A joint Hong Kong-Huizhou one-day investment promotion seminar in Dallas last week was said to have attracted an "overwhelming" response, as more than 200 senior executives from US companies attended, according to the Hong Kong government.
Entitled "Hong Kong & Huizhou: Your Winning Formula in China", the seminar aimed to encourage US investors to invest in the two locations.
The seminar was the first collaboration between Invest Hong Kong, the Special Administrative Region Government's investment promotion unit, and the Huizhou Municipality of the People’s Republic of China to promote the combined advantages of the two cities to Texas investors.
The seminar focused on updating potential investors on opportunities in Hong Kong and Huizhou, and on Hong Kong’s role in assisting companies wishing to develop new business in Mainland China.
The Hong Kong and Huizhou delegations were led by the Director-General of Investment Promotion at Invest Hong Kong, Mr Mike Rowse, and the Executive Vice Mayor of Huizhou Municipality, Mr Huang Shifang.
Rowse observed: “The US has always been an important strategic partner for companies in Hong Kong. The US has one of the largest international business communities in Hong Kong, with over 1,000 companies actively engaged in a wide range of businesses, including financial services, IT, professional services, tourism and entertainment, transportation and logistics, retail and sourcing.”
“China offers very attractive markets with huge investment potentials. Huizhou is one of these markets which has become an attractive area for both Chinese and foreign investments in recent years. It is critical to find a right entry point into the Mainland market to optimise the chance of business success. Hong Kong serves a perfect strategic hub for investors to expand and manage their businesses in Huizhou and the rest of China.”
Executive Vice Mayor Huang of Huizhou introduced the attractions of Huizhou to US firms, noting that: “Huizhou, portal to eastern Guangdong, is a city largely depending on an export oriented economy. With 20 years of fast development, Huizhou has advantages over other cities in Pearl River Delta in many aspects. Up to 2006, 171 American enterprises have been established in Huizhou with an investment of over US$360 million. These enterprises are involved in a variety of business sectors, such as mechanical electronics, catering, food, eco-tourism and textiles. Huizhou welcomes more American investors to visit, investigate, and invest in the city.”
According to the latest report on the Top 20 Most Attractive Chinese Cities in Investment Condition released by Chinese Academy of Social Sciences, Huizhou ranked No. 17 in the eyes of multinationals. As is published in Competitiveness of Chinese Cities in Year 2007 Blue Book, Huizhou took the 4th place in “Cultural Competitiveness” and the 8th place in “Enterprise Managerial Competitiveness."
A comprehensive report in our Intelligence Report series looking at Tax-Effective Global Manufacturing and Financing Structures is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report8.asp
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment