Hong Kong Territory Profile

For many years, Hong Kong has been a gateway to China. Even now as Hong Kong is being reintegrated within wider China, it remains an independently minded and vibrant high-spending consumer market of 7.5 million inhabitants.

For many years, Hong Kong has been a gateway to China. Even now as Hong Kong is being reintegrated within wider China, it remains an independently minded and vibrant high-spending consumer market of 7.5 million inhabitants.

Key Features of the Hong Kong Market

  • World top three largest and most developed capital markets in the world
  • Stock market, IPO listings, banking and insurance world leader and regional Asian hub
  • Gateway to China and Asia
  • English speaking and common law based legal system
  • High priced consumerism, market of 8 million people
  • Fintech and technology world leader, healthcare etc.
  • Greater Bay Area – New incentives and cooperation between Hong Kong, Macau and South China, Shenzhen and Guangdong. Policies and benefits
  • Base in HK for R&D and manufacturing in South China
  • Increasing Mainland China influence is actually stimulating the economy and related incentives to engage and invest
  • Highly underrated consumer and retail market
  • Technology transfers, licensing and ERP, anything in Fintech, IT for healthcare and insurance or finance etc is very welcome, it’s a world leading market

SWOT Analysis Hong Kong

Strengths

  • Well controlled, low regulation, ease of doing business for western companies over 100 years
  • Underrated retail consumer demand for foreign goods
  • Connection to Mainland China

Weaknesses

  • Mid sized market
  • Political and board room perception of China influence and future. Unfounded

Opportunities

  • Worth considering as a stand alone market or as part of a wider China or Asian strategy
  • Well established hub for ease of business and regulatory environment as a regional and corporate base for China/Asia
  • Well developed highly skilled workforce

Threats

  • Political climate of perceived China influence
  • Lengthy conservative covid restrictions hurt the economy but now clear and rebounding

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