All eyes on the Mainland
SENSITIVE RISK for entreprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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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 |
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- 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
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- 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%
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1 |
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United States
7.3%
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2 |
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India
2.9%
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3 |
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Japan
2.9%
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4 |
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Taiwan
2.2%
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5 |
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Trade structure by product
(% of total)
Exports | Rank | Imports |
---|---|---|
Electrical machinery, apparatus and appliances, n.e.s.
56.16%
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1 |
53.18%
Electrical machinery, apparatus and appliances, n.e.s.
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Machinery and mechanical appliances
13.17%
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2 |
11.47%
Machinery and mechanical appliances
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Pearls, precious and semi-precious stones, precious metals, and articles thereof
10.1%
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3 |
9.38%
Pearls, precious and semi-precious stones, precious metals, and articles thereof
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Optical, measuring, precision, medical instruments and related products
3.35%
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4 |
3.05%
Optical, measuring, precision, medical instruments and related products
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Plastic products
1.69%
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5 |
2.49%
Mineral fuels, mineral oils and related products
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Low
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Medium
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Sensitive
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High
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Payments
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Court proceedings
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Insolvency proceedings
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Payments
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Court proceedings
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Insolvency proceedings
LATEST NEWS ABOUT HONG-KONG
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Global trade: Battling out of demand and price shocks
The invasion of Ukraine and renewed Covid-19 outbreaks in China are hitting global trade with a double whammy in 2022: lower volumes and higher prices.
Economic Outlook: Energy, trade and financial shockwaves
The Russian invasion of Ukraine has brought back significant headwinds to the global economic recovery and raised wider geopolitical risks.
China’s great crunch: causes and consequences, at home and abroad
A mix of temporary and self-inflicted factors has sparked a sudden slowdown in China, which we expect to continue through Q4 2021 and the beginning of next year.
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