China News Agency, Hong Kong, January 15th. The Hong Kong Special Administrative Region Government’s Census and Statistics Department released a feature article in the new issue of Hong Kong Statistics Monthly on the 15th. According to the “World Investment Report 2020” published by the United Nations Conference on Trade and Development, the In other words, Hong Kong is the world's third largest destination for foreign direct investment and the sixth largest source of foreign direct investment in 2019.
The article pointed out that Hong Kong is an international financial center and commercial center, as well as a gateway to the huge mainland market and a platform to facilitate mainland enterprises to enter the global market.
In the past 10 years, Hong Kong's foreign direct investment has been very large, and every year it recorded a net outflow of direct investment assets and a net inflow of direct investment liabilities.
The article cited data from the Hong Kong Census and Statistics Department showing that Hong Kong’s direct investment asset position increased from HK$8,078 billion at the end of 2010 to HK$1,569.4 billion at the end of 2019, an average year-on-year increase of 8%.
On the other hand, Hong Kong's direct investment debt position has also recorded an increase in the past 10 years, with an average year-on-year increase of 7%.
Hong Kong direct investment has maintained a net debt position in the past 10 years.
The analysis of the article pointed out that the huge net debt position reflects that Hong Kong may attract many non-resident companies to set up direct investment enterprises in Hong Kong due to its advantages such as low tax rates and efficient banking and financial services.
The article points out that the stock of direct investment assets and liabilities in Hong Kong over the past 10 years is very large, which cites Hong Kong's status as an international financial and commercial center with huge cross-border investments.
(Finish)