Hong Kong–Malaysia relations explained

Filetype:svg
Mission1:Hong Kong Embassy, Kuala Lumpur
Mission2:Malaysian Embassy, Hong Kong
Envoytitle1:Ambassador
Envoy1:Ouyang Yujing
Envoytitle2:Ambassador
Envoy2:Raja Dato' Nushirwan Zainal Abidin

Hong Kong–Malaysia relations (Chinese: t=香港與馬來西亞的關係 ; Malay: Hubungan Hong Kong–Malaysia; Jawi: هوبوڠن هونج كونج–مليسيا) refers to bilateral diplomatic relations between Hong Kong and Malaysia.

Hong Kong enjoys significant autonomy in economic, trade, financial and monetary matters, Both regions were colonized by the British Empire and are Cantonese-Speaking.[1] Malaysia maintains a consulate general office in Hong Kong.[2]

Diplomatic representation

As a Special Administrative Region of the People's Republic of China, Hong Kong is formally represented in Malaysia by the Chinese Embassy in Kuala Lumpur.[3] Hong Kong's trade relations with Malaysia are handled by the Hong Kong Trade and Development Council in Kuala Lumpur.[4] Malaysia did not establish diplomatic relations with the People's Republic of China until 31 May 1974.[5]

Malaysia has a Consulate General in Wan Chai.[6] This was established on 2 July 1971.[7] As Hong Kong was then under British rule, this was then known as a Commission, as were the missions of some other Commonwealth countries.[8] Following the transfer of sovereignty in 1997, the Commission was renamed the Consulate General, and the last Commissioner became Consul-General.[9] The current Consul-General of Malaysia in Hong Kong is Yap Wei Sin who took up the post in March 2019.

Economic relations

In 2010, Malaysia became the 10th largest trading partner for Hong Kong with the total trade increased from HK$87.2 billion in 2009 to HK$110.5 billion.[1] These total trade was later increase to $14.65 billion in 2013.[10] Malaysia also became one of the 18th largest investors into Hong Kong in 2009, with an Inward Direct Investment (IDI) stock of HK$16.5 billion, while Hong Kong investment to Malaysia worth to HK$43.9 billion.[1]

In 2010, Hong Kong became the third largest foreign direct investment (FDI) in Malaysia with a total investments ofRM2.77 billion in 11 projects comprising nine new projects and other two expansion/diversification projects.[11] There are 7 regional headquarters, 19 regional offices and 33 local offices which been set up by the Malaysian companies in Hong Kong.[1] An agreement on double tax avoidance and prevention of fiscal evasion was signed in 2012.[12] [13]

Medical tourism

As of 2012, the number of visitors from China (including Hong Kong) to Malaysia for medical treatment has doubled, from 7,500 in 2010 to 15,000.[14]

Further reading

Notes and References

  1. Web site: Hong Kong - Malaysia Trade Relations. Trade and Industry Department, Hong Kong. July 2011. 23 May 2014. https://web.archive.org/web/20140522233528/http://www.tid.gov.hk/english/aboutus/publications/factsheet/malaysia2011.html. 22 May 2014. dead.
  2. Web site: Official Website of Consulate General of Malaysia, Hong Kong. Ministry of Foreign Affairs, Malaysia. 18 April 2017.
  3. Web site: Home. Embassy of the People's Republic of China in Malaysia. 14 September 2017.
  4. Web site: HKTDC Kuala Lumpur. Hong Kong Trade and Development Council. 14 September 2017.
  5. Web site: China, Malaysia work for greater cooperation. People's Daily. 31 May 2004. 14 September 2017.
  6. Web site: Official Website of Consulate General of Malaysia, Hong Kong. Ministry of Foreign Affairs, Malaysia. 23 May 2014.
  7. Web site: Official Website of Consulate General of Malaysia, Hong Kong – History. Ministry of Foreign Affairs, Malaysia. 23 May 2014.
  8. Book: Christine Genzberger. Hong Kong Business: The Portable Encyclopedia for Doing Business with Hong Kong. 1994. World Trade Press. 978-0-9631864-7-8. 266–.
  9. Web site: In the swing of things. Embassy Networking for Diplomats. 2010. 14 September 2017. https://web.archive.org/web/20151023121518/http://www.embassymagazine.com/Biog/biog_countries/biog_emb28_malaysia.html. 23 October 2015. dead.
  10. Web site: Hong Kong the top FDI source for Malaysia. Cheryl Poo. The Star. 14 March 2014. 23 May 2014.
  11. Malaysia International Trade and Industry Report – Foreign Investments (Hong Kong SAR). Malaysia International Trade and Industry Report 2006. Ministry of International Trade and Industry. 2010. 23 May 2014 . 27. 0128-7524. https://web.archive.org/web/20130913214936/http://www.miti.gov.my/cms/documentstorage/com.tms.cms.document.Document_91191038-c0a81573-84a084a0-aee28516/MITI%20Report%202010.pdf. 13 September 2013. dead.
  12. Web site: Hong Kong signs tax treaty with Malaysia. Inland Revenue Department, Hong Kong. 25 April 2012. 23 May 2014.
  13. Web site: Malaysia (Comprehensive Double Taxation Agreement). Inland Revenue Department, Hong Kong. 25 April 2012. 23 May 2014.
  14. Web site: Malaysia Healthcare Travel Council anchors itself in Hong Kong. InvestHK. 29 August 2013. 23 May 2014. https://web.archive.org/web/20140522233533/http://www1.investhk.gov.hk/news-item/malaysia-healthcare-travel-council-anchors-itself-in-hong-kong/?am_force_theme_layout=mobile. 22 May 2014. dead.