Hong Kong Bids For Houston Business
by: Andrew Schneider, February 21, 2013 4:02:00 am
Houston was the latest stop on a tour of the U.S. and Mexico for Invest Hong Kong, the investment promotion arm of the city’s government.
The group’s director-general, Simon Galpin, met with local executives to make the case for Hong Kong as a base of operations — not only for China, but also for Vietnam and other East Asian markets.
“You know, we’re seeing companies coming from two very opposite ends of the spectrum. On the one hand, we’re seeing some of the very large U.S. companies putting certain global activities in Hong Kong for the first time. But the other trend that we’ve noticed in the last two or three years is that the size of the companies that we’re supporting is actually getting smaller and smaller. And the message is that you don’t have to be big to set up in Hong Kong, but you do need to be competitive.”
Hong Kong is already the regional hub for several major Houston companies, including law firm Baker Botts. China as a whole is Houston’s fourth-largest export market, behind Mexico, Canada, and Brazil.