Replies to initial written questions raised by Finance Committee Members in examining the Estimates of Expenditure 2012-13 Director of Bureau : Secretary for Commerce and Economic Development Session No. 12 File name : cedb(cit)- doc
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- Examination of Estimates of Expenditure 2012-13
Question : The Administration said that Invest Hong Kong “placed particular focus on encouraging companies from the Mainland and Taiwan and important emerging markets such as Russia, India and South America to set up operations in Hong Kong” in 2011. Please inform this Committee of the details and evaluation of the effectiveness of the promotional activities in these priority markets. Asked by : Hon. IP LAU Suk-yee, Regina Reply : In 2011-12, Invest Hong Kong (InvestHK) conducted marketing campaigns, seminars and investment promotion visits to attract more companies from the Mainland, Taiwan and the emerging markets to set up or expand their operation in Hong Kong. In collaboration with the Mainland authorities and business associations, InvestHK organised programmes to proactively reach out to privately-owned enterprises in the high-growth Mainland cities including Suzhou, Tianjin, Guangzhou, Qingdao, Changsha, Shantou, Xiamen, Ningbo and Kunming. InvestHK has completed 56 projects from the Mainland. As regards the Taiwan market, InvestHK continued to reach out to a wide spectrum of Taiwan companies to provide them with the necessary support in setting up or expanding their business in Hong Kong. InvestHK also organised seminars and investment promotion visits in different cities in Taiwan (including Taipei and Taichung), and maintained close liaison with the Taiwan business community and representatives of Taiwan business associations in Hong Kong. A total of seven projects from Taiwan were completed in 2011. In 2011-12, InvestHK also conducted various investment promotion visits to target cities in emerging markets, including Russia, India, South America, Southeast Asia and the Middle East to encourage and assist more companies in setting up business in Hong Kong and to promote Hong Kong’s business environment. InvestHK also organised two joint promotion seminars in South America, including one in partnership with Zhuhai in Bogota, Colombia, and another one in partnership with Zhuhai and Macau in Sao Paulo, Brazil. To strengthen its presence and investment promotion work in target emerging markets, InvestHK has also engaged consultants in such strategic locations as Malaysia and Brazil. In terms of investment projects, InvestHK has completed 20 projects from these emerging markets.
Question: In 2012-13, Invest Hong Kong will continue the joint overseas marketing activities with Pearl River Delta cities. What are the activities concerned and the breakdown of expenditure? Asked by: Hon. LAM Tai-fai Reply: In 2012-13, Invest Hong Kong will organise investment promotion activities (including seminars) in overseas markets jointly with Guangdong Province and cities in the Pearl River Delta region to promote the combined advantages of Hong Kong and the Mainland. Details of these planned activities are as follows:
Invest Hong Kong is in close liaison with cities in the Pearl River Delta region to discuss other possible joint promotion programmes in 2012-13. The total estimated expenditure of these joint overseas activities is about $2.5 million.
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