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

    • Hong Kong Business Culture
    • If you want to play a new game, you must know the rules.
      • 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.
    • 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.
    • Cont….
      Avoid aggressive or loud behavior.
      Repression of emotions is emphasized.
      Treating opposite sex and same sex.
      Business cards .
      Receiving a Business card.
    • Business Attire
      Appropriate dress for men .
      Women’s suits.
      Blue and white .
    • Conversations and Networking
      Avoid politics.
      Health and business.
      Offering opinions.
      English speaking.
    • 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.
    • Gifts
      Gift giving is important.
      Refusal of your gift.
      Receiving a gift.
      unwrapping a gift.
      Never wrap a gift in blue.
    • The Importance of “Guan xi”
      • Guan xi = Personal Relationship
      • A formidable concept.
      • Success in Hong Kong.
      • Two words: Time and Patience.
      • 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.
    • 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.
    • The Giant Awakes
      • GDP growth.
      • Growth in foreign trade.
      • Foreign direct investment.
      • The sixth-largest economy.
    • Opportunities in
      Hong Kong
      • Financial Resources
      • Banking
      • Venture capital
      • R&D Centers
      • Biotechnology and Pharmaceuticals
      • Therapeutic pharmaceutical
      • Technology
      • Information
      • Electronics
      • Software
    • Risks - Macroeconomic
      • Banking sector.
      •Overheated economy.
      •Demand for energy outpacing supply.
      • Intellectual property laws.
    • 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.
    • Current strategy
      • Increasing Foreign Direct Investment ( FDI ).
      • Increasing use of Wholly-foreign Owned Enterprises and Joint Stock Companies vs. Joint Ventures.
      • Increasing M&As.
      • 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.
    • Thank you
      FROM-:ANKIT GUPTA