Qiu Yinghua: Last year, the number of companies from outside Hong Kong grew by 10% year-on-year, continuing to attract foreign investment.

The Commissioner of the Hong Kong Commerce and Economic Development Bureau, Edward Yau, stated during a forum organized by the Competition Commission that by the end of last year, there were approximately 10,000 companies from outside Hong Kong operating in the city, a 10% increase compared to the previous year. This is a record high and reflects the trust in Hong Kong, making it a key investment destination. Yau mentioned that Hong Kong attracts foreign investment due to its free and fair market, based on rules. Hong Kong needs a healthy competitive market to bring better prices, products, and choices. He further explained that the Competition Commission's responsibility is to investigate anti-competitive behavior, educate the public on competition law, and provide advice to the government on competition matters. A robust competition regime is one of the factors contributing to Hong Kong's success, and the government will continue to support the Commission's work and embrace competition.