Record mainland entities set up in HK
Print Edition
INVEST Hong Kong, a government-backed investment promotion agency, helped a record number of mainland companies set up in Hong Kong last year despite some political tensions, Simon Galpin, its director general, said yesterday in Shanghai.
“Altogether 75 companies from the mainland established their branches in Hong Kong with our help... it is the biggest source among the 355 companies set up in the city last year, which created another record,” Galpin said at a seminar that encourages Chinese companies to access overseas markets through the city.
Last year, political tensions including the Occupy Central demonstrations and protests against mainland shoppers in Hong Kong malls deterred mainland visitors.
But Galpin said investment did not leave Hong Kong which expects another record as the positive momentum continues.
“Foreign companies choose Hong Kong because it is a mature market that offers many opportunities,” Galpin said. “Mainland companies see Hong Kong as a springboard to connect with the global market,” he added.
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