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Number of foreign companies in Hong Kong rises slightly, with influx of mainland Chinese firms offsetting departures

Hong Kong has recorded a marginal rise in the number of overseas companies operating locally, with a hefty influx of mainland Chinese firms more than offsetting the number of other foreign businesses jumping ship.As of June 1, there were 9,049 overseas companies with a presence in the city, 24 more than there were the year before, according to the latest annual statistics by the government agency InvestHK.The agency found the growth was driven by companies headquartered on the mainland, with…

Read the original article at South China Morning Post

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