Where Business Goes to Grow - Asia-Pacific Economic...
Transcript of Where Business Goes to Grow - Asia-Pacific Economic...
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2015/IEG/WKSP/007 Session: 2
Where Business Goes to Grow
Submitted by: Hong Kong, China
Workshop on the Best Practice of the Sustainable Investment in APEC Region
Beijing, China9 February 2015
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Where BusinessGoes to Grow
Matt HUHead of Investment Promotion, North and Central China
Sharing Investment Promotion Best Practice
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• Spearhead HK’s efforts to attract and retain foreign direct investment
• Promote HK’s enduring advantages and status as a leading business hub in the region
• Assist companies with potential to contribute to HK’s economy to set up and expand in HK
• Provide aftercare support to the international business community in HK
• Work with policy bureaux and departments on issues of concern to investors to enhance Hong Kong’s competitiveness as a business-friendly location
Mission and Objectives2
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• Brings new employment opportunities, technologies, ideas, skills and in other spill-over effects
• Foreign companies increase level of competition and improve an economy’s overall competitiveness
• Hong Kong’s inward direct investment stock as ratio to GDP was 287% in 2000 and 527% in 2013(Source: HKSAR Government statistics)
• 19% of Hong Kong’s total workforce is employed by majority owned FDI companies(Source: The Foreign Affiliates Trade in Services Statistics – FATS 2010: June 2012, by C&SD)
Importance of Foreign Direct Investment3
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7,585 companies of which 3,784 are RHQs and ROs in 2014(Source: 2014 Annual survey, HKSAR Government’s Census & Statistics Department)
Prime Conduit for FDI
Rank FDI Inflows (2013) US$ bn FDI Outflows (2013) US$ bn
1 USA 188 USA 338
2 China 124 Japan 136
3 Russia 79 China 101
4 Hong Kong 77 Russia 95
5 Brazil 64 Hong Kong 92
6 Singapore 64 Switzerland 60
7 Canada 62 Germany 58
8 Australia 50 Canada 43
9 Spain 39 Netherlands 37
10 Mexico 38 Sweden 33
4
Source: World Investment Report 2014, UNCTAD
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3,440
Result Since Establishment5
37,500projects completed
jobs created
Up to Dec 2014…
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Priority Areas Covered by Eight Sector Teams
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Eight Sector Teams Six Growth Industries + Wine Four Traditional Pillar Industries
Creative Industries (CI) •Culture & Creative Industries
Consumer Products (CP) •Trading & Logistics (trading)
Transport & Industrial (T&I) •Trading & Logistics (logistics)
Tourism & Hospitality (T&H) •Wine Industry •Tourism
Financial Services (FS) •Financial Services
Innovation & Technology (I&T)•Environmental Industries•Medical Services
Information & Communications Technology (ICT)
Business & Professional Services (BPS)•Education Services•Testing & Certification Services
•Professional Services
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InvestHK’s Worldwide Network7
Investment Promotion Units in Hong Kong
Economic and Trade Offices香港經濟及貿易辦公室轄下的投資推廣小組
Consultants投資推廣署駐當地顧問
Wuhan 武漢
Mexico 墨西哥
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6,331
Investment Promotion –Reaching Out to Companies to Attract FDI
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Overseas/ Mainland Meetings
Prospects
757Live Projects
355Projects Completed 2014
(with 4,502 individual companies)
1,558
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Investment Promotion Events9
In 2014, InvestHK has hosted 53 events in the Mainland, Taiwan and overseas, with a total attendance of over 5,600 people.
Numbers ofevents
Number ofattendees
Mainland & Taiwan
26 3,300
Overseas 27 2,334
Total 53 5,634
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Markus KramerPresident, Dispersions and Pigments Division
(Global headquarters)
Global Operations in Hong Kong
John RiceVice Chairman(Global operations)
Jean-Pascal TricoireGlobal CEO
Jeff UrwinGlobal Head of
Investment Banking
Roland KrügerPresident
(Global headquarters)
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Christophe RousselInt’l Sourcing Director
Karen FiferGlobal Managing Partner,
Consumer Markets Practice
Emma SherrardMatthew
Global CEO
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How We Can Help
Networking events,introduction to service
providers
PR and marketing supportfor launch/expansion
Facilitation of visaapplications, schooling
Information to aidplanningand evaluation
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• Multi-national organisations: UNCTAD, World Bank, IEDC, fDi Magazine
International Recognition12
UNCTAD, Investment Promotion Award 2010
Rank Top IPIs at Inquiry-Handling
1 PRONicaragua (Nicaragua)
2Hungarian Investment and Trade Development Agency
3 Invest in Greece Agency
4 Invest in Finland
5 Cyprus Investment Promotion Agency
6 InvestHK
7 ABA-Invest in Austria
8 Invest in Sweden Agency
9 aicep Portugal Global
10 Invest in Denmark
Invest Hong Kong ranked TOP in Asia in World Bank Global Investment Promotion Best Practices 2012
IEDC Silver awards (corporate brochure)
fDI magazine - HK - Asia Pacific city 2013/14 overall winner
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• Multi-national organisations: UNCTAD and World Bank
• International chambers, trade commissions and IPAs (non-competing)
• MOFCOM, CCPIT, DOFTEC, BOFTEC, etc.
• Hong Kong Inc members: ETOs, HKTDC, HKTB and HKEx
• Private sector service providers: law firms, accounting firms, secretarial companies, etc.
Partnership Approach13
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Hong Kong: The Global Connector for Startups
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Startups vs SMEs15
Geographic outlook
Business model
Scalability
Economic benefit
Growth rate
Short-term objective
Global Local
Innovative solution with IP component
Traditional solution
High Limited
Potentially significant Incremental
Fast Gradual
- product to market asap
- secure next round funding
Profitability
Startups Traditional SMEs
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Leading Startup Hubs16
Established in 2000s 300,000 tech jobs
Ranked #5 Startup Hub
Established in 2000s382,000 tech jobs
Ranked #7 Startup Hub
Hub established in 80s5,000+ startups
Ranked #2 Startup Hub
Hub established in 60s1,423,491 tech jobs
Ranked #1 Startup Hub *
* All rankings are based on the Startup Genome Report
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Global Phenomenon17
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Burgeoning Co-work Spaces…18
>2,800 spaces
2010 2014
3
35
startup commune
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Collaborative and Innovative…19
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A Vibrant Community20
• and – Empowering Young Entrepreneurs
Programme
• and – Accelerator Support
Programme
• Open Data Hong Kong
• HK$500 million Social Innovation and Entrepreneurship
Development Fund (launched in 2013)
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Hong Kong Startup Ecosystem21
Number of startupssupported by InvestHK since 2010
77%
About startups
including incubatees located in
30%
1,065
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Hong Kong Startup Ecosystem22
<2 Years
Establishment
Full-time staff
≤5
in their 30s
Founders
53%
HK locals
40%
from Overseas, Mainland or Taiwan
7%
HK returnees
30%
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StartmeupHK Venture Forum 201423
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Get in Touch:www.investhk.gov.hk
24
HONG KONG
Tel: (852) 3107 1000
Email: [email protected]
Address:
25/F, Fairmont House
8 Cotton Tree Drive
Central, Hong Kong
InvestHK
www.linkedin.com/company/invest-hong-kong
www.youtube.com/user/investhk
www.flickr.com/photos/investhk
Matt HU
Mobile: 138 1027 5524
Email: [email protected]
Address:
71 Di’anmen Xidajie
Xicheng District
Beijing, China