Hong Kong

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The Hong Kong business setting is one of the best examples of laissez-faire capitalism in the world. A leading center for international trade and finance, Hong Kong’s service based economy is characterized by low taxation, a sound banking system, virtually no public debt, a strong legal system, ample foreign exchange reserves, rigorous anti-corruption measures and close ties with mainland China. It has one of the greatest concentrations of corporate headquarters in the Asia-Pacific region, a leading center for management, financial, IT, business consultation and professional services. Much of Hong Kong’s exports consist of re-exports, which are products made outside of the territory (especially in mainland China), and distributed via Hong Kong. Its physical location has allowed the city to establish a transportation and logistics infrastructure that includes the world’s second busiest container port and the world’s busiest airport for international cargo. One of the few negatives facing Hong Kong business is the cost of living. A growing wealth gap is not only prohibitive to lower and middle income segments of the population (who are increasingly unable to afford adequate housing), but for certain segments of the expat community as well.

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