As one of Asia’s leading international business and financial centres, Hong Kong SAR continues to offer significant opportunities for Swedish companies. Strong infrastructure, low levels of corruption, efficient institutions, and close links to Mainland China and the Greater Bay Area (GBA) continue to make Hong Kong an attractive regional hub across multiple sectors.
At the same time, companies report a more challenging operating environment. High rents, rising labour costs, political developments, talent attraction, and broader geopolitical uncertainty continue to affect competitiveness and long-term planning.
Cooperation between Sweden and Hong Kong SAR remains strong within sectors such as finance, technology, life sciences, advanced services, sustainability, and trade. Hong Kong’s continued role as a gateway to Mainland China and the Greater Bay Area continues to create opportunities for Swedish companies seeking regional growth and partnerships.
Competitiveness in Hong Kong SAR is closely linked to cost efficiency, partnerships, operational flexibility, and local market knowledge. The Swedish brand continues to be strongly associated with quality, sustainability, innovation, and trustworthiness.
Hong Kong SAR continues to be viewed as a highly connected and efficient market with strong infrastructure, advanced business services, and a transparent business environment. At the same time, companies point to cost pressures, political uncertainty, and competition from Mainland Chinese players as ongoing challenges.
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ABOUT THE SURVEY
To assess the opportunities and challenges faced by Swedish companies in international markets, Team Sweden conducts annual Business Climate Surveys across multiple markets worldwide. This year’s survey in Hong Kong SAR includes responses from 58 Swedish companies operating in the market. Professional services companies represent a significant share of respondents, while consumer and industrial companies also make up a considerable share. The majority of respondents have been active in Hong Kong SAR for more than five years.
We would like to extend our sincere appreciation to all participating companies and respondents who contributed to this report. Team Sweden in Hong Kong SAR hopes that the findings will serve as a basis for continued dialogue with Hong Kong authorities and other relevant stakeholders.
