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Hong Kong was ranked third in terms of global Foreign Direct Investment (FDI) inflows* in 2012, according to the United Nations Conference on Trade and Development's (UNCTAD) World Investment Report 2013 (WIR), released in Hong Kong today (June 27).
According to the WIR 2013, FDI flows into Hong Kong exceeded US$75 billion in 2012, compared to a revised US$96 billion in 2011. But the report stated that, "the situation has been improving since the end of 2012 as strong capital inflows resumed" in Hong Kong. Hong Kong ranked behind the US (US$167.6 billion) and Mainland China (US$121 billion).
Global FDI inflows in 2012 reached US$1.35 trillion, contracting 18 percent over 2011. According to UNCTAD, inflows are expected to gradually pick up to US$1.6 trillion in 2014 and US$1.8 trillion in 2015.
In terms of outflows, Hong Kong ranked fourth in the world in 2012 with US$83.9 billion outbound investment, behind the US (US$328.8 billion), Japan (US$122.5 billion) and Mainland China (US$84.2 billion) but ahead of the UK (US$71.4 billion).
The Director-General of Investment Promotion, Mr Simon Galpin, said, "Against the backdrop of a global decline in FDI, Hong Kong remains a significant conduit for both inbound and outbound investment."
Co-hosting today's press conference with Mr Galpin was the Dean of the Faculty of Business Administration at the Chinese University of Hong Kong, Professor Wong Tak-jun. Economic Affairs Officer of Investment and Enterprise Division at UNCTAD in Geneva, Dr Liang Guoyong, joined the press conference via videoconferencing.
(* All FDI data and estimates in WIR are continuously revised. Because of these revisions, FDI data reported in the WIR may differ from those reported in earlier reports or other publications of UNCTAD or any other international or regional organisations).
About Invest Hong Kong
InvestHK is the department of the Hong Kong Special Administrative Region (HKSAR) Government established in July 2000 to take responsibility for Foreign Direct Investment (FDI) and support overseas and Mainland businesses to set up or expand in Hong Kong. It provides free advice and customised services to help businesses succeed in Hong Kong's vibrant economy. As at December 2012, Invest Hong Kong has completed over 2 700 investment projects creating over 32 000 new jobs in the first year of operation or expansion and HK$69 billion of investment. For more information, please visit www.investhk.gov.hk.
About the United Nations Conference on Trade and Development (UNCTAD)
Established in 1964, UNCTAD promotes the development-friendly integration of developing countries into the world economy. For more information, please visit www.unctad.org . For UNCTAD WIR 2013 full report, please visit www.unctad.org/wir .
For event photo, please visit www.flickr.com/photos/investhk/sets/72157634333717025/.
Ends/Thursday, June 27, 2013
Issued at HKT 17:59
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