Critical aspects of successful retailing are the qualities and quantities of shoppers that attract customers towards their offers. Being a world renowned known destination for shopping, Hong Kong has the unique distinction of having both.
Being a favorite destination for shopping of the affluent Chinese products from the Mainland, it has an unparalleled “shop window” targeting retailers and a testing bed for further future expansion. One can optimize retail business opportunities because of the presence of free port with no export or import tariffs levied on most goods, zero sales tax and low tax base.
Retail
Irrespective of whether one is a wholesaler, a retailer, involved in trading, sourcing or buying, the territory offers every individual double dual advantages to access and achieve proximity to the consumers. Throughout the year, the climate in Hong Kong is conducive for year-round outdoor and indoor shopping and four distinct seasonal variations propel seasonal consumption.
The superb location of the City coupled with its hub status in Asia, make Hong Kong a very ideal gateway to China Mainland and to other markets that are emerging. This includes manufacturing countries like Indonesia, Thailand, Vietnam and Bangladesh. It also has a huge pool of talented skills, from merchandising to design.
Jewelry
The world’s fifth largest net exporter of jewelry is Hong Kong. It is the world’s number two exporter of customized jewelry. Hong Kong is the leading centre of production for items of pure gold, the main centre for production of jade and leading distribution and trading pearls centre. Top of all, Hong Kong is also the diamond trade capital of Asia.
It has a huge concentration of suppliers, designers and buyers. Affordable manufacturing is easily reachable in Mainland China, coupled with Hong Kong’s huge talent pool, promote suitable conditions for processing which is value-added. On top of that, jewelers who are exporting to China Mainland from the territory of Hong Kong are getting benefits from nil import tariffs, in comparison to those exceeding 35% for outsiders and companies that are not compliant with CEPA.
Final fast Facts
• Most of the Hong Kong’s 48.6 million yearly visitors come with a view for shopping expressly.
• There are zero import tariffs on almost all the products and nil sales VAT or tax due to which, it is really easy to shop here.
• Shop keepers spend $3.8 US billion or more within a month, which is really impressive and huge amount.

In this era, ICT has become the backbone of all human undertakings be it social political but more interestingly in economy. Hong Kong is strategically located for information and communication technology due to which, investors are keeping an eye on the Asian market. The city houses regional offices for the Pearl River delta multibillion companies and many other international offices.  This is a ready market for ICT professionals and companies. The city is blessed with ICT wizards who are ready to execute the regional ICT projects taking care of either the local or the entire region owing to Hong Kong’s centralized location in Asian pacific.

Quality telecommunication infrastructures in Hong Kong stand tall in the world; this makes it good for international data centre as well as excellent for investments providing the world with competitive markets. This infrastructure includes 17 overhead cables, 8 satellites and eight submarine cables. The town doesn’t have history of natural disasters compared to their neighbors and the efficient and constant power supply has drawn more cables installed including the southeast-Asia Japan cables and the Asian submarine –cable express.

Cloud Technology

Logistics, manufacturing and financial institutions are the large customer bases for the cloud technology and related services. Hong Kong has the demand which can’t be easily quenched so there is a potential for growth in this sector. The government proposal to provide e-services and disseminate information via cloud technology has increased the technology demand though, includes functions to support infrastructure as a service (IaaS), platform as a service (PaaS) and software as a service (SaaS) from private sector for all government offices and departments.

Data Centre’s

Data centre operators enjoy the secure and privacy of such data in Hong Kong. The diverse unsatisfiable market of the Asia pacific ranges from financial institutions, service companies, transports and logistics sector.

Software and Services

Owing to the client base in the finance, electronics and multinational companies, most of the international software development companies have regional offices in Hong Kong. The city has a tech savvy population and the intellectual property protection by the government in place which tells the potential the city has.

Telecommunications

Asia’s telecom market serves as an ideal location for multinational telecommunication companies. If you are one of them, the government has liberalized the market whether you have come from the South or North Pole, Hong Kong is your business ground especially for the telephone industry and its accessories. We are at proximity with the China’s mainland and the local market and professionals in the city.

Hong Kong has been in the front line to providing the most friendly emigration policies. This has helped various professionals to access the job market in Hong Kong and the neighbor growing economies. The well educated population has grown a vast task force in areas of specializations from the local talent enhancement though formal and technical education. The society is pegged on excellent work ethics that make them cope well with any working environment and anyone as an employer embracing international professional code of conduct.

People of Hong Kong are cultured to perform an efficient work and have a positive mental attitude towards work. This is a proof that their economic growth is out of their efforts and they are hard working and knowledge of western business culture. Hong Kong schools and business colleges teach English, which is the most preferred language in the entire business world. This serves as a common factor for the professional competitiveness and exploitation of skills. Vast population can as well communicate proficiently in the languages used in China and Hong Kong. These languages are Putonghua and Cantonese respectively.

The best work ethical practice in Hong Kong leaves people with no fear for industrial actions in the event they have been hired locally. The visitor’s friendly immigration policies have attracted such professionals from all over the world along with investors towards the city. Work visa are more or less free for the talented and skilled professionals. The human policies allow diplomats and the expatriates to bring with them their dependants and family members who in turn can freely work in Hong Kong and can do any type of investments.

