When asked where they would move their business to if forced, 34% said only Hong Kong would serve their needs, while 34% said they could move to Mainland China. Our key competition is clearly from the mainland.
The advantages of the Hong Kong business environment also bring their own unique challenges. Being the gateway to Mainland China today means more than just an open trading port for ships and merchants. It means having the infrastructure, technology and efficiency to channel billions of RMB in business between Mainland China and the rest of the world.
The survey found that the most important aspects of access to Mainland China were sales and procurement, which means that international payments presented a big challenge for finance decision makers.