Investing in China? Don't Forget About Hong Kong
Simon Galpin says Shanghai's rise poses no threat
MELBOURNE, October 6, 2010 – Hong Kong's role as a key financial center is not diminishing, despite the rise of Shanghai, says Simon Galpin, Director-General of Investment Promotion at Invest Hong Kong.
"Hong Kong is still very much the ideal command and control center for companies that want to access opportunities across the mainland (of China) and also elsewhere in our region," he said, in an interview following a boardroom luncheon organised by Asialink-Asia Society AustralAsia Centre.
Galpin highlighted the administrative and tax advantages of doing business in Hong Kong and said the city offers a lower risk starting point for companies that are new to China.
In his role as Director-General of Investment Promotion, Galpin is responsible for attracting and facilitating foreign direct investment into Hong Kong.
Galpin commented on recent developments to the Hong Kong stock exchange and offered advice to Australian companies looking to invest in mainland China.
Reported by Will McCallum