Preview

Swot Hit

Powerful Essays
Open Document
Open Document
1782 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Swot Hit
Strength | Weaknesses | * Ideal location * Proximity of China * Excellent service * Well established legal system * Strong and well-regulated financial sector * Government support for maritime services * CEPA agreement with China | * Competition with Mainland container ports * Manufacturing sector relocated to Mainland | Opportunities | Threats | * Effectively cooperation with the Mainland under the CEPA agreement * Large number of China FTZ are not connected to ports * Advanced economy * Efficiency * Well developed infrastructure * Further expansion of port | * Threats from Mainland ports overcoming Hong Kong importance * Slowdown of global economy * Increasing maritime transportation costs due to high petrol price |

Strenghts
Hong Kong deep-water harbour and ideal location at the intersection of global and regional shipping lanes.
More than 80 shipping lines are operating in HIT.
Proximity of fastest growing region in China.
The Hong Kong HIT has been noted for its excellence in high end services, range of shipping lines and extensive coverage of destinations.
Excellent institutional framework, a business-friendly environment, the professionalism of workers.
The most important is Hong Kong legal system, which is trusted, tried and tested by international business.
Hong Kong retains a distinct advantage in permitting the parties in maritime arbitration, to have the contract governed and construed in accordance with Hong Kong or English law.
As an international financial centre, Hong Kong position itself as the business, trading and services hub for the Mainland and the region as a whole. At the same time, Hong Kong and the Pearl River Delta will continue to be the main economic engine of southern China, as well as an increasingly wealthy consumer market and a strong regional economy aiming the global export market.
Hong Kong does have a number of advantages over other Mainland cities, and will continue

You May Also Find These Documents Helpful

  • Satisfactory Essays

    China is a country that has been in development for the past few years. One of China’s main contributors to its growth is the United States’ companies that have stationed factories within China to avoid the higher costs of paying Americans for labor. Prince Industries is an example of a metal parts manufacturer that has outsourced to China for lower costs and thus higher profits. Companies also outsource to developed countries such as Hong Kong. Some of these companies would include: Microsoft, Nokia, Coca-Cola, Intel, and Walt Disney. Hong Kong has been outsourced to because its legal systems are preferable to China’s as well its as low cost tariffs towards foreign countries. The position of the island is ideal as well in the center of the Asia-Pacific land mass.…

    • 412 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Business in Hong Kong

    • 7731 Words
    • 31 Pages

    Hong Kong has transformed since the undisputable changes over time even over relatively short periods, and those characteristics seemed to be within the China it has grown off on which has been self-evident. A new way of thinking has been introduced into Hong Kong in order to separate them as a leader in business which they have received mainly from China in the last couple of decades. In this paper I will address the key major elements and dimensions of the culture in Hong Kong, address how these elements and dimensions are integrated by the locals conducting business in this region, address how this compares with that of the culture of the United States, and also address the routes a US business would take in order to conduct business in the region of Hong Kong.…

    • 7731 Words
    • 31 Pages
    Powerful Essays
  • Powerful Essays

    Hong Kong, a province in the west-east of China, has developed from a small fishing community into an international city in modern times which is contributes to the economic policy as well as political policy. S b c d e f g w se f s f s f s f s f s f s f s f s f s f s f s f s…

    • 2379 Words
    • 10 Pages
    Powerful Essays
  • Satisfactory Essays

    3) Hong Kong is also at present the only viable offshore centre for renminbi equity fund raising, useful for firms seeking to invest or expand in the mainland market.…

    • 482 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Ocean Carrierrs

    • 346 Words
    • 2 Pages

    If Ocean carriers were domiciled in HK where there is no tax the projection is of a positive NPV of close to 5M USD over a period of 25 years. Hence the project can be approved/accepted.…

    • 346 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The author describes the importance of South China Sea, a water channel being as “as central to Asia as Mediterranean is to Europe”. With world power slowly shifting to Asia in the last decade, South China Sea in particular has become a potential conflict as “the most contested waterway”. Robert D Kaplan describes, South China Sea as “mass of connective economic tissue where global sea routes coalesce", which is valued as it is home to fishery resources, undersea oil, natural gas, and the busiest transportation routes.…

    • 944 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Cultural self-analysis

    • 1495 Words
    • 6 Pages

    Coming from China and living in the United States, diversity and international relations have always been fascinating to me. In order to perceive dissimilar cultures well, I ought to be aware of myself and my own culture first; therefore, I would like to share a brief history of Hong Kong because I believe we would not know ourselves without knowing our history.…

    • 1495 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    Strategic warehouse location

