http://www.theaustralian.com.au/business/hong-kong-snubbed-on-fta-and-tax-deals/story-e6frg8zx-1226653318300

THE Australian government has refused requests from Hong Kong to start negotiating a free trade agreement and a double taxation agreement. The refusal has angered Australian companies hoping to boost their business with and through Hong Kong, the primary gateway to China.
During a visit to Australia in 2011, Donald Tsang, who stepped down last year as Hong Kong's chief executive, approached Julia Gillard and then-foreign minister Kevin Rudd about an FTA and a DTA? Following a visit by Mr Rudd to Hong Kong and further talks, the Hong Kong government wrote formally to Canberra proposing talks towards an FTA.

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Related article:
http://bx.businessweek.com/international-finance/cruse-and-associates-hong-kong-financial-news-massive-data-lekkasje-eksponerer/8649089186140805370-53c90f480a18d0ae3e93d49e06c4234f/