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People's Daily Online>>China Business

External direct investment in HK grows in 2010

(Xinhua)

18:52, December 09, 2011

HONG KONG, Dec. 9 (Xinhua)-- Hong Kong's external direct investment (DI) statistics for 2010 are released Friday by the Census and Statistics Department (C&SD) of the city's government.

According to the statistics, the stock of Hong Kong's inward DI increased by 16.7 percent from a year earlier to 8,473.2 billion HK dollars (1,089.1 billion U.S. dollars) at market value at the end of 2010. Its ratio to local GDP stood at 486 percent in 2010.

Analyzed by immediate source of investment, the Chinese mainland accounted for the largest share of the total stock at end of 2010, at 36.9 percent, reflecting the importance of investment from the mainland.

Meanwhile, the stock of Hong Kong's outward DI increased by 12.8 percent from a year earlier to 7,277.1 billion HK dollars (935.4 billion U.S. dollars) at market value at the end of 2010. Its ratio to local GDP was 417 percent in 2010.

Analyzed by immediate destination of investment, the British Virgin Islands was the most important destination for Hong Kong's outward DI, with a share of 43.1 percent of the total stock at end of 2010, and the mainland was the second largest, accounting for 42.2 percent.

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