UN report shows Hong Kong ranks 4th globally by foreign direct investment

20:58, July 26, 2010      

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Hong Kong, the Asian financial hub, attracted 48.4 billion U.S. dollars of foreign direct investment (FDI) in 2009, down 19 percent from a year earlier, according to a UN report on global FDI released here Friday.

The World Investment Report 2010 entitled "Investing in A Low-Carbon Economy", written by the United Nations Conference on Trade and Development (UNCATD), showed that Hong Kong's ranking was after the U.S., Chinese mainland and France.

FDI inflows into the U.S. last year stood at 129.9 billion U.S. dollars, followed by Chinese mainland's 95 billion U.S. dollars and 59.6 billion U.S. dollars for France, according to the report.

Simon Galpin, Director-General of Investment Promotion at Invest Hong Kong (InvestHK), the city's government agency responsible for attracting and facilitating foreign direct investment, told reporters the fourth place was the highest ranking for Hong Kong since 1990 when UNCATD started released the report.

In 2008, Hong Kong's FDI inflows amounted to 59.6 billion U.S. dollars, ranking the ninth position globally. In 2007, the city attracted 54.3 billion U.S. dollars, ranking 12th place in the world.

Galpin said Hong Kong's status as an international economy was reflected in the record high ranking.

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