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Hong Kong ranks second in global FDI in new record (with photo/video)
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     Invest Hong Kong (InvestHK) today (June 25) welcomed the results of the United Nations Conference on Trade and Development (UNCTAD) World Investment Report (WIR) 2015, in which Hong Kong came second in global foreign direct investment (FDI) flows (see Note) for the first time.

     According to the UNCTAD report, Hong Kong registered FDI inflows of US$103 billion in 2014, a year-on-year increase of 39 per cent. It puts Hong Kong second only to Mainland China (US$129 billion) and ahead of the US (US$92 billion), the UK (US$72 billion) and Singapore (US$68 billion).

     In terms of outflows, Hong Kong also ranks second (US$143 billion), following the US (US$337 billion) and ahead of Mainland China (US$116 billion), Japan (US$114 billion) and Germany (US$112 billion). The report said that the increase of outflows from Hong Kong in 2014 was partly a result of booming cross-border merger and acquisition activity.

     Globally, inflows fell by 16 per cent to $1.23 trillion in 2014, as a result of fragility of the global economy, policy uncertainty for investors and elevated geopolitical risks. Looking beyond 2014, the report says that a sustained recovery is in sight with global inflows projected to grow by 11 per cent to around $1.4 trillion in 2015, rising further to $1.5 trillion in 2016 and $1.7 trillion in 2017.

     The Director-General of Investment Promotion, Dr Simon Galpin, said, "It is very encouraging to see Hong Kong rank second in global FDI flows with both record amounts of inflows and outflows."

     Dr Galpin continued, "The numbers highlight Hong Kong's role as a 'super-connector' and a conduit for direct investment. Foreign investors use Hong Kong as a base to then invest in the rest of China and the region. Mainland companies increasingly use Hong Kong as a platform to make global investments and acquisitions."

About InvestHK

     InvestHK is the department of the Hong Kong Special Administrative Region Government established in July 2000 to attract 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 of December 2014, InvestHK had completed over 3,440 investment projects creating more than 37,500 new jobs in the first year of operation or expansion and over HK$91 billion of investment. For more information, please visit www.investhk.gov.hk.

About 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 . The WIR 2015 full report is available at www.unctad.org/wir .
 
     For an event photo, please visit www.flickr.com/photos/investhk/sets/72157654525246509 .

Note: 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).

Ends/Thursday, June 25, 2015
Issued at HKT 14:56

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