HONG KONG

All eyes on the Mainland

BB3

SENSITIVE RISK for entreprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

The country risk assessments are your North Star metrics to make the right decision for your business and understand the risks in international trade. We have always the best solution for your needs

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GDP USD366bn (World ranking 35, World Bank 2019)
Population 7.5mn (World ranking 102, World Bank 2019)
Form of state Special Administrative Region of the People’s Republic of China
Head of government Carrie Lam (Chief Executive)
Next elections September 2021, legislative
  • Gateway to mainland China, close ties with the Chinese market (competitive advantage for trade, finance and services)
  • Strong external liquidity and public debt position
  • Sound banking system and proven monetary policy framework
  • Very strong business environment
  • Long-term competition from Mainland China cities
  • Sensitive to political developments in Mainland China and U.S.-China relations.
  • As a small, very open and financially integrated economy, Hong Kong is highly sensitive to global economic and financial shocks
  • Exposed to local property sector price fluctuations

Trade structure by destination/origin

(% of total)

Exports Rank Imports
China 55%
1
45% China
United States 7.3%
2
7.3% Taiwan
India 2.9%
3
6.5% Singapore
Japan 2.9%
4
5.8% Japan
Taiwan 2.2%
5
4.9% Korea, Republic of

Trade structure by product

(% of total)

Exports Rank Imports
Electrical machinery, apparatus and appliances, n.e.s. 56.16%
1
53.18% Electrical machinery, apparatus and appliances, n.e.s.
Machinery and mechanical appliances 13.17%
2
11.47% Machinery and mechanical appliances
Pearls, precious and semi-precious stones, precious metals, and articles thereof 10.1%
3
9.38% Pearls, precious and semi-precious stones, precious metals, and articles thereof
Optical, measuring, precision, medical instruments and related products 3.35%
4
3.05% Optical, measuring, precision, medical instruments and related products
Plastic products 1.69%
5
2.49% Mineral fuels, mineral oils and related products
The payment behavior of domestic companies is acceptable, taking 30 to 90 days on average but delays are frequent and late payments are not regulated by law.

  • Low

  • Medium

  • Sensitive

  • High

  • Payments

  • Court proceedings

  • Insolvency proceedings

  • Payments

  • Court proceedings

  • Insolvency proceedings

Hong Kong courts are reliable and swift in dealing with business claims; however when it comes to dealing with insolvent debtors, the law provides no formal procedures to achieve a restructuring of the company’s debts.

Contact Euler Hermes

Economic Research Team

research@eulerhermes.com

Françoise Huang

Senior Economist for Asia

francoise.huang@eulerhermes.com

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