Hong Kong has always enjoyed strong connections with the Mainland and the rest of the world, making it an appealing destination for companies around the globe to do business. In fact, as the world grapples with economic and geopolitical uncertainties, the city’s role as a super-connector has never been more crucial.   

During our CEO 123 talk last month, Professor Philip Chen explained his “great cities theory,” which argues that the common denominator among top metropolises is that they are air hubs anchored by a strong home carrier with an excellent network. 

Located at the heart of Asia, Hong Kong lies within four hours of air travel to major Asian cities and five hours to half the world’s population. In fact, Hong Kong International Airport is one of the world’s busiest airports and the leading air cargo hub, which is very impressive for a city with a population of just over 7 million people. The opening of the third runway at the end of the year will also boost the city’s standing as a leading aviation hub, and the International Air Transport Association is highly optimistic about Hong Kong’s comeback after the struggles of the pandemic years. 

A reputable international airline plays an important role in boosting the economy by increasing visitor numbers and creating local job opportunities. Cathay Pacific actively promotes Hong Kong as a destination for both tourism and business. As Chen pointed out, the airline acts as an “ambassador” and influences perceptions of its home base. The carrier, which is planning to resume flights to Riyadh in Saudi Arabia in October, intends to add new routes once it has regained its pre-pandemic capacity.

Hong Kong must also take advantage of its proximity to the Mainland and Greater Bay Area by enhancing its cross-boundary transport network, which would raise the city’s profile as a regional transport hub. A recent example of this is the introduction of overnight high-speed sleeper trains between Hong Kong, Beijing and Shanghai. Hong Kong is also working with the Shenzhen and Guangdong governments to strengthen rail and road links, respectively. Alongside developing such infrastructure, Hong Kong authorities are considering a logistics data platform that will connect the airport and seaports for better information flow.

Hong Kong’s strategic geographical location, advanced infrastructure and reputation as a world-class aviation hub give it an edge over our competition. To further expand as a leading, influential world city, Hong Kong must be ambitious in building new bridges, revitalizing international networks and leveraging its status as a premier destination for businesses and talent to connect.

Patrick Yeung
[email protected]