Hong Kong is a vibrant city of 7 million people known as an international business, trade, tourist and financial centre.
The economy is characterised by limited import restrictions, free trade, a low and simple taxation system and a robust legal system similar to Australia’s.
Hong Kong is heavily reliant on imports, with over 90% of food and beverages sourced from other countries.
Over 90% of Hong Kong’s food and beverages are sourced from other countries.
Major food import opportunities include:
- meat and meat products
- fresh/chilled beef
- lamb and offal
- fresh fruit and vegetables
- dairy products
Hong Kong is also a significant entry port for re-exporting to mainland China.
The Hong Kong Government has allocated HK$200 billion (A$32.9 billion) for hospital and medical facilities over the next 10 years, providing opportunities for firms in the healthcare design and services sector.
Hong Kong Government will invest HK$55 billion (A$9.8 billion) to build two new hospitals and redevelop four others.
Hong Kong Government will invest HK$55 billion (A$9.8 billion) to build two new hospitals and redevelop four other ones.
From a financial perspective, Hong Kong is a world leader in equity funding and according to China’s Ministry of Commerce, over 50% of China’s outward investment of US$550 billion in 2014 was directed to and through Hong Kong, making it an ideal location to attract funds for investment projects in Queensland.
Over 50% of China’s outward investment is directed to and through Hong Kong.
Hong Kong opportunities
- Healthy, functional, fresh and organic food
- Premium organic meat and seafood
- Student recruitment into higher education
- Consumer products in health and wellbeing such as essential oils, natural skincare products
- Infant care – baby food, skincare products
- Investment into agriculture and infrastructure into Queensland
- Packaged premium food and health drinks
- Green building products and technology
- Student recruitment into schools and higher education
- Investment in aged care facilities in Queensland
- Advanced health and aged care products and services
- Research and commercialisation in innovation technologies