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SCMP Editorial
Editorial
SCMP Editorial

Hong Kong’s economic and trade network plays to city’s strengths

The opening of a new Economic and Trade Office in Kuala Lumpur is part of a strategic move towards bolstering relations with Asean

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Secretary for Commerce and Economic Development Algernon Yau takes part in a lion dance ceremony to mark the official opening of the Hong Kong Economic and Trade Office in Kuala Lumpur, Malaysia, on August 11. Photo: Information Services Department
SCMP Editorial
Editorials represent the views of the South China Morning Post on the issues of the day.
Hong Kong is finding its place in the national mission and is rapidly increasing its economic footprint across Asia. The opening of a new Economic and Trade Office (ETO) in Kuala Lumpur marks a significant expansion of the city’s network, bringing the total number of overseas ETOs outside mainland China to 15. Hong Kong also has five offices on the mainland.

The establishment of the Kuala Lumpur ETO represents a rapid achievement for the administration, moving from the initial announcement by Hong Kong officials following a visit to Malaysia to full operations in just two years, bolstered by the strong support of the Malaysian government. This demonstrates the strength of bilateral ties.

The timing of the opening is viewed as critical. Collectively, the Association of Southeast Asian Nations is Hong Kong’s second-largest merchandise trading partner, with total goods trade last year reaching HK$1.67 trillion (US$212.83 billion), equivalent to 15.3 per cent of the city’s global merchandise trade. The annual growth rate averaged an impressive 7.6 per cent from 2021 to 2025.

Asean is projected to become the world’s fourth-largest economy by 2030. Meanwhile, bilateral trade between Hong Kong and Malaysia reached US$34.8 billion in 2025. The country is Hong Kong’s eighth-largest trading partner overall and its third-largest trading partner within the Asean bloc, underpinned by growing cooperation in hi-tech manufacturing, finance and regional trade infrastructure.

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