Foreign investment in Hong Kong topped a record 83 billion dollars last year, dpa quoted United Nations as saying Friday. The figure was up 17 per cent from 2010, the UN Conference on Trade and Development found. The rise was attributed to the city's links with mainland China. "Hong Kong's increasing integration with the Chinese economy plus the city's enduring advantages mean that we will continue to provide an ideal two-way platform for companies from overseas to enter the mainland and for Chinese enterprises to go global," said Victoria Tang, Hong Kong's associate director general of investment promotion. The figure put Hong Kong fourth behind the United States with 227 billion dollars, China with 124 billion dollars and Belgium with 89 billion dollars of investment, the UN conference's World Investment Report found. Globally, foreign investment reached 1.5 trillion dollars last year, up 16.5 per cent, it said. In 2012, investment would probably level off at 1.6 trillion dollars worldwide as the European debt crisis leads firms to save instead, the report said. But Tang was optimistic that Hong Kong would continue to draw investors.
