Despite setbacks, Hong Kong is still the best place to do business

Quick Summary:

The exit of foreign firms and falling property prices shouldn’t overshadow the city’s resilient growth, access to the rest of China, and support for innovation.

The number of global companies with regional headquarters in Hong Kong decreased by 13.3 per cent between 2019 and 2023, according to Census and Statistics Department data, with firms like FedEx moving to Singapore last year.

The commercial sector faces high vacancy rates and declining rental values.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Christopher Tang

Category: Business

Markets: Hong KongChinaSingapore

Topics: Quarter 2023 Hong Economy Statistics Year Cent Census 2024 Kong First

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-17 @ 09:30:08 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 198 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22556162

View Article Analysis

About SCMP

Main Topics: Business

Official Website: scmp.com

Update Frequency: 17 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 2 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

Publisher Details

Frequently Asked Questions