Bringing Franchise Partners Together
Hong Kong is the ideal place for franchise operations to launch their offerings in Asia’s fast-growing consumer market.
Ever since American fast-food chain McDonald’s opened the first of its Hong Kong outlets in 1975, franchised operations have been a stalwart of the city’s SME landscape. As noted by the Hong Kong Franchise Association (HKFA), a support organisation established under the Hong Kong General Chamber of Commerce (HKGCC), Hong Kong is ripe for individually-operated franchises. “The legal climate is conducive to franchising in Hong Kong,” explained Shirley Yuen, HKGCC CEO. “As a free market open to all, there are no barriers to trade, no restrictions on investment, and no foreign-exchange controls.” The city’s well-developed infrastructure, excellent telecommunications network and industrious workforce also help franchised SMEs to hit the ground running.