RESEARCH REPORT
The future of Hong Kong trade report
In a rapidly evolving global marketplace, staying ahead is essential. The future of Hong Kong trade report, based on insights from 105 cross-border trading companies operating out of Hong Kong in Q3 2024, reveals how the city’s trading companies are navigating new challenges and seizing opportunities through cutting-edge technologies.
IN THIS REPORT
Trading companies are harnessing the power of technology to unlock growth opportunities
82% of Hong Kong traders are eyeing expansion into new markets
Explore how traders are capitalising on emerging opportunities and positioning themselves for growth.
50% will invest in finance automation and global eCommerce platforms
Discover how the strategic adoption of advanced technologies is helping businesses enhance operations and boost profitability.
75% of surveyed traders utilise FinTech for payments and FX
Stay ahead of the competition by understanding the benefits of using these cutting-edge financial tools.
HOW AIRWALLEX CAN HELP
We simplify finance operations so you can focus on growth
Faster international payment with interbank rates
Leverage local payment rails for payouts to over 150 countries and save up to 80% on FX fees.
Streamline global cash management
Skip the long waits and complex paperwork required to set up local currency accounts worldwide. Open Global Accounts with local bank details in 23+ currencies across 60+ countries.
Gain full control of business expenses
AI-powered OCR technology extracts relevant details from uploaded receipts. Connect to your accounting software to automatically sync card expenses and reimbursements.
Trusted by 100,000+ businesses
“I can safely say that revolutionising our global payment infrastructure with Airwallex has fundamentally transformed and accelerated our global commerce ambitions. Plugging into Airwallex payments infrastructure was like upgrading from country roads to a global superhighway overnight.”
“These small percentages here and there add up over time with a real bottom line impact. When I see the rates are good, I’ll convert my AUD into USD, knowing that I’ve saved money that I can re-invest into the business in the long-run.”
“It is crazy to see that kind of technology...it's just one of those ideas where you think, why has this not been done before?”
“Before Airwallex, we had no idea when our payments were going to reach our suppliers. Using Airwallex instead of traditional banks has increased the speed of our overseas transfers and optimised our cashflow significantly. We've also saved up to 99% of our TT and FX fees.”
“Having Airwallex as our global trusted partner means we can spend less time on the phone to the bank, and more time instead focusing on growing our business both domestically and internationally.”
“We are an eCommerce platform, and oftentimes we use online payment services... sometimes we receive payments from abroad. Therefore, Airwallex’s global business account and its fast payment service provide great convenience for us.”
“I’m so thankful that Airwallex exists! In Hong Kong, it's so hard to find financial service providers that are friendly to small businesses. Airwallex allows me to exchange currencies at really great rates, and the interface is very modern and easy to use compared to my bank.“
"After using Airwallex, we are able to use the company cards to directly settle our foreign currency transactions. Airwallex doesn’t charge us any international transaction fees or TT fees."
"We hope to expand overseas in order to enlarge the customer base. Airwallex’s customers-first approach and new features are a good fit for our business needs."
