Hong Kong Reports Record FDI Inflows for 2008

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Sept. 23 – Foreign direct investment (FDI) inflows to Hong Kong worth US$63 billion continued to come last year despite the global financial crisis, an increase of 15.9 percent year-on-year.

This figure makes Hong Kong Asia’s second largest recipient of FDI and the seventh largest recipient in the world, says Invest Hong Kong. The territory also has the highest FDI stock in the Asia-Pacific region, worth almost US$835.8 billion.

The Chinese mainland maintained its position as the top FDI destination in the Asia-Pacific region with FDI inflows worth US$108.3 billion for 2008, growing by 29.7 percent from the previous year. China is also now the world’s third largest FDI recipient.

The director-general of Investment Promotion at Invest Hong Kong, Simon Galpin told Xinhua that he expected investment inflows to Hong Kong to “continue to … expand in Hong Kong because of our strategic location” as the ideal two-way platform.

Last year’s global financial crisis severely affected FDI inflows the world over with global rates decreasing by 14.1 percent last year from US$1.98 trillion in 2007.