"It's with much disappointment that I have to withdraw from Hong Kong. I've been using this event for the last five years to get match fit and ready for the new season, in fact Hong Kong has been successful in preparing me for the Australian Open," she said.
Sharapova who launched her 2008 season in style with victory in Australian open was hindered by a right shoulder injury. She skipped the Beijing Olympics and the US Open before undergoing arthroscopic surgery in October.
The 21-year-old said, "I'm just not ready to play against the top class competition in Hong Kong, although I remain hopeful for Australia where I'm the defending champion." The first Grand Slam of the season, Australian Open is set to start on Jan 19.
The Hong Kong event has a new format this year, featuring four teams - Europe, Russia, Team Americas and Asia Pacific. Top players slated to appear include world number one Jelena Jankovic and Wimbledon champion Venus Williams.
Oneindia News (With inputs from Agencies)