Hong Kong Economy

Hong Kong Economy

Hong Kong is one of the most proven, stable and developed economies in the world! Growth in this Special Administrative Region of the Peoples' Republic of China is also getting support from China, world's one of the strongest economies.

Located at a supremely favorable geographical position in the heart of Asia continent, the city of Hong Kong evolved as one of the most dynamic economies. Hong Kong is hub for international business, trade and finance,

thanks to its natural harbor and free market economic policy. It boasts efficient and productive work force that has been helping the city to grow economically. Coupled with western business methods and advanced infrastructure and technology, its highly efficient work force has made Hong Kong a prominent economy in the world map.

A few other factors that helped Hong Kong in standing up as a rising star in the world economic scenario include the region's political stability; its tax system, as well as business perks. Entrepreneurs from across the world are showing their interest in Asia, especially in this heart land.          

This port city is better known for its prospering service industry. Banking, insurance, telecommunication, information technology and tourism are the major service industries where a majority of the population in Hong Kong is engaged. Taking special note of the tourism industry, a significant portion of the economy's revenues is generated from it. Hong Kong received about 29.5 million visitors in the year 2008, which is four times larger than the region's population. Another industry that deserves a special mention is the entertainment industry. Hong Kong is also known as Asia's movie capital.

Hong Kong truly stands as an Asian leader in many industries, especially finance and information technology. Factors like strong work ethic, advanced technologies, business-oriented environment are undoubtedly making this city a prime choice in the continent for every entrepreneur to spread or set up a business. It is a dream country that offers great job opportunities for skilled professionals. For sure, this is one country that one can make his/her permanent home and an ideal place to bring up family in!

Have a look at scorecard of Hong Kong economy:
 

General

·       The world's freest economy

·       The world's most service-oriented economy

·       The world's 2nd highest per capita holding of foreign exchange

·       The world's 2nd most competitive economy

·       Asia's 2nd most business-friendly economy

·       Asia's 2nd largest recipient of foreign direct investment

·       Asia's 2nd largest source of foreign direct investment

·       Asia's 2nd least corrupt place

·       The world's 11th largest exporter of services

·       The world's 11th largest trading economy          

Finance

·       Asia's highest concentration of fund managers

·       Asia's largest venture capital centre

·       Asia's 2nd most developed insurance market in terms of per capita insurance premium

·       Asia's 2nd largest syndication loan centre

Asia's 3rd and the world's 7th largest s

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