campus recruitment talk hkust (11.09.2002)
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Campus Recruitment TalkHKUST (11.09.2002)
Promotion of Inward InvestmentPresentation by the Director-General of Investment Promotion
Title Page
Vision & Mission of InvestHK
VisionTo confirm and strengthen Hong Kong as
the leading international business location in
Asia.
MissionTo attract to and retain in Hong Kong
economically and strategically important investment.
Mode of Operation
ReactiveProactive
Aftercare
InvestHK External Presence
Sydney
Shanghai
LondonToronto
San Francisco
New York
Brussels
HONG KONG
Beijing
YESWECAN
Guangzhou
Tokyo
Marketing Activities
• Sponsorship of Major Business ConferencesFortune Global Forum 2001Forbes Global CEO Conference 2002
• Sponsorship of International Sporting EventsBT Global ChallengeHong Kong Rugby 7s
• Membership of International Chambers of Commerce
Foreign Direct Investment (FDI) Inflow in Asia (in billion US dollars)
Source: UNCTAD World Investment Report 2002
1996 1997 1998 1999 2000 2001
1 Mainland China40.2
Mainland China44.2
Mainland China43.8
Mainland China40.3
Hong Kong61.9
Mainland China46.8
2 Hong Kong10.5
Hong Kong11.4
Hong Kong14.8
Hong Kong24.6
Mainland China40.8
Hong Kong22.8
3 Singapore8.6
Singapore10.7
Singapore6.4
Japan12.7
S. Korea9.3
Singapore8.6
4 Malaysia7.3
Malaysia6.3
S. Korea5.4
Singapore11.8
Japan8.3
Japan6.2
5 Indonesia6.2
Indonesia4.7
Thailand5.1
S. Korea9.3
Singapore5.4
Taiwan4.1
6 Thailand2.3
Thailand3.6
Japan3.2
Malaysia3.9
Taiwan4.9
Thailand3.8
7 S. Korea2.3
Japan3.2
Malaysia2.7
Thailand3.6
Malaysia3.8
S. Korea3.2
8 Taiwan1.9
S. Korea2.8
Philippines1.8
Taiwan2.9
Thailand2.8
Philippines1.8
9 Philippines1.5
Taiwan2.2
Taiwan0.2
Philippines0.6
Philippines1.2
Malaysia0.6
10 Japan0.2
Philippines1.2
Indonesia-0.3
Indonesia-2.7
Indonesia-4.5
Indonesia-3.3
Exceptional
X-border transaction
Foreign Investment Attracted
508
1680 1577 1554
0
500
1000
1500
2000
Jul-Dec 2000 Jan-Jun 2001 Jul-Dec 2001 Jan-Jun 2002
Investment Amount
($HK million)
Regional Headquarters and Regional Offices in Hong Kong
1650
840
2146
855
2293
944
0
500
1000
1500
2000
2500
3000
3500
1999 2000 2001
RHQ
RO
Slight drop in 2002 Mainly Japanese firms(mainly closing NOT moving out)
Strengths of Hong Kong
Tax system Rule of law and legal framework Convertible currency, absence of
foreign exchange controls Free flow of information World class infrastructure
Aspects to be Improved
High cost of business and residential premises
High cost and availability of qualified personnel
Low standard of English and declining use
Environmental pollutionDifficulty of bringing in key Mainland
personnel
Certainty
Consistency
Clarity
Creditabilit
y
4Cs
MGC’S Re-collection & MGC’S Re-collection & SharingSharingThe HKSAR Govt
Community AttitudePhilips/Gold Star JV -
its headquarters in HK
Why choose HK -->
MGC’S Re-collection & MGC’S Re-collection & SharingSharing
after Intensive due after Intensive due intelligenceintelligence
• Space Program• Heavy military base• Large bunch of hi-tech graduates
MGC’S Re-collection & MGC’S Re-collection & SharingSharing
Critical Hi-tech Success Factors :
•Regional base for Pacific Region
•National level - compete with Beijing & Shanghai
•Sub-regional - PRD (HK is Complementary)
MGC’S Re-collection & MGC’S Re-collection & SharingSharing
What HK could offer to MNCs
walking with walking with a a swaggerswagger
5 Key Criteria in becoming a Financial Institute • Fully convertible currency
• No restriction in flow of capital
• Legal system built on international acceptable principle
• FREE flow of information
• The Gov’t does not own any part of the banking community
MGC’S Re-collection & MGC’S Re-collection & SharingSharing
Vocational Training CouncilTransport Logistics Symposium(24 October 2002)
Mainland Economy: An Overview
Overall size of US$1.2 trillion, growing at an Overall size of US$1.2 trillion, growing at an annual average of 7.8% over past 5 yearsannual average of 7.8% over past 5 years
Growth in 2001 was 7.3%Growth in 2001 was 7.3%
Target growth for the 10Target growth for the 10thth “Five-year Plan” “Five-year Plan” (2001-2005) is 7%, reaching US$1.5 trillion by (2001-2005) is 7%, reaching US$1.5 trillion by 2005 or 29% of Japan’s projected GDP for 2005 or 29% of Japan’s projected GDP for that yearthat year
Future growth factors: rising domestic Future growth factors: rising domestic demand, “Western Development” and demand, “Western Development” and accession to WTOaccession to WTO
Pearl River Delta (PRD) in Focus
