Hong Kong - Asia's world city




 Hong Kong - Business Information

Business Facts

GDP per Capita: $39,300
Major Exports: Electrical machinery and appliances, textiles, apparel, footwear, watches and clocks, toys, plastics, precious stones, printed material.
Major Foreign Exchange Counters: Western Union and Thomas cook
Key Industries: Textiles, clothing, tourism, banking, shipping, electronics, plastics, toys, watches, clocks.
Major Imports: Raw materials and semi-manufactures, consumer goods, capital goods, foodstuffs, fuel.

Business Overview
Hong Kong is one of the world's fastest growing free economy in the world. The Hong Kong Stock Exchange is the sixth largest in the world and the city is one of the most industrialized cities in Asia Pacific. Hong Kong government follows a policy of 'Official policy of positive non-interventionism'. Hong Kong economy once depended only on the highly developed manufacturing industry. But it was in the late 1980s when the service sector started to emerge in Hong Kong. Today the city has a very well developed service industry and the city is a major financial center of the world.

Major Business Centers
Hong Kong convention center:
The Hong Kong Convention and Exhibition Centre (HKCEC) is the largest event facility in Asia outside Japan. The venue has five exhibition halls, two ballroom-style convention halls, two world-class theatres, 52 meeting rooms and two large foyers. The Hong Kong Convention and Exhibition Centre became functional in November 1988.

The HKCEC has made huge contricution in establishing Hong Kong as Asia's trade fair capital. The HKCEC is owned and manged by the Hong Kong Trade Development Council (HTDC) and the Hong Kong Special Administrative Region Government. The convention center occupies a total area of around 221,968 sq m (2.39 million sq ft) with over 70,000 sq m (757,758 sq ft) of exhibition space. The convention center has been going constant expansion to cater the needs of China's ever growing event industry.

AsiaWorld-Expo center:
The AsiaWorld-Expo center is equipped with world class facilities to cater the needs of exhibition organisers, exhibitors and visitors. This venue has over 70,000 square metres of exhibition space. The center offers facilities like acoustic panelling systems, modular seating systems and star-quality backstage facilities. The major exhibitions taking place at the center are ITU telecom world, a series of China Sourcing Fairs and the Asian Aerospace International Expo and Congress.

AsiaWorld-Expo center was opened in 2005 and since then it has hosted some of the world's biggest events. AsiaWorld-Arena is also located in the expo center. The arena is Hong Kong's largest indoor seated venue. The arena covers a totl area of around 10,880 square meters with a maximum seating capacity of 13,500. The arena hosts several concerts, conferences and other corporate functions round the year. The AsiaWorld Arena has hosted numerous international music concerts of pop stars like Avril Lavigne, Christina Aguilera, Eric Clapton, John Legend, Oasis and Westlife.








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