Economy and Environment
Economic cooperation is a main focus of the overall bilateral relations between Germany and Hong Kong. In this section we provide an overview of the active commercial relationship between Hong Kong and Germany.
Supported by the Consulate General, the Business Environment Council will organise the EnviroSeries conference "Towards a Smart Sustainable City – Potential and Opportunities for Hong Kong" that will explore how a smart city approach can be leveraged to minimise negative environmental impacts, whilst also enhancing liveability and well-being as well as capturing business advantage. Leaders from business and government, policymakers, entrepreneurs and academia from different regions will be invited to talk about various aspects of a smart and sustainable city. The aims are to inspire out-of-the-box thinking and to foster business and government collaboration for a more efficient, competitive and sustainable Hong Kong.
EnviroSeries Conference 2017
National Action Plan for Business and Human Rights
The German Government adopted the National Action Plan for Business and Human Rights in its cabinet meeting on Wednesday (21 December). The goal of this Action Plan is to implement the United Nations Guiding Principles on Business and Human Rights.
Essen awarded "European Green Capital 2017"
The German city of Essen won the European Green Capital Award for 2017. Essen was singled out for its exemplary practices in protecting and enhancing nature and biodiversity, good management of its acoustic environment and efforts to reduce water consumption. The European Commission handed over the title of European Green Capital from the 2016 holder, Ljubljana, to the city of Essen on 21 January 2017. Find out more about this European Green Capital in the link below.
"Essen is green"
Germany Trade & Invest (GTAI)
Germany Trade & Invest (GTAI) is the economic development agency of the Federal Republic of Germany. With more than 50 offices in Germany and abroad and its network of partners throughout the world, GTAI supports German companies setting up in foreign markets, promotes Germany as a business location and assists foreign companies setting up in Germany.
InvestHK releases German publication "Deutsche Fallstudien"
The government body of the Hong Kong Special Administrative Region responsible for promoting Hong Kong as the leading international business location in Asia, Invest Hong Kong (InvestHK), has released the German case study publication "Deutsche Fallstudien" in cooperation with German Industry and Commerce Ltd. / German Chamber of Commerce, Hong Kong. In the publication, 14 German companies in Hong Kong are introduced and given as examples to illustrate why they chose Hong Kong as an investment location. The publication is free of charge and can be retrieved in the following link.
"Deutsche Fallstudien" [pdf, 2,680.08k]
Increasing difficulty for European companies to open bank accounts in Hong Kong
In view of the increasing difficulty for European companies, especially start-ups and new operators, to open bank accounts in Hong Kong, the Hong Kong Monetary Authority (HKMA) stresses that customers must be treated fairly and no legitimate companies should be rejected from opening bank accounts in Hong Kong. It is encouraged that companies file complaints with the HKMA's Complaints Handling Centre when their applications for bank accounts are rejected. Complaints can be lodged via the HKMA link below:
Hong Kong Monetary Authority
Foreign Trade Promotion
Foreign Trade Promotion is one of the core tasks of the Federal Foreign Office. Our missions around the world work closely with the Federal Ministry of Economics, the German Chambers of Commerce and the Germany Trade & Invest (GTaI) to support and advise German companies operating overseas.
Foreign trade promotion by the Federal Foreign Office
Germany as a Location for Business and Investment
Germany's location at the heart of Europe gives foreign investors and visitors to trade fairs access to the entire European Union market. Make use of this opportunity!
Port of Hamburg awarded "Best Seaport – Europe 2015"
The Port of Hamburg, Germany’s largest seaport, was elected "Best Seaport – Europe 2015". For the full story, please visit the following link.
LOGISTICS made in Germany - Your Gateway and Hub to Europe
Welcome to Germany - Europe's number one logistics location! There are more goods passing through Germany than through any other country in Europe. The "Logistics Alliance Germany" is an initiative by the Federal Government to strengthen Germany as Europe's gateway and logistics hub. Find out more about the alliance's activities, upcoming trade shows, publications, and its members on the following website: www.logistics-alliance-germany.de.
A flyer with comprehensive information and 10 good reasons for Germany – as Europe's number one logistics location number - can be downloaded from the link below.
Flyer - LOGISTICS made in Germany [pdf, 949.67k]
The Federal Ministry for Environment, Nature Conservation, Building and Nuclear Safety is responsible for environmental affairs within the German Federal Government.