China news agency, Hong Kong, May 18 The Financial Affairs and Treasury Bureau of the Hong Kong Special Administrative Region Government (the Treasury Bureau) said on the 18th that as of April this year, the number of local and non Hong Kong companies in Hong Kong had reached a record high, which shows that Hong Kong is definitely a dynamic, reliable and convenient place to do business.
On the same day, the Treasury Bureau reported on the social platform that as of April this year, there were more than 1.43 million local companies in Hong Kong, a record high. The number of new companies established continued to grow, increasing by about 12000 on a monthly basis, higher than the number of dissolved companies of about 7400, and continued to record a net increase. On the other hand, as of April this year, there were about 15000 non Hong Kong companies, both at a historical high.
The Treasury pointed out that Hong Kong's real GDP grew by 2.7% in the first quarter on an annual basis, and should record further growth in the rest of this year. In the future, Hong Kong will continue to host different grand events and wonderful activities, which I believe will continue to inject impetus into the local economy.
The Treasury said that as an international financial center, Hong Kong has an excellent business environment, provides unlimited opportunities for the business community, and is one of the most competitive economic systems in the world. 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 professional and trade organization network, combined with a diversified business environment and advanced technological infrastructure, links enterprises with talents and business opportunities in the Mainland and the Asia Pacific region.
The bureau also pointed out that in terms of bankruptcy and winding up cases, the number of bankruptcy petitions and winding up petitions submitted in April this year recorded a monthly decline. (End)