HK Ranked the Best-performing Investment Site in Asia

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Last updated at: (Beijing Time) Thursday, September 19, 2002

HK Ranked the Best-performing Investment Site in Asia

Hong Kong was the best-performing host economy for foreign direct investment (FDI) in Asia and the second best in the world after Belgium and Luxembourg, said a UN report released Wednesday.

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HK Ranked the Best-performing Investment Site in Asia

Hong Kong was the best-performing host economy for foreign direct investment (FDI) in Asia and the second best in the world after Belgium and Luxembourg, said a UN report released Wednesday.

Hong Kong also has been classified in the "World Investment Report 2002" (covering 2001 and previous years) as a "front-runner" economy, which means that Hong Kong out-performed its investment potential by attracting very high FDI flows relative to its economic size.

It shared this designation in Asia with Malaysia, Singapore and Thailand.

The report noted that Hong Kong was able to solidify its position as a regional business hub with 3,237 multinational corporations establishing regional offices here in 2001, representing an 8 percent increase over 2000.

Commenting on the report, Director-General of Investment Promotion at Invest Hong Kong Mike Rowse said it is encouraging to see that Hong Kong has maintained its position as a major destination for FDI.

"We will continue to undertake targeted efforts to promote existing locational advantages and retain our competitive edge to attract foreign investors," he said.

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