The mission was renamed as the Consulate General of India on 15 October 1996, in preparation for the transfer of sovereignty over Hong Kong from the United Kingdom to China on 1 July 1997.

The Indian Government re-notified the agreement in July 2012, to account for changes in the nomenclature of Hong Kong courts following the transfer of sovereignty.

At the invitation of Maharashtra Chief Minister Devendra Fadnavis, Leung led a 40 member business delegation to India on 2–5 February 2016.

[1] The Hong Kong Monetary Authority (HKMA) and Reserve Bank of India (RBI) signed an MoU on Supervisory Cooperation and Exchange of Information on 17 July 2014.

Hong Kong firms such as China Light and Power (CLP), Li & Fung, Jardines, Shangri La, Kerry Logistics and Johnson Electric operate in India.

[1] Between April 2000 and September 2016, Hong Kong made a cumulative total foreign direct investment of $1.976 billion in India.

The main commodities exported by India to Hong Kong are pearls, precious and semi-precious stones, leather, electrical equipment, cotton, fish, crustaceans, machinery, apparel, organic chemicals, optical and medical instruments, and plastics.

The major commodities imported by India from Hong Kong are pearls, precious and semi-precious stones, machinery, optical and medical instruments, clocks and watches, plastics, special woven fabrics, miscellaneous manufactured articles, organic chemicals and paper.