This document summarizes cloud adoption trends and challenges in Hong Kong. It finds that 84% of organizations in Hong Kong have adopted or plan to adopt the cloud within 1-2 years, with hybrid cloud being the most popular model. While basic applications see more adoption, cloud's full potential remains untapped. Key challenges include improving data security, privacy and compliance with regulations as data moves to different locations. The document also discusses opportunities to further cloud adoption through developing infrastructure, standards, addressing performance issues and transforming businesses through cloud.