Service Firms Witness Growth

As the preferred hub for business and professional services in the region, Hong Kong has witnessed remarkable growth in this sector.

The professional services industry

has approximately 13,800 establishments and employs about 102,000 people. It generates over US$5 billion in value added annually, or 3.1% of Hong Kong's GDP. The business receipts of the professional services has been growing with the robust economic situation in Hong Kong coupled with mainland China's growing demand for professional services.

Hong Kong is an obvious choice of location if your goal is business success in Asia.

Interested in the mainland China market but unsure how best to enter?

The Closer Economic Partnership Arrangement (CEPA) presents opportunities to prospective foreign professional firms to gain preferential access to the Mainland market via partnership with Hong Kong service providers. Utilising Hong Kong's expertise helps you gain access to the mainland China market ahead of the WTO schedule while offering a prudent risk management strategy. Business and professional service sectors covered by CEPA include management consulting, accounting, legal services, executive search and recruitment, advertising, PR, medical and dental services, construction and related engineering services, education and more.

Includes firms rendering legal, accounting, auditing, bookkeeping, architectural, surveying, and engineering services as well as those engaged in business management and consultancy services

Hong Kong, the preferred hub for business and professional services in the region