Xinhua News Agency, Hong Kong, May 18 (Reporter Xie Niu) The Financial Affairs and Treasury Bureau of the Hong Kong Special Administrative Region Government said on the 18th that the number of local companies in Hong Kong hit a record high, bankruptcy and liquidation cases fell, and real GDP grew moderately year by year. For enterprises, Hong Kong is definitely a dynamic, reliable and convenient place to do business.

According to the data released by the Treasury on the social platform, as of April this year, there were more than 1.43 million local companies and about 15000 non Hong Kong companies in Hong Kong, all of which were record high. The number of new companies has increased by about 12000 on a monthly basis, which is higher than the number of dissolved companies of about 7400, and continues to achieve a net growth.

In terms of bankruptcy and winding up cases, the number of bankruptcy petitions and winding up petitions submitted in April this year declined month by month. The Treasury said that Hong Kong has a sound legal and financial system, pursues a simple tax system and low tax rates, and is closely connected with the world. Hong Kong's network of professional and trade organizations, combined with a diversified business environment and advanced technological infrastructure, can connect enterprises with talents and business opportunities in the mainland and even in the Asia Pacific region.

The Treasury said that looking ahead, Hong Kong's economy should grow further in the rest of this year. In addition, the number of visitors to Hong Kong in the first quarter of 2024 will also rise to more than 11 million compared with the fourth quarter of last year. It is believed that different events and wonderful activities will be held in the future, which can continue to inject impetus into Hong Kong's economy.

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