Hong Kong Jumps In Global FDI Rankings
by Mary Swire, Lowtax.net, Hong Kong
26 June, 2015
For the first time ever, Hong Kong ranked second in global foreign direct investment inflows, according to the United Nations Conference on Trade and Development's World Investment Report covering 2014.
Hong Kong received USD103bn in FDI in 2014, an annual increase of 39 percent, placing it second only to Mainland China (USD129bn) and ahead of the United States (USD92bn), the United Kingdom (USD72bn), and Singapore (USD68bn).
Hong Kong was also placed second in terms of FDI outflows (USD143bn), after the United States (USD337bn), and ahead of the Mainland (USD116bn), Japan (USD114bn), and Germany (USD112bn).
The report said that the increase of outflows from Hong Kong in 2014 was partly a result of increasing cross-border merger and acquisition activity.
Invest Hong Kong's Director-General of Investment Promotion, 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."
"The numbers highlight Hong Kong's role as a 'super-connector' and a conduit for direct investment," he continued. "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."
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