Hong Kong is poised for a bigger influx of foreign investment this year from companies keen to invest in the SAR's fledgling technology industry, according to Director-General of Trade and Industry Francis Ho Suen-wai.
More companies were already setting up offices, while more investment money was returning, spurred on by Hong Kong's better than expected economic recovery last year, Mr Ho said.
A survey in June last year revealed that overseas companies had located 840 regional headquarters and 1,650 regional offices in Hong Kong, an increase of just under 2 per cent on the previous year.
In 1998, the number fell 2.6 per cent from 1997.
Mr Ho said Hong Kong was embracing innovation and technology, putting into practice the ideas proposed by Chief Executive Tung Chee-hwa in his Policy Address last year.
Projects such as the Cyber-Port and Science Park had attracted a lot of overseas interest, said Mr Ho.
'This is reflected in the good response from 14 companies which have submitted applications for premises in the Hong Kong Science Park,' he said.
