Doing Business in Hong Kong

Hong Kong is ideally positioned for international trade, and is a magnet for companies keen to take advantage of growing markets within the wider region.

Hong Kong has been popular with Australian businesses for decades – and for good reason. This world city is ideally positioned for international trade, and is a magnet for companies keen to take advantage of growing markets within the wider region, as well as reach Hong Kong's own affluent population. Strategically located at the crossroads of China and North Asia, most cities in Asia are less than a five-hour flight away. Hong Kong also enjoys easy access to the Pearl River Delta in southern China, a global manufacturing centre and one of the fastest-growing regions in the world.  

Doing business in Hong Kong is an attractive proposition for many reasons.

  • Hong Kong enjoys a clean and efficient government system and the rule of law is well-established
  • A booming tourism industry which attracts more than 60 million tourists a year, Hong Kong is an ideal market for establishing a presence in the region
  • Enjoys a highly educated and skilled local population while attracting talent from around the world (international workforce)


Want to learn more? Download the Hong Kong Starter Pack

Doing Business in Hong Kong

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  • Why do business in Hong Kong?

    Strategically located at the crossroads of China and North Asia.

    Hong Kong has been popular with Australian businesses for decades – and for good reason. This world city is ideally positioned for international trade, and is a magnet for companies keen to take advantage of growing markets within the wider region, as well as reach Hong Kong's own affluent population. Strategically located at the crossroads of China and North Asia, most cities in Asia are less than a five-hour flight away. Hong Kong also enjoys easy access to the Pearl River Delta in southern China, a global manufacturing centre and one of the fastest-growing regions in the world.  

    Looking to expand your knowledge further? Discover the Asian business events and relevant advisory & insights to help realise your opportunities in the Asian markets.

  • Opportunities for Australian businesses in Hong Kong

    The opportunity to target the growing numbers of wealthy consumers in Asia.

    Current opportunities exist in:

    • Food and beverage
    • Wine
    • Seafood
    • Clothing and fashion
    • Skincare and cosmetics
    • Aged care
    • ICT technologies

    Hong Kong is a popular base for Australian businesses looking to:

    • Expand into the sometimes challenging market of China from a location with a developed legal system, simpler business structures and low taxes.
    • Target the growing numbers of wealthy consumers in Asia and build relationships with global companies.
    • Seize opportunities in China's growing services market – more than 1500 Australian businesses have a presence there.
    • Build relationships with global players such as HSBC, Morgan Stanley and Adidas, all of whom have offices in the territory.

    As a developed, knowledge-based economy and home to affluent consumers, Hong Kong is not a low cost location for doing business – especially when compared to nearby locations in southern China. But the high cost of doing business is offset by the opportunities available.

     

    More information on opportunities for Australian businesses in Hong Kong is available in the Asialink Business Hong Kong Starter Pack.

  • Hong Kong's relationship with Australia

    Ties between Hong Kong and Australia are likely to continue to grow.
    • Hong Kong and Australia share a common outlook and values on matters such as personal freedoms and the rule of law, and opposition to the death penalty.
    • Hong Kong and Australia have a shared commitment to open markets and trade liberalisation, and both are members of the World Trade Organisation (WTO) and Asia-Pacific Economic Cooperation (APEC).
    • While Australia and Hong Kong do not have a free trade agreement, Hong Kong's low trade barriers make it an easy market for Australian businesses to access.

    Ties between Hong Kong and Australia go back as far as the mid-19th century. Today, shared commercial interests and significant people-to-people links mean the relationship remains strong, and thanks to Hong Kong's central position in Asia and familiarity to Australians, ties between Hong Kong and Australia are likely to continue to grow into the future.

    As Hong Kong is a Special Administrative Region of China, the official relationship between Australia and Hong Kong is part of the broader Australia-China relationship. However, while Beijing assumes ultimate responsibility for Hong Kong's relations with other countries, under the 'one country, two systems' principle, Hong Kong enjoys considerable autonomy.

    In particular, it has some leeway in trade and economic ties. Australia and Hong Kong both maintain representative offices in each other's territories. The Hong Kong Economic and Trade Office represents the territory's interests in Australia, while the Australian Consulate-General in Hong Kong manages the substantial commercial and people-to-people links between Australia and Hong Kong, dealing directly with the government of Hong Kong.

     

     

    More information on Australia's relationship with Hong Kong is available in the Asialink Business Hong Kong Starter Pack.