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Current Location> HOME > Introduction to Hong Kong Economic Status


 


   Hong Kong, as one of the four dragons of Asia, is characterized with rapid economic development, at the forefront of many industries such as financial, shipping, trade, tourism, services, electronics, real estate, television, and everything.

  The financial industry is the pillar of the development of Hong Kong. Hong Kong has many well-known banks, security companies and insurance companies. It has also a lot of the world's major banks, such as UBS, Citigroup, HSBC, Standard Chartered, Royal Bank of Scotland, Royal Bank of Canada, Bank of China, Deutsche Bank, etc. This is the result of the receptive ability to ideas of the Representatives of this international metropolis. Hong Kong’s mature economic and trade environment and improved capital market currencies, clearly shows that to study financial expertise in Hong Kong is definitely a good choice for a student.

   The shipping industry in Hong Kong is competitive. Hong Kong has abundant resources and convenient deep-water port. This geographical advantages, give way not only to direct domestic and international trade activities, but also for re-export, transit trade and expansion of business especially through various shipping activities.

   Hong Kong's tourism resources are rich. Hong Kong has a subtropical climate, sunny weather and temperatures are moderate coupled with the unique natural resources and beautiful scenery. There is a shopping paradise and fashionable commodity that surely satisfy traders; Tourists can feel the chic shopping at the same time enjoy the fun. Hong Kong's schools have beautiful and conducive environment, which will mean of great importance to education especially ensuring convenient learning environment that is very suitable and needed for Chinese students to apply.

   Hong Kong's manufacturing has reached its heyday. As the world's freest economy, Hong Kong is China's leading most cosmopolitan commercial center Excellent manufacturing capability and good port resources are the major factors of the city’s development and progress. Nowadays, Hong Kong is moving its manufacturing ability towards prosperous and strong electronics industry.

   Hong Kong will mobilize its service sector towards manufacturing development. With increased global competition, Hong Kong manufacturers will shift production facilities from the PRD and focus on the development of professional services. At present, 80% of the Gross Domestic Product (GDP) comes from services, employees and workforce, which constitute 70% of the total population. Workforce is very prominent in communication and media, legal management, construction and other industries, including television and entertainment, design development investment.

   Hong Kong prides itself for having various cooperation opportunities due to its being the world renowned financial and logistics center, the Advisory hub and the hub of trade and knowledge.

At the end of 2004, the Mainland has invested two billion HK Dollars towards the country’s logistics and distribution, land transportation, advertising, tourism and telecommunications industries. Up to this day, there are many mainland enterprises investing in Hong Kong.

   I n addition to continuing promote financial services, tourism, shipping and import and export trade, and other traditional pillar industries, Hong Kong also attaches great importance to innovation, and she is in increasingly robust posture to meet the challenges that may come.

   Want more information? Please log onto to Yes-Asia Forum for in-depth discussion and analysis.

 

 
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