seven things you didn't know about hong kong
TRANSCRIPT
SEVEN THINGS YOU DIDN’T KNOW ABOUT HONG KONG
2 HONG KONG WHAT?
1. WHERE IT IS (IT’S OKAY, YOU CAN ADMIT IT)
50% of the world’s population is within a 5 hour 5light.
3 HONG KONG SEVEN 1. WHERE IT IS (IT’S OKAY, YOU CAN ADMIT IT)
50% of the world’s population…
4 2. ALSO, THERE’S THIS.
3. BUT YES, IT’S IN CHINA. KIND OF. HONG KONG WHAT? 5
‣ Special Administrative Region ‣ The Handover in 1997 ‣ Of<icial language: English and Cantonese
‣ Education system
CENSORSHIP HONG KONG VS. MAINLAND CHINA 6
‣ Mainland China second to Iran ‣ 2010 – Google re-‐routed all internet traf<ic through HK ‣ Facebook is blocked
TRUST 7
TRUST HONG KONG VS. MAINLAND CHINA
8
‣ Quality standards ‣ Strong legal system ‣ Brand names ‣ Foreign brand
4. TECH AND MOBILE ARE ALL THE RAGE. HONG KONG WHAT? 9
‣ 90% of residents have internet access (vs. 80% in US vs. 66% in Shanghai)
‣ 55 MPBS average internet speed (vs. 36mbps in US, 5 in Shanghai)
‣ 2.3 MOBILE PHONES per person (vs. 1.03 in the US and 0.85 in China)
5. HONG KONG <3 BUSINESS HONG KONG WHAT? 10
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20
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China Middle East & North Africa
East Asia & Pacific
Eastern Europe &
Central Asia
United Kingdom
United States Hong Kong SAR, China
Procedures (number)
Time (days)
Cost (% of income per capita)
Paid-in Min. Capital (% of income per capita)
FREEDOM, SUPPORT & PROTECTIONS HONG KONG WHAT? 11
‣ ECONOMIC FREEDOM best place for business, #1 freest economy
‣ GOVERNMENT SUPPORT low tax rates
‣ GATEWAY TO CHINA fastest growing consumer economy in the world
‣ LEGAL PROTECTION British legal system, IP laws
6. THERE ARE A LOT OF PEOPLE. LIKE, A LOT. HONG KONG WHAT? 12
HONG KONG WHAT 13
133,000 people per km2 in Mong Kok
1 IN 6 cars is a Mercedes Benz $233,000 USD for one bottle of wine
BUT THEY GET AROUND JUST FINE.
7. ENTREPRENEURSHIP IS ESCALATING (LITERALLY)
HONG KONG WHAT? 15
‣ #1 Top Tech Capital to watch, according to Forbes (after SF and NY)
‣ 150x square footage of co-‐work space as there was 12 months ago
‣ 150,000 new businesses launched in 2011 (vs. 65,000 in NY)
