (2015) US$ bn
1 USA 380
2 Hong Kong 175
3 China 136
4 Ireland 101
5 Netherlands 73
6 Switzerland 69
7 Singapore 65
8 Brazil 65
9 Canada 49
10 India 44
ALL TIME HIGH –
7,904 companies of which
3,798 are RHQs and ROs in
2015
Source: 2015 Annual survey, HKSAR
Government’s Census & Statistics Department
Source: World Investment Report 2016, UNCTAD
* Up from 103 US$ bn in 2014!
*
Fintech: A Definition
Fintech:Financial technology, also known as FinTech, is an industry composed of companies that use new technology and innovation to leverage available resources in order to compete in the marketplace of traditional financial institutions and intermediaries in the delivery of financial services.
FinTech refers to new applications, processes, products or business models in the financial services industry.
35
Jul 14
First FinTechAccelerator
Sept 14
SecondFinTechAccelerator
Nov 14
StartmeUpHong Kong FinTech Day
Feb 15
GovernmentBudget Speech
Apr 15
FSTB paperFintech Liaison Offices
Fintech Journey
2014 2016-2017
2016HKMASandbox
SVFLicenses
SFC - NON face-to-face account
opening
HK Fintech week
Cyberport 4000m2 Fintech space
2017Policy Address : Fintech initiatives
Lok Ma Chau loop innovation node.
Growth
130+
FinTech
Start-ups
200+
FinTech Events
Leading
RegTech research
4
liaison offices
2
FinTech
Poles of excellence
Numerous FinTech successes & business milestones
SVF / Non face to face onboarding / SandBox / R&D labs
3
FinTech
Accelerators
Big 4 consulting
FinTech
leadership in HK
Research centers
Innovations labs
Growing
FinTech university
Programs
Services of InvestHK
Free & confidential services :
1. Bank accounts -Working visas - Office space -Schooling
2. Introduction to regulators : SFC, HKMA, Insurance Authorities
3. Introductions to HK innovation centers :
ASTRI / Cyberport / Science Park /LokMa ChauLoop
4. Networking opportunities
5. Business introductions
6. Government support schemes guidance
Government Supports examples :
• Tech vouchers Scheme: HKD 200,000 for SMEs to upgrade their business
• Internships Scheme : Employ a local graduate and receive up to HKD16K/month for
maximum 2 years to support your R&D efforts.
• R&D : Up to HKD 10,000,000 support by HK government for R&D projects
• Investment : HKD 5 billion fund for co-investing in start-ups
• Talents : Training financial services professionals - HKD7,000 per year per head
• Innovations : HKMA sandbox with banks, R&D supports
Hong Kong FinTech Week 2016
• 7 – 11 Nov 2016
• 2,500+ participants
• 100+ speakers
• 170+ media coverages
Hong Kong FinTech Week 2016
Pencil down your agenda :
Next FinTech week > October 2017
FinTech Finals 2017
18-19 January 2017, Hong Kong, PMQ
• 1,000 Attendees
• 200 CEOs & Founders
• 50 Nationalities
• 24 Live Start-ups Pitches
FF17 FINALISTS selected through
semi-finals in :
Sydney / Kuala Lumpur / Sao Paulo /
Shanghai / Singapore / Bangalore /
Melbourne / Seoul / Tokyo / Mumbai / NYC
http://ff17.nextmoney.org