New Zealand will start in-depth talks with Hong Kong about a comprehensive investment protocol early in May.
A trade agreement was signed last year which also included setting up a framework to promote investment flows between New Zealand and Hong Kong.
Trade Minister Tim Groser says Hong Kong is a global investment hub and gateway into China and Hong Kong provides significant investment opportunities for New Zealand investors.
In 2009, New Zealand investments to Hong Kong were more than $1.2 billion - 2.5 times that of 2005.
Hong Kong is New Zealand's eighth largest investment destination and the sixth largest source for inward investment into New Zealand.