Hong Kong houses the best and most competitive science and technical universities in Asia. In the year 2012/2013, QS world university rankings have placed Hong Kong University the best in the entire Asia. The same thing applies to the Hong Kong’s business colleges with such colleges like the Hong Kong University of Science and technology on top in the EMBA programme world wide.  In order to sum it, Hong Kong has 3 universities in the top 50 and up to 5 in the best 200 globally. You can guess the quality and competitiveness of such graduates who leave these universities for the Hong Kong job market. The liberal job market leaves people with choices and they can do it with a lot of ease

Hong Kong Offers Unrivalled Opportunities in the Financial Sector

Monetary Services

Hong Kong is the perfect portal for remote firms looking for access to the Mainland, and for territory ventures going worldwide. Famous for its free stream of data and capital, progressed fiscal foundation and successful administrative administration, Hong Kong has pulled in a rich pool of expert ability and monetary dexterity. Moreover, Hong Kong’s position as a major possession administration, capital framing, saving money and protection center point is underpinned by a business-nature’s turf, low levy and a trusted lawful framework.

Actually, Hong Kong overwhelms the United States and the United Kingdom to top the World Economic Forum’s twelve-month Financial Development Report discharged in October 2012. This is the second sequential year Hong Kong stacked up in first and Hong Kong’s position was supported by solid scores in non-saving money fiscal administrations, for example, Ipo movement and protection.

The monetary administration industry is one of Hong Kong’s four column businesses, which utilized 226,400 individuals in 2012, or 6.2% of the city’s whole workforce. In the keeping money segment, Hong Kong is one of the biggest saving money centres on the planet with 70 of the planet’s top 100 banks being made a vicinity here.

Hong Kong’s Role as an Offshore Rmb Centre

The expanding renminbi (Rmb) business is an alternate splendid spot in Hong Kong’s budgetary administrations industry. Hong Kong has improved into the most exhaustive and aggressive stage for seaward Rmb business. In 2012, renminbi exchange settlement took care of by banks in Hong Kong developed into Rmb2,633 billion yuan, representing 90% of the aggregate sum of Mainland China’s outer exchange settled throughout that period (Rmb2,937 billion yuan). This reflects Hong Kong’s part as the worldwide center point for renminbi exchange settlement, serving both nearby and abroad banks and organizations. Separated from furnishing a full run of Rmb saving money administrations incorporating exchange settlement and financing, Hong Kong has the biggest pool of seaward Rmb liquidity, and has turned into the worldwide center point for Rmb faint entirety securities with issuance totaling Rmb237 billion yuan in 2012.

Managed Growth in the Fund Management Sector

Hong Kong’s trust administration business is not just exceedingly internationalised. Consistent with the most recent review issued by Securities and Futures Commission (Sfc), the holdings under administration (Aum) arrived at Hk$5,764 billion in 2011.

In the meantime, Hong Kong’s fence stock investments industry remained vigorous. As the most recent review from Sfc demonstrated that the aggregate fence investments Aum in Hong Kong expanded from Us$9.1 billion in 2004 to Us$87.1 billion in Q32012.

http://www.investhk.gov.hk/business-opportunities/financial-services.html

Hong Kong succeeds on brawny employment principles, competence and a positive approach. Its citizens propose a charming amalgamation of global confidence and information about latest commerce civilization. Approximately all commerce specialized personnel articulate outstanding English, the customary verbal communication of commerce. A lot of citizens also articulate Cantonese and Mandarin; this is a sign of success in the marketplace. Employing confined workers is uncomplicated and Hong Kong’s brawny employment principles formulates business exploit an enormously atypical occasion. Hong Kong’s migration strategies are considered to exert a pull on in a foreign country proficient personnel, aptitude and sponsorship. Guidelines are easy to understand and migrant human resources can usually convey their partner and contingent belongings.
Visa information can also be acquired by the visit of the website as it is an easy and authentic source of knowledge. Through this technique, people can gain proper information about visa types and they can promote their business easily without any complexity. In the same way, this information is helpful for those people who are taking interest in working with those firms and companies that are presenting their business programs in Hong Kong. So, employees and employers can connect with each other and this connection is simple and effective due to the use of the latest technologies and resources that are accessible for all people without any doubt and reservation. Accordingly, people can find best professional opportunities in the society with the use of modern employment techniques that are also suitable for those companies that are also seeking for talented and qualified personnel in the market place.
Some things are subsequently important in this matter which should be followed essentially to make professional life winning and successful. For instance, employees should follow the employment rules and regulations because this care is the cause of creation of long term business relations in the market. In other side, those people who are careless in this matter are not able to make their professional life winning and successful. So, people should be careful and use proper sources to attain proper awareness about employment programs that are favorable for all people without any difference and divergence in the society. Thus, proper awareness and concentration of the public is essential to make employment programs winning and accomplished without any complexity. In this matter, the use of contemporary sources is also beneficial for all people to make their professional and societal life uncomplicated.