73% of Hong Kong, Greater Bay Area firms speeding up expansion into Asean: survey

Nearly three-quarters of enterprises from Hong Kong and Greater Bay Area cities will speed up their expansion into the Asean market as a primary strategy to mitigate risks from international trade frictions and shifting global supply chains, according to a survey. The survey and research findings, co-published by the Hong Kong Trade Development Council and Singapore-based United Overseas Bank on Wednesday, also revealed that about 98 per cent of enterprises are planning to keep or expand their operations in the Southeast Asian region. The survey, carried out from July to August 2025, polled 600 companies based in Hong Kong and…