hong kong business culture
Hongkong Business Culture
1. Overview
Hong Kong is one of the Special Administrative Regions (SARs) of China, and the other is Macau. Itis located on China's south coast. It is only 1,104 km2 large, but has a population of over seven million people. Therefore, Hong Kong is one of the most densely populated areas in the world.GDP, Languages…
Hongkongwas a colony of Britainfor a long period since the middle of the 19th century. On July 1, 1997,it was returned back to China and became the Special Administrative Regions of China.
Governance: Hong Kong is a curious place. It's an energetic paragon of the virtues of capitalism and yet is now part of what is officially the largest Communist Country in the world. Because of its uniqueness, Chinese government is using a principle which is called “One country, two systems”. It means that Hong Kong has a "high degree of autonomy" in all matters except foreign relations and military defence.
Economy:
Hong Kong is regarded as one of the most important business centers in Asia. It is ranked as the world's 2nd most competitive economy and the 2nd largest recipient of foreign direct investment (FDI). The government plays a key role in Hong Kong's competitiveness, and has implemented strong measures to encourage not only the world's biggest economies, but also more businesses from emerging markets to invest in HK. HK also has the characteristics of Low taxation and free trade. Companies that incorporate in Hong Kong also benefit from its low and simple tax system. There is no sales tax in HK, therefore, HK iscalled shopping paradise which attracts a large number of people all over the world.
Living:
Hong Kong is an extremely cheap place to do business, it is however a very expensive place to live. HK is ranked as the 6th most expensive place in the world to live in.
2. Trading development in Hongkong
Hongkong has the seventh biggest port in the world. Therefore, its historic function was to serve as an entrepôt
1. Overview
Hong Kong is one of the Special Administrative Regions (SARs) of China, and the other is Macau. Itis located on China's south coast. It is only 1,104 km2 large, but has a population of over seven million people. Therefore, Hong Kong is one of the most densely populated areas in the world.GDP, Languages…
Hongkongwas a colony of Britainfor a long period since the middle of the 19th century. On July 1, 1997,it was returned back to China and became the Special Administrative Regions of China.
Governance: Hong Kong is a curious place. It's an energetic paragon of the virtues of capitalism and yet is now part of what is officially the largest Communist Country in the world. Because of its uniqueness, Chinese government is using a principle which is called “One country, two systems”. It means that Hong Kong has a "high degree of autonomy" in all matters except foreign relations and military defence.
Economy:
Hong Kong is regarded as one of the most important business centers in Asia. It is ranked as the world's 2nd most competitive economy and the 2nd largest recipient of foreign direct investment (FDI). The government plays a key role in Hong Kong's competitiveness, and has implemented strong measures to encourage not only the world's biggest economies, but also more businesses from emerging markets to invest in HK. HK also has the characteristics of Low taxation and free trade. Companies that incorporate in Hong Kong also benefit from its low and simple tax system. There is no sales tax in HK, therefore, HK iscalled shopping paradise which attracts a large number of people all over the world.
Living:
Hong Kong is an extremely cheap place to do business, it is however a very expensive place to live. HK is ranked as the 6th most expensive place in the world to live in.
2. Trading development in Hongkong
Hongkong has the seventh biggest port in the world. Therefore, its historic function was to serve as an entrepôt