Hong Kong is increasingly interested in Africa for a mix of economic, strategic, trade, and geopolitical reasons.

The relationship is largely driven by Hong Kong’s position as a global financial and logistics hub connected to China’s international expansion strategy.

Trade and Market Expansion

Africa represents one of the world’s fastest-growing consumer markets, with a young population, rising urbanisation, and expanding digital economy.

Hong Kong businesses see opportunities in consumer goods, fintech, logistics, telecommunications, infrastructure, e-commerce, and manufacturing partnerships.

Ms Loretta Lee’s mission, according to findings by Techeconomy, aims to strengthen economic ties with African economies and promote Hong Kong as the premier springboard for African enterprises to tap into the Chinese Mainland and Asia-Pacific markets.

Ms Lee said,

“Africa holds a strategic position in the Global South, representing a vital engine of growth in an era of global economic uncertainty. Interconnectivity is the key to unlocking this potential, and Hong Kong plays a strategic role in linking capital, talent, and innovation and technology between Africa, the Chinese Mainland, and international markets to drive high-quality, multilateral growth. As the Government’s arm for both inward investment and Chinese Mainland enterprises aiming to go global, InvestHK facilitates two-way investment through strategic market insights, extensive global access, targeted promotion and policy facilitation. ”

Ms Lee will visit Johannesburg from May 10 to 13 to meet with representatives from the local chambers, financial institutions, banks, fintech interests, and business and professional services sectors.

Extending her mission to Kigali, Rwanda, from May 13, Ms Lee will represent InvestHK at the Africa CEO Forum to drive high-level exchanges with C-suite executives from the continent’s leading multinationals.

African enterprises establishing a presence in Hong Kong can benefit from a globally recognised common law system and Asia’s most competitive tax regime.

Most recently, Hong Kong has further sharpened its competitive edge by announcing a halve in the profits tax to 8.25 per cent from the standard 16.5 per cent for qualifying physical commodity traders. By combining this fiscal incentive with the city’s status as the world’s pre-eminent offshore Renminbi hub, Hong Kong offers African commodities exporters a high-liquidity, efficient gateway to Asian markets.

In line with the advancement of the National 15th Five-Year Plan, Hong Kong is leveraging its status as a “super connector” and “super value-adder” to support national development.

As China-Africa economic relations pivot towards high-value trade and investment, Hong Kong is uniquely positioned to accelerate two-way capital flows – spurring growth across finance, shipping, and innovation and technology.

Citing the South African national rugby team’s recent first-ever title at the Hong Kong Sevens, Ms Lee emphasised that such vibrant people-to-people connections are not merely symbolic, but serve as a meaningful foundation for driving bilateral economic connection.

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Singapore was the first on the list, with a solid infrastructure and good works focused on the adoption of these technologies.

The study ranked nations using a composite index that incorporated key metrics, including blockchain patents, jobs in blockchain technology, and the number of crypto exchanges. To ensure fair comparisons, the data was adjusted relative to population size.

1. Singapore

With a composite score of 85.4, Singapore leads the global rankings. Known for its progressive approach to technology, the country has over 2,400 blockchain-related jobs and 81 crypto exchanges. Its extensive patent activity further makes it a hub for innovation and adoption.

2. Hong Kong

Scoring 82.7, Hong Kong combines financial expertise with blockchain integration. The city hosts 1,100 jobs in blockchain technology and 52 crypto exchanges, showing its huge role in the crypto economy.

3. Estonia

Even though Estonia is one of the smallest countries on the list, it ranks third with a score of 81.5. Known for its digital-first policies, it has 95 blockchain patents, 52 exchanges, and 149 blockchain-related jobs, ascertaining that size is no barrier to innovation.

4. Switzerland

A global innovator in decentralised finance, Switzerland scores 80.2. The country supports 440 blockchain jobs and operates 32 crypto exchanges, speaking loads about its status as a blockchain-friendly nation.

5. United States

With the highest numbers across most metrics, the United States ranks fifth, scoring 79.8. It leads innovation with 32,000 blockchain patents, employs over 17,000 people in blockchain-related roles, and hosts 166 crypto exchanges.

6. Canada

Canada takes sixth place with a score of 77.3. Its 1,200 blockchain patents and an equal number of jobs in the sector highlight its growing focus on blockchain technology. The country also operates 32 crypto exchanges, offering a stable market for cryptocurrencies.

7. Australia

Scoring 76.8, Australia shows strong progress with 1,400 blockchain patents and 573 jobs in the field. Its 31 crypto exchanges further emphasise the country’s commitment to expanding its blockchain ecosystem.

8. South Korea

With a score of 75.4, South Korea stands out for its commendable 18,000 blockchain patents, the second-highest on the list. However, its smaller workforce of 121 blockchain jobs and 29 crypto exchanges places it in the eighth position.

9. United Kingdom

The UK secures the ninth spot with a score of 74.9. It has a strong presence in the crypto market, operating 95 exchanges and offering 2,673 blockchain-related jobs. The country’s 2,800 blockchain patents also reiterates its focus on innovation.

10. United Arab Emirates (UAE)

The UAE rounds off the list with a score of 73.2. It has steadily grown its blockchain ecosystem, having 340 patents, 414 blockchain jobs, and nine crypto exchanges, focusing on strategic adoption rather than scale.

A spokesperson from ApeX shared their perspective on the findings: “Blockchain technology is no longer just a niche innovation; it has become a cornerstone for digital transformation across industries. The countries leading in this space are not just embracing the technology but are actively shaping its future. What stands out is how diverse approaches—whether through regulatory clarity, investment in talent, or fostering innovation—are paving the way for global adoption. This reflects a broader shift toward decentralization and transparency, which are becoming essential in today’s interconnected economy.”

To access the full research, please follow this link.

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