For western electronics companies with offshore supply chain operations in China, it often makes sense to set-up a regional office for global sourcing and other functional activities.
For many organizations, Hong Kong is the destination of choice for that office staffed with trained managers and staff for purchasing; quality control, production control, product engineering, export documentation…managing their business throughout China.
Having personnel in place that understand China’s business and social and cultural differences can be beneficial.
With this in mind, we asked one of our Hong Kong-based authors how westerners can become better acquainted with Hong Kong for business and pleasure. Below is Ping’s response in her words.
HONG KONG IS A MULTI-CULTURAL, FAST-PACED METROPOLIS with a well-educated population is attracting plenty of companies and talent from all over the world, including from both foreign companies and talents who want to approach the China market plus, Chinese companies and talents who want to go abroad to the global market.
Given the promotion of Shang Hai as China’s emerging financial center, some people in Hong Kong are concerned about their future.
However, in China’s 12th Five Year Plan (2011 through 2015) published by the Chinese government, the Plan states that China’s government will strengthen Hong Kong’s position as China’s financial center.
Specifically looking at the Plan for the electronics and information industries, China’s Plan is to develop strategically important emerging industries while promoting independent innovation and expanding domestic demand. Investment sectors in the electronics and IT industries will see an increase in supply chain upstream focus like raw materials, components and related parts.
Hong Kong is now more confident about its role in the future.
Hong Kong continues to be one of the best staging areas in the region for finance and hi-tech companies across the Asia Pacific. I hope the information below helps you become successful as you come to Hong Kong.
Leisure living in Hong Kong
Hong Kong covers 1,103 square kilometers of land and has more than 700 seven million people, among which 95% are Chinese.
Crowded people, narrow streets, high skyscrapers and plenty of shopping malls are the hallmarks of Hong Kong which are well-known throughout the world while Hong Kong’s culture is quite simple and focused, different from the city’s diversified outlook.
Living in Hong Kong is comfortable and convenient.
Average houses and apartments are small compared to those in mainland China, however, property services are of high quality. Actually, not only property services, all kinds of business-to-consumer (B2C) and business-to-business (B2B) services in Hong Kong are very good.
You will feel that the time and the effort you need to spend on items like transportation and the purchase of daily-use articles and paying for many types of living fees in Hong Kong is quite small.
Meanwhile, TV news is very concise. Short and to the point.
Medical clinics can easily be found on the streets, most accepting medical insurance.
Hong Kong also offers you plenty of opportunities to do sports, attend social events, and spend quality time with family members. Hong Kong offers plenty of choices for you to have fun in your spare time.
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