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2007 Annual Survey of Companies in Hong Kong Representing Parent Companies PowerPoint Presentation
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2007 Annual Survey of Companies in Hong Kong Representing Parent Companies - PowerPoint PPT Presentation


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2007 Annual Survey of Companies in Hong Kong Representing Parent Companies Located outside Hong Kong. Background. (i) Survey conducted annually since early 1990s: Covers RHQs and ROs (ii) Since 2001: Also covers LOs (iii) Since 2004: Also collects views of LOs

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2007 Annual Survey of Companies in Hong Kong Representing Parent Companies


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Presentation Transcript
slide1

2007 Annual Survey of

Companies in Hong Kong Representing Parent Companies

Located outside Hong Kong

2007 SCoRP

slide2

Background

(i) Survey conducted annually since early 1990s:Covers RHQs and ROs

(ii) Since 2001:Also covers LOs

(iii) Since 2004:Also collects views of LOs

(iv) Since 2006: Survey name revised Definitions of RHQ, RO and LOrevised

2007 SCoRP

slide3

Survey Objectives

(i) To enumerate number of RHQs, ROs and LOs in HK representing parent companies located outside HK

(ii) To obtain basic information of these companies

(iii) To seek their views on HK as a location for setting up RHQs/ROs and LOs

2007 SCoRP

slide4

Survey Coverage

Covers companies in HK taking charge of business/operations in HK or in the region on behalf of parent companies located outside HK

  • Reference date:1 June 2007

2007 SCoRP

slide5

Geographical responsibility?

Any managerial control over offices in the region?

In the region

Yes

No

(i.e. only coordinates offices and/or operations in the region)

No

HK only

Yes

Non-RHQ/RO/LO

LO

RHQ

RO

How is a company classified as an RHQ, RO or LO?

Taking charge of business/operations on behalf of its parent company located outside HK?

2007 SCoRP

geographical responsibility of rhqs and ros in the region other than hk
Geographical Responsibility of RHQs and ROs in the Region (other than HK)

No. of companies

2007 SCoRP

slide10

Views on Importance of Factors for Choosing Location for Setting up RHQs/ROs and LOs

RHQs/ROs*

LOs*

1. Low and simple tax system

1. Low and simple tax system

2. Free flow of information

2. Free flow of information

3. Corruption free government

3. Corruption free government

4. Absence of exchange controls

4. Political stability and security

5. Rule of law and independent judiciary

5. Absence of exchange controls

6. Political stability and security

6. Rule of law and independent judiciary

*In descending order of importance

2007 SCoRP

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Views on Favourable Factors for HK

as a Location for Setting up RHQs/ROs

  • Low and simple tax system

68%

1%

  • Free flow of information

67%

<0.5%

  • Absence of exchange controls

64%

1%

  • Corruption free government

64%

<0.5%

  • Communication, transport and other infrastructure

63%

1%

2007 SCoRP

slide12

Views on Unfavourable Factors for HK

as a Location for Setting up RHQs/ROs

  • Availability and cost of residential accommodation

16%

28%

  • Availability and cost of business accommodation

20%

28%

2007 SCoRP

slide13

Views on Favourable Factors for HK

as a Location for Setting up LOs

  • Low and simple tax system

64%

<0.5%

  • Free flow of information

61%

1%

  • Absence of exchange controls

59%

1%

  • Corruption free government

59%

1%

  • Free port status

58%

<0.5%

2007 SCoRP

slide14

Views on Unfavourable Factors for HK

as a Location for Setting up LOs

  • Availability and cost of residential accommodation

16%

24%

  • Availability and cost of business accommodation

20%

24%

2007 SCoRP

slide15

Deteriorated 6%

Deteriorated 5%

Improved 29%

Improved 29%

Same49%

Same47%

No comment 17%

No comment 19%

Views on Overall Business Environment in HKas a Location for Setting up RHQs/ROs and LOs

Comparing June 2007 with June 2006

RHQs/ROs

LOs

2007 SCoRP

slide16

Very much beneficial3%

Very much beneficial3%

To some extent beneficial27%

To some extent beneficial23%

Not affected52%

Not affected54%

No comment17%

No comment19%

Negatively affected1%

Negatively affected1%

Views on Effect of CEPA Implemented since January 2004 on RHQs/ROs and LOs

RHQs/ROs

LOs

2007 SCoRP

slide17

No comment 17%

No comment 20%

Yes10%

Yes8%

No73%

No73%

Views on Effect of CEPA on Investment Activities of RHQs/ROs and LOs

Whether investment activities affected ?

RHQs/ROs

LOs

Effect

Setting up new business expansion plans

Advancing business expansion plans

2007 SCoRP

slide18

2007 Annual Survey of

Companies in Hong Kong Representing Parent Companies

Located outside Hong Kong

2007 SCoRP