    • 5860 Words
    • 36 Pages

    Levitz, J., 2010. FedEx looks to 777s for an edge. The Wall Street Journal, 14 July…

    • 5860 Words
    • 36 Pages
    Satisfactory Essays
  • Powerful Essays

    Hong Kong is currently under the rule of the PRC as a special administrative region, with the practice of ‘One country, two system’. Hong Kong exercises capitalism under the rule of the British government and thus continues its practice after the handover. Hong Kong is closely located to mainland, showing her essential role in the economic coordination. The number of cross-boundaries cooperation has been increasing steady, and today, Hong Kong and mainland develops an inseparable relationship in terms of political, economical and social aspect.…

    • 4336 Words
    • 18 Pages
    Powerful Essays
  • Best Essays

    Globalization(or globalization) describes the process by which regional economies, societies, and cultures have become integrated through a global network of political ideas through communication, transportation, and trade. The term is most closely associated with the term economic globalization: the integration of national economies into the international economy through trade, foreign direct investment, capital flows, migration, the spread of technology, and military presence.However, globalization is usually recognized as being driven by a combination of economic, technological, sociocultural, political, and biological factors.The term can also refer to the transnational circulation of ideas, languages, or popular culture through acculturation. An aspect of the world which has gone through the process can be said to be globalized.…

    • 719 Words
    • 3 Pages
    Best Essays
  • Good Essays

    Economic Growth in China

    • 539 Words
    • 3 Pages

    The ocean provides the greatest form of help in furthering Chinas economic expansion due to the huge trade route from China to the world. China has one of the largest ports of trade in the world.…

    • 539 Words
    • 3 Pages
    Good Essays
  • Best Essays

    Fpi Assignment

    • 3732 Words
    • 15 Pages

    In this report, Harbour-Link Group Berhad is chosen among the listed companies. Harbour-Link Group Berhad is an investment holding company which provides shipping, forwarding and transportation, plant and machinery hiring, and engineering contract services primarily in Malaysia and Singapore. Harbour-Link Group Berhad was founded in the year of 1975 and it is based in Bintulu, Sarawak, Malaysia. It was officially listed on Bursa Malaysia Securities Berhad in the year of 2004. Today, Harbour-Link Group’s success lies in its strong foundation of expertise in the industry and its ability to established the company as a reputable brand-name within the shipping, sea freight forwarding and transportation industries.…

    • 3732 Words
    • 15 Pages
    Best Essays
  • Satisfactory Essays

    Market Rate & Potential Volume ex South China to Singapore, Port Kelang, Penang, Pasir Gudang & Yangon…

    • 1298 Words
    • 6 Pages
    Satisfactory Essays
  • Good Essays

    The Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA) is the first free trade agreement ever concluded by the Mainland of China and Hong Kong since 2003. CEPA opens up huge markets for Hong Kong goods and services, greatly enhancing the already close economic cooperation and integration between the Mainland and Hong Kong. It is also a win-win agreement, bringing new business opportunities to the Mainland and Hong Kong. For Hong Kong, It provides a window of opportunity for Hong Kong businesses to gain greater access to the Mainland market. It also benefits the Mainland as Hong Kong serves as a perfect "springboard" for Mainland enterprises to reach out to the global market and accelerating the Mainland's full integration with the world economy. As the supplements’ titles imply, we can generally conclude that the major features of 11’s and 12’s will be deepening the liberalization of trade in services and boosting access to Mainland market for Hong Kong service industries respectively.…

    • 2111 Words
    • 9 Pages
    Good Essays
  • Good Essays

    International connection is one backbone to maintain the bloom economic growth. To ribbon the road, rail and energy resources to increase the traceability between China and countries along with the sea-based routes, the Chinese President Xi Jinping introduced a “One Belt, One Road” Initiative in October 2013. In the 2016 Policy Address, our Chief Executive Leung Chun Ying mentioned what role Hong Kong should play in the project. He stated that “by leveraging the combined advantages of “one country” and "two systems” industries in Hong Kong”, Hong Kong has its strength competitive advantages as a super-connector between the Mainland China and the worldwide. However, his comments have raised a quite amount of controversies in the society as people’s perception towards the benefits varies to some certain extent. For instance, Agnes Chan, Hong Kong and Macau managing partner for EY believes that the “One Belt One Road” Initiative is a perfect time for Hong Kong to leverage its expertise and unique resources. While regarding the Fitch Rating Report, it explains that this ambitious project may unbalance the commercial development of Hong Kong. In this essay, I will argue that the “One Belt, One Road” Initiative is the ideal springboard for Hong Kong to play to its strengths in the following three aspects.…

    • 1248 Words
    • 5 Pages
    Good Essays