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Hong Kong ranks fourth in global FDI inflows
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     Invest Hong Kong (InvestHK) today (June 27) welcomed the United Nations Conference on Trade and Development's (UNCTAD) World Investment Report 2014 (WIR), in which Hong Kong was ranked fourth in terms of global FDI (Foreign Direct Investment) inflows* in 2013.

     According to the annual report released by UNCTAD, global FDI inflows rose by nine per cent to US$1.45 trillion in 2013. Global FDI outflows rose by five per cent to US$1.41 trillion, up from US$1.35 trillion in 2012.

     In terms of global inflows, the US ranked first (US$188 billion), followed by Mainland China (US$124 billion), the Russian Federation (US$79 billion), Hong Kong (US$77 billion) and Brazil (US$64 billion). Hong Kong continues to be the second biggest FDI recipient in Asia after Mainland China.

     The Director-General of Investment Promotion at InvestHK, Mr Simon Galpin, said, "It is encouraging to see that Hong Kong continues to be one of the leaders in global and regional FDI. It shows that our city continues to be an important FDI conduit given its enduring advantages including low and stable tax, free market access and easy business environment."

     The report said that the Russian Federation saw FDI inflows jump by 57 per cent to US$79 billion, making it the world's third largest recipient of FDI for the first time. The rise was predominantly ascribed to the increase in intra-company loans and the acquisition by UK-based BP of 18.5 per cent of Rosneft.

    The report said that Hong Kong had been "highly successful" in attracting transnational corporations (TNCs), with almost 1 400 such regional headquarters operating in Hong Kong as at 2013. The report added that Hong Kong continued to be one of the "major destinations" for the headquarters of TNCs targeting the markets of Asia Pacific.

     In terms of outflows, Hong Kong ranked fifth with US$92 billion, after the US (US$338 billion), Japan (US$136 billion), Mainland China (US$101 billion) and the Russian Federation (US$95 billion).

 (* 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 InvestHK

     InvestHK is the department of the Hong Kong Special Administrative Region (HKSAR) Government established in July 2000 to attract 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 June 2014, InvestHK has completed over 3 300 investment projects creating more than 36 400 new jobs in the first year of operation or expansion and over HK$88 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 2014 full report, please visit www.unctad.org/wir.

Ends/Friday, June 27, 2014
Issued at HKT 18:35

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