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Hong Kong Business Culture<br />
If you want to play a new game, you must know the rules.<br />
<ul><li>Hong Kong
Official languages, Chinese and English.
Hong Kong has no official religion.
Capitalist form of government. .
Ceded to the United Kingdom in 1898 Opium        War.
1997 returned to China.
Economic and Cultural bridge between the Capitalist West and the Communist East. </li></li></ul><li>Acceptable Public Beha...
Cont….<br />Avoid aggressive or loud behavior. <br />Repression of emotions is emphasized.<br />Treating  opposite sex and...
Business Attire<br />Appropriate dress for men .<br />Women’s suits.<br />Blue and white .<br />
Conversations and Networking<br />Avoid politics.<br />Health and business. <br />Offering opinions.<br />English speaking...
Dinner etiquette<br />Accept dinner inventions. <br />Always bring fruit or candy. <br />Arriving greet everyone. <br />Se...
Gifts<br />Gift giving is important. <br />Refusal of your gift.<br />Receiving a gift.<br />unwrapping a gift.<br />Never...
The Importance of “Guan xi”<br />• Guan xi = Personal Relationship<br />• A formidable concept.<br />• Success in Hong Kon...
How to solidify “Guan xi”.</li></li></ul><li>Behavior<br /> ”Ganbei” Chinese toast, an integral part.<br /> Expectation to...
Communications  <br />The handshake and bowing.<br /> A round of applause.<br /> Silence in high regard.<br /> Order of Na...
The Giant Awakes<br />• GDP growth.<br />• Growth in foreign trade.<br />• Foreign direct investment.<br />• The sixth-lar...
Opportunities in <br />Hong Kong<br /><ul><li>Financial Resources
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Hong kong business culture(Cross culture ppt)

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Transcript of "Hong kong business culture(Cross culture ppt)"

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