Profile of Hong Kong
Country Profile Series
Hong Kong
In-depth PESTLE insights
PESTLE Country Analysis Report: Hong Kong
© MarketLine. This report is a licensed product and is not to be photocopied
REFERENCE CODE: ML00002-039
PUBLICATION DATE: October 2012
WWW.MARKETLINE.COM
MARKETLINE. THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED
ML00002-039/Published 10/2012
Page 1
OVERVIEW
Catalyst
This profile analyzes the political, economic, social, technological, legal, and environmental (PESTLE) structure in Hong
Kong. Each of the PESTLE factors is explored in terms of four parameters: current strengths, current challenges, future prospects, and future risks.
Summary
Key findings
Hong Kong's governance system remains stable, but increasing public agitation is a concern
The system of governance has remained stable in Hong Kong, despite apprehensions expressed during Britain‟s handover of the region to China. The "one country, two systems" model has worked well, with limited intervention by the
Chinese government. Although Hong Kong does not have complete self-rule, in all but critical matters like defense and foreign policies the responsibility for decision-making lies with the Hong Kong authorities.
However, there have been protests by the public against the government. On July 1, 2012, the occasion of the 15th anniversary of the return of Hong Kong to Chinese rule, there were demonstrations by 400,000 people protesting against the glaring income inequality. The number of households where no-one is working increased by 48% to reach 420,000 during 2006–11. According to Census and Statistics Department data released in June 2012, there was an increase in the Gini coefficient of Hong Kong from 0.533 in 2006 to 0.537 in 2011. There was also mass agitation against the government regarding the introduction of patriotic education in the school curriculum in 2012, and it being made compulsory by 2015. The idea of compulsory patriotic
Hong Kong
In-depth PESTLE insights
PESTLE Country Analysis Report: Hong Kong
© MarketLine. This report is a licensed product and is not to be photocopied
REFERENCE CODE: ML00002-039
PUBLICATION DATE: October 2012
WWW.MARKETLINE.COM
MARKETLINE. THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED
ML00002-039/Published 10/2012
Page 1
OVERVIEW
Catalyst
This profile analyzes the political, economic, social, technological, legal, and environmental (PESTLE) structure in Hong
Kong. Each of the PESTLE factors is explored in terms of four parameters: current strengths, current challenges, future prospects, and future risks.
Summary
Key findings
Hong Kong's governance system remains stable, but increasing public agitation is a concern
The system of governance has remained stable in Hong Kong, despite apprehensions expressed during Britain‟s handover of the region to China. The "one country, two systems" model has worked well, with limited intervention by the
Chinese government. Although Hong Kong does not have complete self-rule, in all but critical matters like defense and foreign policies the responsibility for decision-making lies with the Hong Kong authorities.
However, there have been protests by the public against the government. On July 1, 2012, the occasion of the 15th anniversary of the return of Hong Kong to Chinese rule, there were demonstrations by 400,000 people protesting against the glaring income inequality. The number of households where no-one is working increased by 48% to reach 420,000 during 2006–11. According to Census and Statistics Department data released in June 2012, there was an increase in the Gini coefficient of Hong Kong from 0.533 in 2006 to 0.537 in 2011. There was also mass agitation against the government regarding the introduction of patriotic education in the school curriculum in 2012, and it being made compulsory by 2015. The idea of compulsory patriotic