Secretary for Constitutional and Mainland Affairs Erick Tsang has called on Hungarian businesses to set up their Asia-Pacific headquarters in Hong Kong to seize the "boundless opportunities" of the Greater Bay Area (GBA).

Speaking at the Guangdong-Hong Kong-Macau Greater Bay Area - Europe (Hungary) Economic and Trade Cooperation Exchange Conference in Budapest, the minister hailed Hong Kong's position as GBA's international entry point and the role as a "super connector".

"Set up your Asia-Pacific headquarters in Hong Kong before expanding your footprint, and get registered in, say, Shenzhen to enjoy the option of using Hong Kong laws as applicable laws on specific civil and commercial contracts and choosing Hong Kong as a seat of arbitration," Tsang said.

"Or lease on Hong Kong Stock Exchange to access mainland and global capital. Or, leverage the Hong Kong International Airport and its logistic part in Dongguan, for transshipment of goods into the GBA from abroad, or vice versa."

He highlighted the SAR's unique advantages under One Country, Two Systems, with the city integrating into national development and playing an key role in driving high-quality development of the GBA.