Hong KongSpecial Administrative Region

of the People’s Republic of China

Presented by:

Derek Anderson

Lisa Boland

Koreen Hansen

Janice Ng

Cordell Rogers

Laura Severson

Outline Economic Growth and Challenges Political Impact Culture Doing Business in Hong Kong The Church of Jesus Christ of Latter-day

Saints in Hong Kong

Hong Kong

4 Main Areas: Hong Kong Island Kowloon New Territories Outlying Islands

Economic Base International finance and trade center

– 2nd largest stock market in Asia

– 9th largest banking center

– 7th largest exchange market Popular tourist destination Regional base of over 3,000 multi-national

corporations World's freest market 8th most competitive economy in the world

198023%

12%

7%25%

12%

21%

1998

24%

20%9%6%

15%

26%

Financing

Community

Transport

Manufacturing

Others

Wholesale & hotels

Major Economic Activities

Disneyland: Where Hong Kong's Dreams Come True

Project will generate: – $148 billion boost to the economy over

a 40 year period

Government's Financial Involvement

Spending a total of $22.45 billion $3.25 billion equity $5.6 billion loan to the project company Be repaid with interest over 25 years $13.6 billion in land formation & infrastructure costs

Political Climate HKSAR – one country, two systems

– Chief Executive and Legislative Council Falun Gong “Tung Chee-hua, step down!”

Political Impact on Business

Government shifting from laissez-faire to interventionist

Bridge between China and the world Future of Hong Kong as an international

financial center

Culture Business Hours

– Mon – Fri. 9AM – 5PM– Saturday 9AM – 1PM

Greetings & gestures– English & Chinese – Shake Hands– Address with full name– Sit with hands in lap & feet on floor

Culture Visiting

– Often in restaurants but also in homes– Shoes off

Eating– Generally use chopsticks to help yourself to

dishes placed in center of the table– Sometimes host or parent serves portions

Technology Transfer in Hong Kong

Little copyright protection in mainland China

Connections with manufacturing in mainland China

Consumer electronics manufacturer Headquartered in Hong Kong Manufacturing in Mainland China Oritron brand name in China and many brand

names elsewhere US$400 million company Insights

Hong Kong Temple