|Hong Kong (SAR) Business Information|
|GDP (USD)||219.5 B|
|USD:HKD Exchange Rate||1:7.8|
|Average Mfg Employee Wage (per month)||9.313 HKD|
|Average Industrial Facility Cost (per month)||70.8 HKD/m2|
|Access to Logistics||Very Good|
Hong Kong has one of the freest economies in the world. The former British colony is one of two a Special Administrative Regions (SAR) within China. Hong Kong is the leading capitalist Asian investment hub. The combination of Hong Kong’s autonomy and its geographic location in relation to mainland China supports its strong logistics and transportation industry. Hong Kong boasts some of the largest cargo transport operations in the world by both air and sea. Many foreign companies take advantage of Hong Kong’s tax benefits by using it as a headquarters for production bases throughout the rest of Mainland China.
|Major Cities near Hong Kong||Hong Kong’s Main Industries|
In 2008, Hong Kong utilized USD 63 billion in Foreign Direct Investment (FDI). However, as space continues to diminish, Hong Kong’s potential may have been reached. In 2010, the FDI fell to USD 53.53 billion. In addition, Hong Kong’s GDP of USD 223 billion in 2008 was mainly concentrated in the tertiary sector (trading and logistics, as well as professional and financial services). Its GDP also stumbled to USD 219.5 billion in 2010. In terms of manufacturing, Hong Kong has a significant presence in the plastics and injection molding industry. English and Chinese are both official languages in Hong Kong, but the majority of international business conducted in English. Hong Kong’s skilled workforce is fed by 19 universities with over 24,000 students annually.
Hong Kong and its major cities are attractive to many foreign investors. Please click here for more information on
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