Why Hong Kong is still a desirable business destination

币游国际网

2021-05-18

AStarFerryboatcrossesVictoriaHarbourinfrontofaskylineofbuildingsinHongKong,China,June29,2020.[Photo/Agencies]TheUSbusinesscommunityisstillhighlyinterestedinHongKongandtheopportunitiesitoffers,includingtheroleitplaysintheGuangdong-HongKong-MacauGreaterBayArea,whichwillbethebiggesteconomiczoneintheChinesemainland,aHKbusinessofficialsaid."TheinvestorsarelookingintoamuchbiggereconomicclusterandtheycantakeadvantageofHKintermsofitsinterslikethedualroleweareplaying,"saidCandyNip,directoroftheHongKongEconomicandTradeOffice(HKETO)inNewYork,,shesaid."Butthemainlandmarketismuchbigger,andtheGreaterBayAreawithmuchbiggerpopulationandmoreGDPtobegeneratedisdefinitelysignificanttoanyinvestors."TheGreaterBayAreaisacityclusterthatcomprisestheSpecialAdministrativeRegionsofHongKongandMacao,,theyrepresentaneconomicforceofover72millionpeople,withaGDPofmorethan$,officialdatashow."DifferentcitieshavedifferentrolestoplayintheGreaterBayArea,"saidthebusinessofficial,stressingthatHongKongisawindowtotheworldwhileothercitieshavetheirstrengthssuchaslandandhumanresources."Forexample,HongKongiscollaboratingwithShenzhenandothercitiesingreentechnologytoachieve(its)carbon-neutralitytarget,andinthefinancialmarket,whichisourtraditionalstrength,"sstrategytodeveloptheGreaterBayAreawasconceivedin2017,favorablepolicieshavebeenintroducedwithinthecitycluster,especiallyinter,some13entrepreneurshipandinnovationbase,and765startupsfromHongKongandMacaoareunderincubation,,HongKonginvhASEANcountries,asthecityhasafreetradeagreementandafrequentflightschedulewiththosecountries,,whichisanaturalmidpointtoASEANcountries,ssecond-largesttradingpartnerin2019,,thetwoeconomiessignedaninvestmentagreementandafreetradeagreement,sayingASEANcountrieswouldeliminateorgraduallyreducetheircustomsdutiesongoodsoriginatingfromHongKong,,overseasinvestorscantapintotheASEANmarketbybuildingpartnershipswithHongKongcompanies,sofficialdatasuggestthatthecitywasASEANsfourth-largestsourceofforeigndirectinvestmentin2019,followingtheUS,urityLawwasadoptedlastyear,Nipsaidthesanctionswouldntservetheinterestsofeitherside,particularlythepeopleandbusiness."Therelationshipbetweenthetwoplaceseconomically,sociallyandculturallyissostronganddeep-rootedandcannotbegivenupdespitealotofpoliticalissues,",addingthatsincetheCOVID-19pandemic,themajorityofinquiriesherofficehasreceivedisaboutHongKongsvisitingrequirements,COVID-19testingandquarantines."Inthepastoneandahalfyears,whattheysawandheardaboutHongKongisallfromtheUSandinternationalmediagenerally,whichisprettybiased,"shesaid."ManypeopleinthebusinesssectorwespoketowouldliketoseeforthemselveswhatHongKongislikenow."。