Hong kong business culture(Cross culture ppt)
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Hong kong business culture(Cross culture ppt)

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Transcript

  • 1. Hong Kong Business Culture
  • 2. If you want to play a new game, you must know the rules.
  • 3.
    • Hong Kong
    • 4. Official languages, Chinese and English.
    • 5. Hong Kong has no official religion.
    • 6. Capitalist form of government. .
    • 7. Ceded to the United Kingdom in 1898 Opium War.
    • 8. 1997 returned to China.
    • 9. Economic and Cultural bridge between the Capitalist West and the Communist East.
  • Acceptable Public Behavior
    Traditional English or Chinese greetings.
    Initial greeting, bowing to a senior.
    Recognize the most senior person.
    Physical contact.
    Personal spatial area is closer.
    Do not blink at someone.
    Sitting Posture.
  • 10. Cont….
    Avoid aggressive or loud behavior.
    Repression of emotions is emphasized.
    Treating opposite sex and same sex.
    Business cards .
    Receiving a Business card.
  • 11. Business Attire
    Appropriate dress for men .
    Women’s suits.
    Blue and white .
  • 12. Conversations and Networking
    Avoid politics.
    Health and business.
    Offering opinions.
    English speaking.
  • 13. Dinner etiquette
    Accept dinner inventions.
    Always bring fruit or candy.
    Arriving greet everyone.
    Seating etiquette.
    How to use chopsticks.
    Napkins are not provided.
    Tipping is not expected.
  • 14. Gifts
    Gift giving is important.
    Refusal of your gift.
    Receiving a gift.
    unwrapping a gift.
    Never wrap a gift in blue.
  • 15. The Importance of “Guan xi”
    • Guan xi = Personal Relationship
    • A formidable concept.
    • Success in Hong Kong.
    • Two words: Time and Patience.
    • 16. How to solidify “Guan xi”.
  • Behavior
     ”Ganbei” Chinese toast, an integral part.
     Expectation to drink.
     First toast.
     Impolite to refuse to drink.
     Drinking an important part of the relationship building .
     Bar hopping and karoke.
     End of trip.
  • 17. Communications 
    The handshake and bowing.
     A round of applause.
     Silence in high regard.
     Order of Names
     Use titles with names whenever possible.
     Appointments and Punctuality is expected.
     Only black and white materials for presentations.
  • 18. The Giant Awakes
    • GDP growth.
    • Growth in foreign trade.
    • Foreign direct investment.
    • The sixth-largest economy.
  • 19. Opportunities in
    Hong Kong
  • Risks - Macroeconomic
    • Banking sector.
    •Overheated economy.
    •Demand for energy outpacing supply.
    • Intellectual property laws.
  • 29. Why Businesses Fail
    in Hong Kong
    • They don’t make the right contacts.
    • Needs and expectations not properly communicated.
    •Chinese business culture not understood.
    • Impatience.
  • 30. Current strategy
    • Increasing Foreign Direct Investment ( FDI ).
    • 31. Increasing use of Wholly-foreign Owned Enterprises and Joint Stock Companies vs. Joint Ventures.
    • 32. Increasing M&As.
    • 33. Increasing business / industry sector.
  • Market conclusion…
    Potential Large Consumers Market.
    Continued Growth.
    Hard Working, Skillful and Inexpensive.
    Labor Force.
    WTO Commitments.
    M&A Since 2003.
    Government Incentives.
    Improving Standard of Living.
  • 34. Thank you
    FROM-:ANKIT GUPTA