Deepening Ties: Hong Kong and France Strengthen Bilateral Trade and Investment

Strategic Insights -

Hong Kong and France have enjoyed a strong and deepening trade relationship, with bilateral trade in goods reaching around EUR9 billion last year, making France one of Hong Kong's most important trading partners in the European Union. The Financial Secretary of Hong Kong, Mr. Paul Chan, noted that Hong Kong is a passionate admirer of French products, and French elegance is evident throughout the city, particularly in handbags, fashion, and fine wines. The Consul General of France in Hong Kong and Macau, Christile Drulhe, highlighted the growing interest from French companies and professionals in the opportunities available in Hong Kong.

Key Takeaways:

  • Hong Kong and France have a strong and deepening trade relationship, with bilateral trade in goods reaching around EUR9 billion last year.
  • France is one of Hong Kong's most important trading partners in the European Union.
  • Hong Kong is a passionate admirer of French products, and French elegance is evident throughout the city.
  • A global leader in aeronautical services from France will establish facilities in Hong Kong for aircraft dismantling, parts recycling, and manpower training.
  • Over 350 French companies operated in Hong Kong last year, spanning a wide range of industries.
  • French technologies and expertise have contributed to Hong Kong's development in areas such as smart mobility, energy efficiency, construction engineering, and waste management.
  • In the innovation and technology sector, France ranks among the top three international sources of start-up founders in Hong Kong.
  • In the first half of this year, over 74,000 French visitors came to Hong Kong, a 9% year-on-year increase.
  • Hong Kong continues to be a vital conduit for Mainland investments into Europe and a springboard for Mainland companies expanding into the continent.

Statistics:

  • Bilateral trade in goods between Hong Kong and France reached around EUR9 billion last year.
  • Over 350 French companies operated in Hong Kong last year.
  • Over 74,000 French visitors came to Hong Kong in the first half of this year, a 9% year-on-year increase.
  • Hong Kong stock market recorded an 18% gain last year and has grown by another 20% so far this year.
  • EUR14 billion was raised through IPOs in Hong Kong this year, making it the leading IPO market in the world.
  • International investors, including European ones, played key roles as cornerstone participants in Hong Kong's financial markets.

Sources:

  • Hong Kong SAR Government
  • Contify.com