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Hong kong


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This was a PowerPoint presentation for my summative project in my International Business class. It was based on a country of our choice, which happened to be Hong Kong. We were given a list of information that we had to find out about our country that was related to international business relations and customs.

Hong kong

  2. 2. Population: 7,018,636 (growth rate: 0.5%) Land area: 382 sq mi (989 sq km); Total area: 422 sq mi (1,092 sq km)
  3. 3. <ul><li>Described as ‘barren rock’ over 150 years ago. </li></ul><ul><li>It is now is a world-class financial, trading and </li></ul><ul><li>business center. It is, indeed, a great world city. </li></ul>
  4. 4. <ul><li>Has no natural resources, except </li></ul><ul><li>one of the finest deep-water </li></ul><ul><li>ports in the world. </li></ul>
  5. 5. <ul><li>A hardworking, adaptable and well-educated workforce of about 3.58 million, coupled with entrepreneurial flair, is the bedrock of Hong Kong’s productivity and creativity. </li></ul>
  6. 6. <ul><li>Hong Kong became a Special Administrative Region (SAR) of the People’s Republic of China on July 1, 1997, after a century and half of British administration. </li></ul><ul><li>The SAR enjoys a high degree of autonomy except in defence and foreign affairs </li></ul>
  7. 7. <ul><li>Currency: HKD : for every Canadian Dollar, there are 6.232 Hong Kong Dollars </li></ul><ul><li>GDP per Capita: $ 45,300 </li></ul>
  8. 8. The world’s 9 th largest trading economy. Total merchandise trade in 2006 amounted to C$739 billion, equivalent to 3.4 times of Hong Kong’s GDP for the year. <ul><li>Hong Kong is a member of WTO and APEC. Hong Kong has a free trade policy with no customs tariffs on goods aside from excise duties on tobacco, hydrocarbon oil, alcoholic beverages and other alcoholic based products. </li></ul>
  9. 9. 1) Strategically Located at the Heart of Asia Pacific <ul><li>Hong Kong is positioned at the gateway to China and the Pearl River Delta – “ the factory of the world ”. All Asia’s key markets are within 3½-4 hours flight time and half the world’s population is within 5 hours flight time. </li></ul>
  10. 10. 2) Low and Simple Tax System <ul><li>It has the lowest tax misery in Asia Pacific </li></ul><ul><li>The city has no goods and services levy and does not tax offshore income, dividends, interest, capital gains or inheritance income. And the duty on both wine and beer was cut to zero. </li></ul>
  11. 11. 3) Stable and Efficient Pro Business Environment <ul><li>Hong Kong has the second best opacity in the world after Finland. </li></ul><ul><li>Hong Kong has a clean pro-business government, an independent legal system and practices free market principles. </li></ul>
  12. 12. 4) World’s Freest Economy <ul><li>Hong Kong enjoys free flow of capital, talent, information and goods and services. The city has been ranked the “World’s Freest Economy” for over a decade. </li></ul>
  13. 13. 5) One of the World’s Most Competitive Locations <ul><li>Hong Kong is ranked the third most competitive location in the world. </li></ul><ul><li>Hong Kong ranked first in business efficiency, second in government efficiency and fifth in economic performance. </li></ul>
  14. 14. 6) World-Class Infrastructure: Transport and Telecommunications <ul><li>Hong Kong International Airport (HKIA) is the world’s best airport with a 5 Star ranking. </li></ul><ul><li>HKIA was the world’s busiest international cargo airport and container ports. </li></ul><ul><li>Hong Kong’s telecommunications sector is fully privatized and has the highest mobile penetration in the world. </li></ul>
  15. 15. 7) A Leading International Financial Centre <ul><li>Hong Kong is China’s international financial capital and the most competitive financial centre in Asia. </li></ul><ul><li>Hong Kong ranks first in the world in terms of access to capital: “Its general financial environment is among the world’s best, with a sound banking system, a relatively large equity market and diversified sources of business funding, including venture capital.” </li></ul>
  16. 16. 8) Efficient, productive, skilled and multi-lingual workforce <ul><li>Hong Kong people have an essential mix of international market savvy, combined with an appreciation of the business culture. Hong Kong thrives on its strong work ethic and can-do attitude, industrial action is extremely rare. </li></ul>
  17. 17. 9) Asia’s most popular city for international business, with a cosmopolitan lifestyle and vibrant expatriate community <ul><li>The city has a wide array of shops, bars and restaurants catering for all international cuisines. There is a wide variety of sports and activities. Hong Kong has a high quality public and private healthcare and a crime rate which is the envy of cities worldwide, creating a comfortable living environment for families. </li></ul>