Author: Sophie Dean, CBL Business Advisor
Have you thought about taking your business to Hong Kong?
Located on the South China Sea coast, with a population of over 7 million people, Hong Kong is number 4 in the World Bank’s ease of doing business rankings, number 5 in the score for starting a business and is a gateway to China’s markets.
MarketLine’s Country Analysis Report: Hong Kong, In-depth PESTLE Insights cites UNCTAD’s ‘2018 World Investment Report, which shows that Hong Kong received the third largest inflow of Foreign Direct Investment in the world in 2017 after the US and China. MarketLine highlights Hong Kong’s “free ports, a simple tax system, and excellent infrastructure facilities”, which has made it an attractive place for investors, as well as its location as a gateway to China.
To help you decide on your next steps, visit City Business Library to access valuable market research data on Hong Kong, including:
MarketLine: Find Hong Kong industry profiles on online retail, travel and tourism, consumer electronics and more. The reports include a market overview, market segmentation and information on the leading companies. A PESTLE insights report is also available for Hong Kong.
Mint Global: The company information database Mint Global will provide you with mailing lists of companies in Hong Kong. You can download a list of 250 companies a day, searching by industry, company size and other criteria.
IbisWorld: Access 280 industry reports on China, which include the industry performance, outlook, competitive landscape and operating conditions. IbisWorld will have a stand at the event where you can have a demonstration of this database.
Would you like to find out more?
Why not attend City Business Library’s event, in association with the Hong Kong Trade Development Council, on Thursday 6th June (5.30pm – 8.30pm)? The event, International Trade: Hong Kong – Gateway to China, will be an introduction to doing business in Hong Kong and China. You will find out about the opportunities and challenges and will learn about the support available to businesses. See the agenda and book a place here.
Additional resources
The following websites are also useful for information on Hong Kong (if you are considering any other region, let us know and we will do our best to help you find all the information you need):
CIA World Factbook: find an overview of the economy, geography, communications, transportation and more. https://www.cia.gov/library/publications/the-world-factbook/
Hong Kong Trade and Development Council (HKTDC) research: http://research.hktdc.com/
Small Business Research and Enterprise 