Information about Hong Kong Hong Kong

In 1997, the handover from England to China took place. After the handover, the title of the head of the executive branch became 'Chief Executive of the Hong Kong Special Administrative Region' (SAR). John Lee Ka-chiu has been the Chief Executive SAR since 2022.

Hong Kong SAR offers various opportunities for trade and logistics. For example, there are opportunities for entrepreneurs in the field of freight transport, storage and transport from production location to other locations.
The port of Hong Kong plays an important role in the international trade of the People's Republic of China. Many goods from China are exported or transited via the port. Approximately 190,000 ships call at the port each year, of which approximately 160,000 are inland vessels.
Hong Kong is one of the most important financial centres in Asia, the main trade often involves goods such as machinery and mechanical equipment, electrical machinery and equipment, clothing and furniture.

The region has one of the world's busiest and most efficient international container ports. This makes Hong Kong very suitable as a base for regional and global logistics.

The service sector in Hong Kong SAR accounted for over 93.7% of GDP (2023) and 88.4 percent of employment (2022) of which import and export, wholesale and retail trade (19.4%).

Hong Kong SAR is one of the 4 largest international financial centres in the world. In 2022, the financial services sector accounted for over 22% of Hong Kong SAR's GDP.

• Entrepreneurs in Hong Kong often have long-term visions when it comes to business relationships.
• Negotiations will also take quite some time because of this vision. They like to discuss everything and think it through carefully before making a decision.
• Deals are often not closed in meeting 1 or 2, so take the time to include every perspective in the proposal, so that you are prepared for every downside.
• In Hong Kong, people address each other by their title and surname, so know in advance who you are dealing with and address them in the right way.
• In Hong Kong, they find it important to keep promises.
• Gifts are not usual in business relationships.
• Make sure you are not late for an appointment and communicate formally.

• Hong Kong has a population of 7.4 million people (2021)
• Hong Kong's economy is a highly developed free market economy. It is characterized by low taxes, almost free port trade and a well-established international financial market.
• Hong Kong's GDP is 368.9 billion (2021)
• In 2022, a total of 4.2 million tons of cargo was transported through Hong Kong International Airport; that is more cargo throughput than at any other airport in the world.
• In 2023, trade between the Netherlands and Hong Kong amounted to €3.3 billion exported and €4.3 billion imported