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COMMERCE AND INDUSTRY
In addition to being a net exporter of services in overall terms, analysed by component of services trade, in 2001 Hong Kong recorded a surplus in trade-related services (US$11.4 billion), transportation services (US$6.7 billion) and financial services (US$1.8 billion).
External Investment
Hong Kong's attractiveness as a place to do business is reflected by two major indicators, namely the inflow of foreign direct investment (FDI), and the number of foreign-owned regional headquarters and regional offices of companies incorporated outside Hong Kong.
A Census and Statistics Department survey shows that Hong Kong's FDI inflow in 2001 amounted to US$23.8 billion. According to the 'World Investment Report 2002' released by the United Nations Conference on Trade and Development, Hong Kong was the second largest recipient of FDI in Asia in 2001.
Hong Kong had 9 132 enterprise groups with inward direct investment at the end of 2001, comprising 374 in the manufacturing sector and 8 758 in the non- manufacturing sectors. The market value of the stock of inward direct investments amounted to $3,269.7 billion. Chart 3 shows the major economic activities of these enterprise groups while Chart 4 shows source countries/territories of the inward direct investments. Regarding employment, more than 66 per cent of them were enterprise groups employing fewer than 20 persons (Chart 5).
Chart 3: Position of Inward Direct Investment in Hong Kong at Market Value by Major Economic Activity of Hong Kong Enterprise Group at end-2001
Other activities 14.8% ($484.9 billion)
Transport and related services
3.0% ($96.6 billion)
Financial institutions other than banks and deposit-taking companies 3.4% ($110.9 billion)
Banks and deposit-taking companies 11.2% ($365.3 billion)
Wholesale, retail and import/export trades. 12.4% ($406.5 billion)
Investment holding, real estate
and various business services 55.2% ($1,805.5 billion)
An enterprise group may consist of a parent company, its subsidiaries, associates and branches.
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