By overviewing the role of Hong Kong to the European Union (EU), the world’s largest economic bloc and a key global actor, the purpose of this paper is to understand any change in…
Abstract
Purpose
By overviewing the role of Hong Kong to the European Union (EU), the world’s largest economic bloc and a key global actor, the purpose of this paper is to understand any change in international prominence and status of Hong Kong after two decades of its sovereignty return.
Design/methodology/approach
It is based on analysis of statistics, government discourses and official documents.
Findings
Main findings are that although the function of Hong Kong as an entrepot of China–EU trade and the ranking of the city as the EU’s trade partners have both diminished, the city sustains its roles as a platform to enter Mainland China, a regional hub in Asia, a major international capital market, a diplomatic counterpart and a partner in socio-cultural aspects to the EU. This paper agrees with the EU’s view that continuous well-functioning of Hong Kong under “One Country, Two System” serves stake of the Union which is keen on helping the SAR to ensure its high autonomy. Yet, the determinants remain Hong Kong and Beijing Governments, which have been and should continue to make use of Hong Kong’s closer tie with the mainland to promote international importance of both the city and China.
Originality/value
Research on relations between Hong Kong and the EU has been few, especially so in the past decades. This paper serves as a stock-take of the most recent developments in Hong Kong–EU relation.