Hong Kong Seeks New Growth Opportunities in Central Asia
Hong Kong will lead a trade delegation to Kazakhstan and Uzbekistan in June as the city looks to expand international trade opportunities beyond its traditional markets.
The visit is expected to strengthen business partnerships and create new opportunities for economic development across Central Asia. According to== the Hong Kong Trade Development Council (HKTDC), the mission is likely to deliver strong business results, with representatives from different industries joining the trip.
Kazakhstan Emerges as a Key Partner for Hong Kong
Kazakhstan is currently the largest economy in Central Asia, with its gross domestic product exceeding US$300 billion in 2025. The country plays an important role as a business and logistics hub connecting China and Europe. Kazakhstan is also Hong Kong’s biggest trading partner in Central Asia and an important export destination. Hong Kong has continued to increase its investment presence in the country and ranked as the fourth-largest Asian investor there as of January 2026.
Financial ties between the two markets are also growing. Last year saw the first dual stock listing involving companies from both Hong Kong and Kazakhstan.
AI and Data Centre Investments Drive New Partnerships
Kazakhstan is now investing heavily in large-scale data centre projects as it aims to become a leading digital hub in the region. HKTDC believes this could create strong opportunities for Mainland Chinese technology companies, especially firms involved in artificial intelligence (AI).
Hong Kong can support these projects by providing financial and professional services. As AI platforms and data centres continue to grow, companies will require more fundraising and financing support, creating opportunities for Hong Kong businesses.
Uzbekistan is also attracting attention due to its fast-growing economy and strategic location in Central Asia. The country has a population of more than 38 million people and has recorded annual economic growth above 5% in recent years.
Infrastructure and Trade Reforms Drive Growth
Historically known as part of the Silk Road trade routes, Uzbekistan is now focusing on improving its investment environment and modernising its economy. The government has introduced reforms to simplify customs procedures, improve digital systems, and strengthen legal and business frameworks.
The HKTDC sees strong potential in Uzbekistan’s infrastructure, logistics, and trade sectors. These improvements are expected to support further economic development and attract more foreign investment.
Hong Kong companies could benefit from entering the market early by partnering with local factories or setting up operations in Uzbekistan. She added that the country’s efforts to promote a “Made in Uzbekistan” brand could help businesses expand into wider Central Asian and European markets.
Stronger Economic Links Across Central Asia
China remains Uzbekistan’s largest trading partner, accounting for more than 20% of its foreign trade turnover. Kazakhstan also plays a major role in China’s regional trade activities, with bilateral trade reaching US$48.8 billion in 2025.
As investment and trade activity in Central Asia continue to grow, demand is expected to rise for Hong Kong’s financial, legal, and professional services. This further strengthens Hong Kong’s position as a key intermediary for international trade and regional economic development.
