The positive evolution of private consumption and investments in Hong Kong has determined specialists to revise their GDP growth predictions for 2017
. Hong Kong’s economy grew by 3.8% on a year-on-year basis. China remains the leading source of foreign capital inflows. Investors from the Mainland who are interested in company formation in Hong Kong
can request specialized help from one of our experts.
Investments boosted Hong Kong’s GDP
The GDP growth projections for Hong Kong have been revised upward to 3 and even 4%. The positive evolution is mainly due to robust domestic consumption but also to investment. Hong Kong’s growth seems to continue to be linked on a level to China’s strong economic growth.
The growth recorded in the second quarter
was influenced by the evolution from the first quarter, and the fact that the positive momentum was carried out and maintained. This determined the Hong Kong Government to revise its initial GDP growth prediction for 2017 and advance them to 3 percent and 4 percent during the remainder of the year.
Private consumption has a 5.3% growth in the second quarter, compared to last year, while investment has an even greater advance, of 8% on a year-on-year basis. The quick and facile Hong Kong company formation
process remains a key factor that determined Chinese investors and other entrepreneurs to locate their business here.
A stronger economy in Hong Kong
Hong Kong’s economy has recorded better-than-expected values in the first half of 2017 and experts believe that this is largely due to the capital inflows coming from China. The Mainland remains one of the top investors in Hong Kong
Chinese entrepreneurs interested in more information on how to open a Hong Kong company can talk to one of our agents.
One of our Hong Kong company formation agents
can provide you with all of the needed information and assistance to open a company and can work through a power of attorney if you cannot be present in the city during the incorporation phase. Contact us
for more information.