Ever since the cost of properties increased, Hong Kong’s manufacturing industries move their factory to mainland China. Hence, the manufacturing industry in Hong Kong decreased which caused the booming of the service and logistics industry. Hong Kong has restructured its economy into a knowledge-based economy with a highly educated workforce.It is important that Hong Kong is a regional business hub for foreign counterparts that want to do business in China. The reason is because, since the opening of the China market, Hong Kong has been one of China's largest trading partners. Businessmen from both countries can work well together because of the common language they speak. Therefore, most businessmen would use Hong Kong as a stepping stone to enter the China market.
The TDC has about 40 office over the world and there are about 11 offices in mainland China. The main reason why more than a quarter is located there is because China's economy is booming. More businessmen would like to do business in China because of it's cheap labour, large consumer market and low rent. Hence, the TDC acts as a match-maker to link foreign businessmen with the businessmen from China Mainland.
The TDC has a Business Information Centre in its main office. The Business Information Centre is like a huge library that provides almost all information you need to do business in the world or Asia. For example, there's personal computers available for you to do your research so that you can tap onto their database. There's also a newspaper archive, photo gallery and several catalogs about the SMEs in Hong Kong and the PRD regions. You can even find global directories for doing business in Asia. Statistics about various countries are also available.
Businessmen are allowed to make an appointment with the TDC and they will arrange for a face-to-face meeting to provide advices. They will give advices such as the laws, tax and trade issues to take note of when doing certain business in China.
I feel that having all the information needed in a one-stop-commercial hub is very convenient for foreigners that are not familiar with doing business in the region. Singapore should adopt this strategy to make its environment more business-friendly. it will also be very useful for students who want to research more on international business. Furthermore, with the ease of retrieving info and assistance, the locals may feel more confident in venturing abroad.
However, I feel that Hong Kong should improve on it's wireless network. Not every hotel offers good wireless connection. Although the country maybe bigger than Singapore. But I feel that in this technological advance era, it is very important to have a good infrastructure to attract foreigners. Every min and second lost cost money.. Most transactions are conducted in a wireless network.
However, I feel that Hong Kong should improve on it's wireless network. Not every hotel offers good wireless connection. Although the country maybe bigger than Singapore. But I feel that in this technological advance era, it is very important to have a good infrastructure to attract foreigners. Every min and second lost cost money.. Most transactions are conducted in a wireless network.
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