Choosing the appropriate ERP (Enterprise Resource Planning) system for a company in Hong Kong is influenced by a variety of factors, such as size, the nature of the industry, unique requirements, and budget. Nonetheless, the most favored and sought-after ERP systems, which are generally used in Hong Kong and around the world, are listed below:

1. SAP ERP: With its extensive functionality and scalability, SAP is undoubtedly the first choice for large companies that have complex needs. It contains a vast array of modules that are industry-specific and customizable.

2. Oracle NetSuite: The cloud-based ERP solution is a powerhouse for mid-sized businesses. It is one platform that integrates ERP/Financials, CRM, and e-commerce into a single business management suite.

3. Microsoft Dynamics 365: This ERP software is recognized for its interoperability and compatibility with other Microsoft products. It is a good option for both small-scale and large-scale companies.

4. Infor CloudSuite: Infor is the company that provides sector-oriented solutions alongside intuitive interfaces and powerful analytical tools.

5. Odoo: This is an open-source ERP which is very adaptable, affordable, and highly customizable. These qualities make it the first choice for small and mid-sized businesses.

6. Epicor ERP: Esteemed for the solutions in manufacturing and distribution functions, Epicor is an excellent selection for such firms.

7. Sage 300cloud: It is branded as Sage ERP Accpac but is known as that to the users. The system is well accepted by small and mid-sized businesses.

When it comes to selecting an ERP system, there are several aspects to look into. These include the particular requirements of your enterprise, the amount of personalization that you want, the overall price of owning it, and the training and support that the vendor will give you. Additionally, you might want to seek the help of a licensed ERP implementation partner or consultant based in Hong Kong to guide you in making your decision.