Baker McKenzie’s Asia Chief Executive Steven Sieker Shares Insights on Doing Business in Hong Kong

Baker McKenzie’s Asia Chief Executive, Steven Sieker, spoke to the Hong Kong General Chamber of Commerce about the city’s evolving landscape and the numerous advantages it offers for businesses. He highlighted one notable advantage: Hong Kong’s status as a free port, especially in light of ongoing debates about the potential introduction of a Goods and Services Tax (GST) to broaden the city’s tax base.

When asked about the impact of Artificial Intelligence, Sieker noted the transformative effects AI has across various sectors, including legal services. He mentioned that while AI enhances productivity, the strict regulations surrounding client data and cross-border information sharing continue to present challenges for AI integration.

Read the full article here: https://www.chamber.org.hk/en/information/the-bulletin_detail.aspx?id=1407