As an international business hub, Hong Kong offers a business-friendly environment with a fine tradition of the rule of law and judicial independence, small and efficient government, simple tax regime with low tax rates, free flow of capital and information, a well-established and comprehensive financial network, world-class infrastructure, sophisticated support services, as well as a flexible labour market with a well-educated workforce and a pool of efficient and innovative entrepreneurs.
The Silk Road Economic Belt and the 21st Century Maritime Silk Road (the Belt and Road Initiative) is an important national development strategy which promotes co-operation among countries and regions in areas of policy co-ordination, facilities connectivity, unimpeded trade, financial integration and people-to-people bond. As a key link and the prime platform for the Belt and Road Initiative, and with the Central Government’s support, Hong Kong can capitalise on its unique advantages to connect the Mainland with other Belt and Road regions, in areas such as international project financing, offshore Renminbi (RMB) business, professional services, as well as economic and trade co-operation.
Please refer to our dedicated website for more information on the Belt and Road Initiative, as well as the Hong Kong Trade Development Council’s Belt and Road Portal for key insights and up-to-date developments on the opportunities available in the Belt and Road Initiative.
The Guangdong-Hong Kong-Macao Greater Bay Area (Greater Bay Area) is a vibrant city cluster that comprises the Special Administrative Regions of Hong Kong and Macao, as well as nine municipalities in Guangdong Province, including Guangzhou, Shenzhen, Zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen and Zhaoqing. The development of the Greater Bay Area is a major long-term initiative taken forward by the Chinese national government, and is designed to promote coordinated regional economic development by fully leveraging the unique advantages of the involved regions and municipalities.
Being the most open and international city in the Greater Bay Area, Hong Kong is known for its status as international financial, transportation, trade centres and aviation hub as well as its renowned professional services. Enjoying the dual advantages of "one country, two systems", Hong Kong plays an important role in the development of the Greater Bay Area. On the one hand, Hong Kong will facilitate and support the economic development of the region, with a view to enhancing the role and functions of the Greater Bay Area in the country’s two-way opening up; on the other hand, we will facilitate the development of industries in which Hong Kong’s strengths lie in the Greater Bay Area, capitalising on Hong Kong’s strengths to serve the country's needs.
Please refer to the dedicated website for more information on the Guangdong-Hong Kong-Macao Greater Bay Area, as well as the Hong Kong Trade Development Council’s portal for important business and trade information about the Greater Bay Area.
The Closer Economic Partnership Arrangement (CEPA) is a free trade agreement signed between the Mainland of China and Hong Kong in 2003, covering trade in goods, trade in services, investment protection and facilitation, and economic and technical cooperation. Throughout the years, the Mainland and Hong Kong have continuously expanded the scope and content of CEPA. CEPA provides a wide range of benefits manufacturers, service suppliers, and professionals in Hong Kong, as well as investors from and outside Hong Kong.
Please visit the Trade and Industry Department’s website for more information on CEPA.