HK top priority for Italian companies' Asia expansion: survey

93% believe Hong Kong can effectively support their future Asia expansion plans.

Italian companies with Asian business are prioritising expansion in the Chinese Mainland and Hong Kong, according to a recent survey by the Hong Kong Trade Development Council (HKTDC) and the Italy-China Council Foundation (ICCF)

Of respondents, 93% believe Hong Kong can effectively support their future Asia expansion plans.

Hong Kong's status as a strategic gateway to Asian markets and its capabilities as a logistics and supply chain management hub were also widely acknowledged.

Despite strong interest in Hong Kong, the survey highlighted low awareness and use of regional trade agreements like RCEP and CEPA amongst Italian companies, suggesting potential to strengthen the Italy-Hong Kong commercial relationship.

Bilateral trade reached $64.5b in 2024, with approximately 200 Italian companies currently active in Hong Kong.