China's Economic Expansion Lures Foreign Firms to Thriving Hong Kong
As business operations burgeon in Hong Kong, Zetland Financial Group analyzes the effects of China's rapidly expanding economy.
PR9.NET November 01, 2007 - Hong Kong - With China blossoming into a global economic powerhouse, Hong Kong remains the most popular Asian base for overseas firms, a recent study has found.
Since Hong Kong's 1997 handover from Britain to China, the number of regional headquarters has increased by 55%, Zetland Financial Group Limited reports on its website.
The study by Invest Hong Kong - the government's investment promotion agency - found several key factors affected the choice of Hong Kong as a location for regional head offices, including a low and simple tax system, the absence of exchange controls, and a corruption-free government.
The inflow of foreign direct investment into Hong Kong also soared more than 30% from a year earlier to US$27.1 billion for the first half of 2007.
"There is no better advertisement for our city than companies which do their due diligence and select Hong Kong as their primary office in the region," said Mike Rowse, a director-general at Invest Hong Kong.
At the start of June, there were 1,246 regional headquarters, 2,644 regional offices and 2,550 local offices in Hong Kong representing their overseas parent companies, up 1.5%, 1% and 1.6% on a year earlier.
With an emphasis on operations in China, Zetland Financial Group's experienced lawyers, accountants and company administrators provide business and financial consultancy internationally and in the Asia-Pacific region. Zetland handles company formation in most jurisdictions around the world, company administration, and the provision of company secretaries, nominee shareholders and directors.
Zetland's consultancy professionals have been working with a select group of individuals and corporations to achieve their objectives in a cost-effective, private and conservative manner since 1987.
From its base in Hong Kong, the company is in a position to provide clients with the efficiencies and sophisticated infrastructure of one of the most dynamic international cities, which is also an integral part of the rapidly growing economy of China.
Zetland is privately owned and operates independently, while maintaining a worldwide network of banking and finance associates, professional advisers, correspondents and local agents.
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