Hong Kong as a jurisdiction is used more and more to act as a hub in Asia.
A Hong Kong company serves as Asian headquarters, which buys, sells and ships goods – from China or other countries – to countries in Asia or other parts of the world. Hong Kong makes good use of its special (SAR) status within China, its low corporate income tax rate and its modern legal system.
Hong Kong tries to substantiate its role as Asia hub further by concluding (favorable) double taxation treaties – e.g. with Russia in 2016 – and by offering onshore and offshore regimes (and combinations thereof), which may result in an even lower tax burden.