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Invest Hong Kong (InvestHK) announced today (April 30) the findings of the latest edition of its Greater Pearl River Delta (GPRD) Report, which highlights Hong Kong's evolving role for both foreign and Mainland investors seeking to invest in the GPRD region or branch out to the world.
The 150-page GPRD Report is the seventh edition commissioned by InvestHK since 2003. The research was carried out by the Public Policy Research Institute of Hong Kong Polytechnic University.
Among the key findings, the report found that the GPRD is the world's fourth largest trading economy, bigger than Japan, France or South Korea. It has a population of over 64 million people, larger than that of the UK, Italy or South Africa, and GDP of US$1 trillion, larger than that of Indonesia, the Netherlands or Turkey.
The Director-General of Investment Promotion, Mr Simon Galpin, said, "The GPRD has grown in size and importance over the years. What is more, Hong Kong has been able to enhance its leading role in this fast-growing region as a conduit for direct investment to and from the rest of the world."
The success of the GPRD economy is reflected in several areas highlighted in the report. Shipping and the wider logistics industry is one example. In 2012, the GPRD saw 61 million TEUs (twenty foot equivalent units) being shipped via its ports, compared to 50 million in the Yangtze River Delta.
Hong Kong's role as the bridge to and from this economic activity is paramount: its regional connectivity is being cemented through a network of high-speed railways and intercity/metro transits, cross-boundary links and international and external connectivity in the GPRD.
Full details of the report are available at (www.investhk.gov.hk/publications-resources.html).
About InvestHK
Invest Hong Kong is the department of the Hong Kong Special Administrative Region (HKSAR) Government established in July 2000 to take responsibility for foreign direct investment 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 2013, Invest Hong Kong has completed over 3 090 investment projects creating more than 34 900 new jobs in the first year of operation or expansion and over HK$82 billion of investment. For more information, please visit www.investhk.gov.hk.
For event photos, please visit: www.flickr.com/photos/investhk/sets/72157644025782597/.
Ends/Wednesday, April 30, 2014
Issued at HKT 18:38
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