Hong Kong: Inward/ Foreign Investment

This series of articles explains the opportunities for business angel investment in Hong Kong. Part 1 Introduction – introduces angel investment in Hong Kong. Part 2 discusses the startup scene in Hong Kong, Part 3 outlines the profiles of business angels and networks, Part 4 describes financial infrastructure, Part 5 covers Government technology policies, Part 6 presents recent examples of success stories in the tech sector.

On 4 January 2010, the State Administration of Industry and Commerce ("SAIC") and the Ministry of Public Security jointly promulgated a notice that places additional restrictions and re¬quirements on new and existing foreign representative offices ("RO"). The local AIC in Beijing implemented the notice on 15 January 2010; other cities and provinces swiftly followed or are expected to do so soon. The more stringent criteria on RO registration are summarised below.

Australia has a more mature market and comprehensive listing requirements and specific index information specifically tailored to support the listing of a resources company whereas Hong Kong’s requirements for listed resources companies are still developing. However, Hong Kong has a bigger stock exchange than Australia and gives resources companies greater access to capital and a bigger investor base, including investors from the PRC.