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Germany and Hong Kong: Bilateral relations

18.10.2022 - Article

Hong Kong is a hub for international trade and financial services. Since the spring of 2009, Hong Kong’s interests have been represented by the Hong Kong Economic and Trade Office (HKETO) in Berlin. The Hong Kong Trade Development Council (HKTDC) has a regional office for Europe based in Frankfurt am Main.

There are some 600 German companies, branches and regional offices in Hong Kong. Hong Kong is an important gateway to the Chinese market for international financial institutions and companies, and vice versa. Hong Kong is used as a base for doing business not only with mainland China, but also with the entire region.

Institutionally, German business can rely in particular on the support of German Industry and Commerce, the Delegation of German Industry and Commerce, the German Chamber of Commerce, the German Chamber of Commerce Abroad, a Germany Trade and Invest (GTAI) correspondent, a German National Tourist Board (GNTP) office, a trade fair association and the German Consulate General.

Germany is Hong Kong’s most important trading partner in the European Union, with bilateral trade worth a total of approximately 6.9 billion euro in 2021. Germany’s main exports to Hong Kong include automobiles, machinery, electrical and electronic goods, as well as luxury goods and foodstuffs.

Hong Kong’s economic system is characterised by low taxes and free trade; its currency, the Hong Kong dollar, is pegged to the US dollar.

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