are you an sme? (mkb in the netherlands) kongs enduring advantages for s… · hnwi wealth growth....
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Are you an SME? (MKB in the Netherlands)
HONG KONG WILL HELP YOUOVERCOME THOSE SHORTCOMINGS
This speech will show you how a Hong Kongpresence will optimize your operationswith a minimum of commitment in termsof risk, cost and personnel
RIGHT PLACE,RIGHT TIME
Hong Kong’sEnduring Advantages
Where Business Goes to GrowWhere Business Goes to Grow
Where BusinessGoes to Grow
Siegfried Verstappen
Senior Investment Promotion Executive
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Heart of Asia
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Proximity to China
4hoursMost of Asia’s
key markets
within four hours’
flight time
5hours
From half
the world’s
population
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Population64 mn
>UK, Italy,South Africa
ExportsUS$527bn
>UK, Italy
GDPUS$962bn
>Indonesia,Netherlands,Turkey
Land Area56,000km2
>Ireland,Latvia,Panama, WestVirginia (US)
Greater Pearl River Delta
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One Country Two Systems
• VAT/GST/Sales tax
• Capital Gains Tax
• Withholding tax on investments
• Estate duty
• Global taxation
• Wine duty
Low and Simple Tax System8
* There is no standard rate across the Mainland China. Shanghai is used as an example
Percentage
World Class ICT Infrastructure9
7th in the GlobalInnovation Index Report(INSEAD 2013)
2nd in AsiaNetworked Readiness Index(The Global Information Technology Report 2014,World Economic Forum)
2nd in AsiaICT Development Index(ITU Oct 2013)
The safest place in Asiafor setting up datacentres(Data Centre Risk Index, Cushman
& Wakefield, 2013)
Mobile phonepenetrationrate >237%(OFCA, Sep 2013)
The world’s fastest speedfor Internet access(Akamai Technologies, 2014)
Human Capital - Quality Education10
x2x2
x49x49
2 Universitiesin world’s top 100
HKUST MBA
1st in Asiaand 8th in world
World’s Top ‘13:Kellogg–HKUST
EMBAProgramme
49 Internationalschools
3rd in the GlobalIndex
Cognitive Skillsand Educational
Attainment
HK studentsranked first in
reading literacyglobally
Business-to-Consumer Gateway to 4.3 million HNWIs in Asia-Pacific
with wealth totalling US$14 tn
Wealth growth strongest in Asia-Pacific at 18%
Hong Kong – 124,000 HNWIs up 9.4%
Asia-Pacific expected to lead robust global
HNWI wealth growth. HNWI wealth expected
to reach US$18.8 tn by 2016
Source: Capgemini World Wealth Report 2014
Asia-Pacific accounted for 50% of the growth in
global wealth since 2010
By 2020, est. no. of millionaires in Mainland
China & Hong Kong will reach 3.7 million, an
accumulated wealth of US$14 trillion
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Source: James Davies, Rodrigo Lluberas and Anthony Shorrocks, Credit Suisse Global Wealth Databook 2011
Million
Number of visitor arrivals
Mainland China Rest of the World
Source: Hong Kong Tourism Board
+12%54.3 million visitors
+16% +4%Spending US$44.1 billion US$1,044 per capita
2,264 new investment projects
approved;investment amount
US$43.7 bn (as of 2013)
(Source: MOFCOM)
RMB deposits in Hong Kong of RMB1,053 bn
(~US$173 bn) (as of Dec 2013) (Source: HKMA)
Business-to-Business13
797 listed Mainland
enterprises on the HKEx;
total market cap US$1.76 tn
(as of Dec 2013)
(Source: HKEX)
2000
2013
% of mainlandcompanies
% of mainlandcapitalisation
49% 57%
18% 27%
7,449 companies of which 3,835 are RHQs and ROs in 2013
(Source: 2013 Annual survey, HKSAR Government’s Census & Statistics Department)
Prime Conduit for FDI
Rank FDI Inflows (2012) US$ bn FDI Outflows (2012) US$ bn
1 USA 168 USA 329
2 China 121 Japan 123
3 Hong Kong 75 China 84
4 Brazil 65 Hong Kong 84
5 British Virgin Islands 65 UK 71
6 UK 62 Germany 67
7 Australia 57 Canada 54
8 Singapore 57 Russia 51
9 Russia 51 Switzerland 44
10 Canada 45 British Virgin Islands 42
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Source: World Investment Report 2013, UNCTAD
MarkusKramer
President, Dispersionsand Pigments Division(Global headquarters)
Global Operations in Hong Kong
John RiceVice Chairman
(Globaloperations)
Jean-PascalTricoireGlobal CEO
JeffUrwinGlobal Head ofInvestBanking
Johan deNysschenPresident
(Global headq.)
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ChristopheRousselInt’l SourcingDirector
Karen FiferGlobal ManagingPartner, ConsumerMarkets Practice
Startmeup.HK16
How We Can Help17
Networking events,introduction to service
providers
PR and marketing supportfor launch/expansion
Facilitation of visaapplications, schooling
Information to aidplanningand evaluation
• Rue d’Arlon/Aarlenstraat 118, B-1040 Brussels, Belgium
• Telephone +32/2/775 00 76
• E-mail: [email protected]
• Websites: www.investhk.gov.hk and: www.hongkong-eu.org
• Hong Kong background information:
• http://www.brandhk.gov.hk/en/#/en/facts/factsheets/index.html
Invest Hong Kong Brussels office