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HOME » Hong Kong
HONG KONG [28]
» Bank of America Tower [0]» Cyberport 2, 100 Cyberport [1]» Fanling [1]
» Hong Kong [7]» Hongkong [1]» Kowloon [7]
» Kwun Tong [0]» New Territories [3]» Sheung Wan [1]
» Tai Po [1]» Tsim Sha Tsui [1]» Tsuen Wan [2]
» Yuen Long [2]
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USEFUL BUSINESS INFORMATION ON HONG KONG

 

1. Country Brief:

 

A. Introduction - Hong Kong has the big city specials like smog, odour, 14 million elbows and an insane love of clatter. But it's also efficient, hushed and peaceful, the transport network is excellent, the shopping centres are sublime, and the temples and quiet corners of parks are contemplative oases.

 

Hong Kong is located in the Far East, just south of the Tropic of Cancer. Hong Kong Island is 32km (20 miles) east of the mouth of Pearl River and 135km (84 miles) southeast of Canton. It is separated from the mainland by a good natural harbor. Hong Kong Island was ceded to Britain in 1842 by the Treaty of Nan king; and the Kowloon Peninsula (south of Boundary Street and Stonecutters Island) in 1860 by the Convention of Peking.

 

The area of Boundary Street to Shenzhen River and a group of 260 islands, now known as the New Territories, were leased to Britain in 1898 for a period of 99 years. The New Territories (plus the 260 islands) comprise 891 sq km (380 sq miles). Shortage of land suitable for development has led to reclamation from the sea, principally from the seafronts of Hong Kong Island and Kowloon

 

B. Climate - Hong Kong has a sub-tropical climate, with cool, dry winters and hot, humid summers. Winter lasts from January to March, the coldest month being February when the temperature averages 61°F (16°C), the city being cooled by strong, cold winds that blow in from the north. In summer the wind blows from the south, bringing in warm and humid air and a rainy season that runs from spring through summer. Temperatures in summer climb to a maximum of around 82°F (28°C). Typhoons are possible during the autumn months.

 

C. Geographical Area - 1097 sq km (423.6 sq miles).

 

D. Language - Chinese and English are the official languages with Cantonese most widely spoken. Many, particularly in business circles, speak English

 

E. Currency With Exchange Rate -Hong Kong Dollar HKD7.7981 / USD 1

 

F. Population - 6,687,200 (1998).

 

G. Major Cities - Victoria City , Kowloon, Aberdeen, Fanling, Jiulong, Kowloon, Kwai Chung , Ma On Shan  , New Kowloon , Pol Fu Lam, Xianggang, Xianggangzi.

2. Transportation:

 

A. Railway - Hong Kong has an efficient train network. Public transport trains are operated by two companies, the MTR Corporation Limited (MTR) and the Kowloon-Canton Railway Corporation (KCRC).

 

The MTR operates the metro network within inner urban Hong Kong, Kowloon Penisula and northern part of Hong Kong Island with newly developed areas, Tsuen Wan, Tseung Kwan O, Tung Chung, Hong Kong Disneyland and the Hong Kong International Airport, while the KCR network connects the northeastern and northwestern parts of the New Territories with the urban areas of Hong Kong. The Hong Kong Tramways operates a tram service exclusively on northern Hong Kong Island. The Peak Tram connects Central, Hong Kong's CBD, with the Victoria Peak.

 

B. Road - Bus services have a long history in Hong Kong. In 2005, five companies operate franchised public bus services. There are also a variety of non-franchised public buses services, including feeder bus services to railway stations operated by the railway companies, and residents' services for residential estates (particularly those in the New Territories).

c. Airports - The Hong Kong International Airport is also a hub for ground transport to Mainland China and cities in the Pearl River Delta.

 

D. Waterways -

 

E. Sea ports

 

3. Economy:

Hong Kong has little arable land and few natural resources within its borders, and must therefore import most of its food and raw materials. Hong Kong is the world's 11th largest trading entity, with the total value of imports and exports exceeding its gross domestic product. As of 2006, there are 114 countries that maintain consulates in Hong Kong, more than any other city in the world. Much of Hong Kong's exports consists of re-exports, which are products made outside of the territory, especially in mainland China, and distributed through Hong Kong. Even before the transfer of sovereignty to the People's Republic of China, Hong Kong has established extensive trade and investment ties with mainland China. The territory's autonomous status enables it to serve as a point of entry for investments and resources flowing into the mainland.

 

A. Major Manufacturing Auto Parts, Building Materials, Garment, Electronic goods, Electrical Appliances, Plastic Raw Materials, Textiles, Food & Beverages.

 

B. Major Export - Auto Parts, Garment, Electronic goods, Electrical Appliances, Textiles

 

C. Major Import - Industrial products such as medical equipments, building materials, machineries, pharmaceuticals, etc.

 

E. Major Industry -

 

F. Trade Balance - In 2005, Hong Kong earned HK$162.2 billion from exporting trade-related services, accounting for 32.7% of total services exports.

 

4. Trade Associations, Chamber of Commerce, Trade shows and Exhibitions in Hong Kong:

 

Major Trade Assocations

 

Hong Kong Automotive Parts Industry Association

Hong Kong Productivity Council

5/F, Manufacturing Technology Division,

HKPC Building, 78 Tat Chee Avenue,

Kowloon, Hong Kong

Tel: 2788 5457 / 2788 5384

Fax: 2788 5543

Website: www.hkpc.org

 

Hongkong Automobile Association

391 Nathan Road, Kowloon.

Tel: 2739-5273

E-mail: [email protected]

Website: www.hkaa.com.hk

 

Major Trade Shows

 

HONG KONG INTERNATIONAL AUTO PARTS FAIR 2008

Description: Hong Kong International Auto Parts Fair

Event Dates

April 28 - May 01, 2008

Venue

AsiaWorld - Expo

Hong Kong

Hong Kong

Tel: 852 3606 8888

Fax: 852 3606 8889

[email protected]

www.asiaworld-expo.com

 

Organizers

Hong Kong Trade Development Council

38th Floor

Office Tower

Convention Plaza

1 Harbour Road

Wanchai

Hong Kong

Hong Kong

Tel: 852 2584 4333

Fax: 852 2824 0249

E-mail: [email protected]

www.tdctrade.com

 

5. Useful links

 

Hong Kong Importers, Dealers of Japanese Used Cars, Construction Machinery & Auto Parts.

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