Hong Kong-Canada Economic Ties
Canada and Hong Kong have long shared close economic and people-to-people ties that have supported cultural exchange and mutual economic gain. Hong Kong also serves as a gateway between Canada and China, making the Canada-Hong Kong relationship key for Canada-China relations and the future of Canada’s economy.
The value of Canada-Hong Kong trade totaled more than C$15 billion in 2019 and Hong Kong is one of Canada’s most important investment partners. The number of investments in Canada originating from Hong Kong surpassed those from mainland China in 2020 and 2021 for the first time since 2004, and, as of 2018, Hong Kong based businesses supported 22,295 jobs in Canada and contributed C$4.2 billion to Canadian annual GDP. Hong Kong is also home to the second largest community of Canadian Citizens living abroad, behind the US, and more than 500,000 Canadians living in Canada are of Hong Kong descent, which demonstrates the intensity of the Canada-Hong Kong relationship, particularly on the human side.
Authored by the China Institute at the University of Alberta (CIUA) and commissioned by the Canada China Business Council (CCBC), this report, titled Hong Kong-Canada Economic Ties, discusses trade, investment, immigration, and other relevant issues to support evidence based business strategy and policy development that promotes mutual prosperity.
We would like to thank Shaoyan Sun, Evan Oddleifson, Darren Choi, Camille Bourgeois-Fortin, Guofeng Wu, and Sean Janke for researching and authoring this report, as well as Genevieve Ongaro for graphic design, and Jia Wang for her project oversight.
For more information on these organizations or this report, please contact Genevieve Ongaro, Design and Communications Specialist, at genevieve.ongaro@ualberta.ca (China Institute) or Alyssa Dalton, Director of Communications, at communications@ccbc.com (CCBC).