Introduction

Hong Kong is an international financial centre and is well known for being ranked as one of the best economies in terms of ease of doing business in the world. Given its simple tax structure, well-established legal system, sound financial market, free flow of information, sophisticated workforce and the government’s long-standing capitalist 'laissez-faire' Policy, thousands of multinational corporations have chosen to establish their foothold in Hong Kong. As of the end of 2024, Hong Kong has shown resilience, with a real GDP growth forecast of 2.5% for the year despite global economic uncertainties.

Today, the People’s Republic of China (China) is the second largest economy in the world after the United States and is one of the fastest-growing major economies. China has been gradually transforming itself from being 'the world’s factory' into a significant consumer and financial market itself given its increasingly affluent population. Hong Kong’s geographical and cultural proximity to China, together with its international business environment and world-class infrastructure, have made it the ideal gateway for foreign investors to enter this enormous market.