Is this post implying HK is "business friendly" ? We recently closed and moved our company's HQ from HK back to Aus (it is only a medium business) partly because of how unfriendly HK is for business. Audits every year which are a time burden for all concerned. HSBC is murder to bank with. Driven by their overlords no doubt, they needed the company structures, financial information such as profit forecasts etc that should be confidential for unlisted companies, copies of passports of directors and accountants etc to regain access to the account. God forbid you lose the "token"...try organizing one of those. Tax benefit was marginal and outweighed by compliance costs. Lastly of course, visiting HK used to be an interesting trip. Now it is a visit to China.
I agree with the above, very unfortunately HK's time as an international business capital peaked probably 10 yrs ago.