The Close Relationship of Vancouver and Hong Kong

Since decades, Canada and Hong Kong maintains a close as well as long standing trade and economic relationship. The socio-economic and trading relationship of Canada and Hong Kong can be traced back to 1928, when Canada formed its Consulate General in Hong Kong, in Exchange Building, on the Pedder Street. Indeed, Canada is regarded as one of the largest trading partners of Hong Kong. It is estimated that more than 150 Canadian businesses operate in Hong Kong, which includes firms specializing in information technology, construction and engineering, financial services, and insurance as well as intermediary services.

Apart from this, more than 450 Canadian business firms are represented by agents, distributors, and joint venture partners, which in turn have led to the formation of the largest Canadian overseas business community in Asia. Bank of Montreal, Crown Life Insurance, Air Canada, and Manulife, are just few among many of the leading as well as thriving Canadian business firms that conduct their business functions in Hong Kong. As per certain records, the turnover as a result of economic partnership between Hong Kong and Canada was C$5.6 billion in 2006. In short,...