The Emergence 2025 Investment Conference featured a global perspective on investment opportunities, with a spotlight on Hong Kong as a premier destination for companies seeking expansion into Asia. Max Lau, Head of Investment Promotion at Invest Hong Kong, articulated the unique advantages the city offers, positioning it as a strategic gateway to both Mainland China and the dynamic Southeast Asian markets.

Lau emphasised Hong Kong’s established role as a “launchpad for conducting your business in Mainland China as well as into the Southeast Asia countries.” This strategic advantage is underpinned by Hong Kong’s robust network of free trade agreements with ASEAN countries, facilitating seamless expansion into high-growth economies like Thailand, Vietnam, and Indonesia. As Lau explained, ” if you set up your presence in Hong Kong they’ll be extremely easy for you to further expand your business network into the Southeast Asia countries.” Furthermore, its proximity to Mainland China and the Greater Bay Area provides an unparalleled entry point into one of the world’s largest consumer markets.

Beyond its geographical advantages, Hong Kong prides itself on its ease of doing business. Lau highlighted the city’s common law legal system, aligned with international practices, which provides a familiar and reliable framework for foreign companies. Additionally, Hong Kong’s open financial environment with no capital controls offers significant flexibility for businesses managing their financial resources.

Invest Hong Kong is actively focused on attracting businesses within key innovation-driven sectors. Lau identified “Innovation and Technology” as a primary focus, aligning with Hong Kong’s ambition to be a regional technology hub. Within this broader category, specific areas of interest include the healthcare industry (pharmaceuticals and medical devices), financial services (including family offices), and sustainability.

Recognising that talent is crucial for success in any new market, Lau assured that Hong Kong boasts an “international supply of talents.” The city attracts professionals from around the globe with expertise in finance, law, and accounting. Notably, there is a significant Australian population in Hong Kong, currently around 100,000, alongside a strong influx of returning expatriates from the UK and Europe. Complementing this international talent pool is a strong supply of skilled professionals from Mainland China, particularly in high-demand areas like AI and data sciences. As Lau stated, “we have, for example, around 100,000 Australians currently living in the Hong Kong market, not to mention those from the UK and Europe.”

A Supportive Ecosystem for Growth

For companies looking to test their potential in a new market, Hong Kong offers a vibrant and supportive ecosystem. Lau highlighted the availability of various “incubation as well as the startup ecosystem in Hong Kong.” Invest Hong Kong actively organises events like the Start Me Up Hong Kong Festival and Hong Kong Fintech Week, providing platforms for foreign companies to connect with industry participants, potential investors, and business partners. Furthermore, hubs like Cyberport and Hong Kong Science Park offer crucial resources and funding programs for startups.

In conclusion, Max Lau’s insights underscore Hong Kong’s unique position as a strategic gateway to the Asian markets. Its blend of geographical advantages, a business-friendly environment, a strong talent pool, and a supportive ecosystem, particularly within key innovation sectors, makes it a compelling destination for Australian companies looking to expand their global footprint. As Lau aptly advised, companies should “definitely speak with Invest Hong Kong” to navigate the opportunities and leverage the available support for a successful market entry.