Abstract
In December 2008, Hong Kong' s CLP Holdings announced that it is considering
investing in two new
nuclear reactors with a total capacity of 2,000MW at
Daya Bay Nuclear power plant (NPP) in China.
Mainland China is a fruitful
market for nuclear power, and CLP has a large portfolio in generating
capacity in the country. According the South China Morning Post, as reported
by China Knowledge, CLP
announced that it is conducting a feasibility
study of the viability of investing into two nuclear reactors.
In November
2008, Hong Kong became the second Asian economy behind Singapore to officially
enter
recession, after GDP contracted by a seasonally adjusted 0.5% q-o-q
in Q308 to compound the 1.4%
decline recorded in the previous quarter. BMI
still believes that growth in the construction sector will be
in the
positive side, although the total value forecast has been revised downwards as
anticipated as the
economy continues to suffer from recession, looming job
cuts and is forecast to reach US$16.3bn 2013.
Hong Kong achieves a score
of 59.6 in our Business Environment Ranking. It is boosted by having the
highest score in the region for financial infrastructure and legal framework.
With minimal barriers to
entry, Hong Kong’s construction market is
renowned for being extremely competitive. Low tax rates, a
stable
political environment as well as its strategic location make Hong Kong an
attractive investment
destination. The SAR is also known for its
relatively low levels of corruption. Despite its impressive
country
structure, it only manages seventh place in our BR Ranking because of its
little spending on
construction so far.
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