Hong Kong’s business climate still favourable, survey shows
21 JUNE, 2019
Earlier this year, Team Sweden published its Business Confidence Survey of 2019. The survey provides a view on the current and future business climate in Hong Kong from a diverse set of primarily Swedish founded companies. The findings of the survey indicate that the current business climate is considered favourable, but that the upcoming three years will be relatively less favourable.
When asked to give their opinion on the business climate on a scale of 1 to 5, where 1 is equal to “not favourable” and 5 is “very favourable”, the majority of respondents consider the current business climate favourable. However, the upcoming three years are expected to be relatively less favourable according to the respondents, with only 33 per cent foreseeing a more favourable future.
Increasing prices of accommodation and office space continue to be widely regarded as the most important challenges when operating in Hong Kong. The legal framework and the transparency are considered to be Hong Kong’s most important advantages, closely followed by its geographical location, infrastructure and communications. China remains the market that the majority of respondents consider among the three most interesting, followed by Hong Kong and Vietnam.
Read the full survey at www.swedcham.com.hk.