Jin10 data reports on April 26 that Hong Kong’s Secretary for Administration, Chan Kwok-kee, stated during the “Opportunities Hong Kong” themed interview event on the 26th that the tariff war initiated by the United States presents both “risks” and “opportunities” for Hong Kong. “It has caused a global reallocation of capital, attracting foreign enterprises and investments to Hong Kong.” He mentioned that the Hong Kong SAR government is discussing investment agreements with Saudi Arabia, Bangladesh, Egypt, and Peru, and will also explore potential markets in Central Asia, South Africa, and North Africa with the business and professional services sectors. “We will no longer rely solely on the US market; we will strengthen international exchanges and cooperation, and actively deepen regional cooperation. Trade within the region is not affected by US tariffs, allowing us to expand, deepen, and broaden it.” The Research Director of the Hong Kong Trade Development Council, Fan Yuen-er, stated during the interview event that in recent years, Hong Kong’s exports to the US have decreased while demand from other markets has risen. Therefore, although the US’s tariff threats have created tension in trade, their impact on Hong Kong’s export business is not significant.
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