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Intensifying global competitions and rapid advancement of technology have promoted the needs for companies to work collaboratively with their supply chain partners in the form of a virtual enterprise, giving rise to virtual supply chain. However, given the concept was originated from the West, how to promote the application of virtual supply management concept in Asia has become an important issue to be addressed. As Hong Kong and China are leading logistics centers in the world, it is critical to identify their current situations regarding virtual supply chain management and to identify the best ways to direct companies in this region to embrace the highly collaborative Virtual Enterprise. This paper describes the different forms of enterprise collaborations and presents the result of a preliminary study on the current status of supply chain management in Hong Kong and Mainland China.