Includes most vibrant Mainland cities Includes most vibrant Mainland cities such as Guangzhou, Shenzhen, Zhuhai, such as Guangzhou, Shenzhen, Zhuhai, Dongguan, Zhongshan, Huizhou and Dongguan, Zhongshan, Huizhou and Zhaoqing in addition to Hong Kong Zhaoqing in addition to Hong Kong SAR and Macau SARSAR and Macau SAR
Covers an area of 42,821 sq. km, or Covers an area of 42,821 sq. km, or one-fourth of Guangdongone-fourth of Guangdong
A population of 47.87 million, with GDP A population of 47.87 million, with GDP at US$258 billionat US$258 billion
Economic growth at an average of Economic growth at an average of 6.8% for the past 5 years6.8% for the past 5 years
GDP of Major cities in PRD in 2001
3,2613,2614,3804,380Zhongshan Zhongshan 中山中山3,5413,5414,4294,429Zhuhai Zhuhai 珠海珠海4,5644,5646,9946,994Dongguan Dongguan 東莞東莞1,9521,9527,4327,432Jiangmen Jiangmen 江門江門3,8633,86312,90812,908Foshan Foshan 佛山佛山5,2385,23823,61523,615Shenzhen Shenzhen 深圳深圳4,5924,59232,44832,448Guangzhou Guangzhou 廣州廣州14,28114,2816,2026,202Macau SAR Macau SAR 澳門澳門24,38324,383163,974163,974HKSAR HKSAR 香港香港
GDP per capitaGDP per capita
(US$)(US$)GDPGDP
(US$ million)(US$ million)
Strengths of PRD
Manufacturing capabilityManufacturing capability
Technology baseTechnology base
Universities and research Universities and research institutions institutions
Services industries Services industries
International financial services International financial services (Hong Kong SAR)(Hong Kong SAR)
Recreational facilities (Macau SAR)Recreational facilities (Macau SAR)
Hong Kong:A Natural Partner for PRD
Already Guangdong’s largest Already Guangdong’s largest trading partnertrading partner
World class infrastructure World class infrastructure (physical and information)(physical and information)
Business “know-how” and Business “know-how” and international connectionsinternational connections
Well-established legal systemsWell-established legal systems
Hong Kong Port’s World Ranking in Containerised Cargo Throughput (2001)
0.0
2.04.0
6.08.0
10.0
12.014.0
16.018.0
20.0H
on
g K
on
g
Sin
ga
po
re
Bu
san
Ka
oh
siu
ng
Sh
an
gh
ai
Ro
tter
da
m
Lo
s A
ng
eles
Sh
enzh
en
Ha
mb
urg
Lo
ng
Bea
ch
Mil
lion
TE
U
World Top 10 Container PortsWorld Top 10 Container Ports
Source: Containerisation International
Major Ports within PRD
Ports Container Throughput in 2001(million TEU)
Hong Kong 17.83
Shenzhen 5.10
Guangzhou 1.72
Zhongshan 0.47
Zhuhai 0.33
Jiangmen 0.16
Container Throughput ComparisonContainer Throughput Comparisonof Hong Kong and Major Portsof Hong Kong and Major Ports
in Guangdong/PRDin Guangdong/PRD
Sharpening Our Competitive Edge in Maritime Transport Port cargo growth following Mainland Port cargo growth following Mainland
China’s accession to WTOChina’s accession to WTO
CT9 developmentCT9 development
Container port productivity Container port productivity enhancementenhancement
Hong Kong Port - Master Plan 2020Hong Kong Port - Master Plan 2020
Our Strengths: Logistics Hub
Logistics Heart of AsiaLogistics Heart of Asia
Prime locationPrime location
World class infrastructureWorld class infrastructure
Physical and information Physical and information connectivityconnectivity
A culture for excellenceA culture for excellence
Friendly business environmentFriendly business environment
Conclusion: A New Partnership
Mainland – Mainland –
a strong growth engine for the world economy, a strong growth engine for the world economy, with high growth potentialwith high growth potential
a prominent and ascending trading entity: both a prominent and ascending trading entity: both as a world supplier and a world marketas a world supplier and a world market
PRD will continue to lead in terms of the scale, depth PRD will continue to lead in terms of the scale, depth and sophistication of economic activities in Mainland and sophistication of economic activities in Mainland ChinaChina
Hong Kong will continue to play a pivotal role in the Hong Kong will continue to play a pivotal role in the Mainland’s long-term economic development, but no Mainland’s long-term economic development, but no longer the sole agentlonger the sole agent
Hong Kong remains the preferred international Hong Kong remains the preferred international transportation and logistics hub in Asia, servicing in transportation and logistics hub in Asia, servicing in particular PRDparticular PRD
Need to develop a closer partnership with PRD, and Need to develop a closer partnership with PRD, and further enhance competitivenessfurther enhance competitiveness
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