Are you thinking of starting a brand-new business? Having gathered the required capital and coming up with a solid plan for the future, it’s time to decide exactly where you are going to establish it. While there are a number of booming markets around the world, Hong Kong stands out over the rest because of several reasons. In this article, we will look into a few of those factors that make this Asian metropolis an attraction for investors worldwide.
Access to China
Being a special administrative region of China, one of world biggest economies that show promising signs for the future, Hong Kong offers its businesses a chance to take advantage of the sophisticated infrastructure and production capabilities of its neighbor. The CEPA (Closer Economic Partnership Agreement) which was signed by the two parties in 2004 gave Hong Kong exclusive access to certain areas and resources of China, and ever since then, the businesses of the metropolis have undergone some major financial improvements. The recent rise of ecommerce web development Hong Kong underwent has made doing business with its neighbor much simpler as it is home to the world’s biggest population, majority of whom are computer literate and uses the internet for shopping purposes.
For a business to run smoothly, it requires all external factors to remain as stable as possible, so that the internal decision-making process will be able to reap the maximum benefit off the market place. Hong Kong fully understands this and makes it a point to provide its pool of organizations with world class infrastructure facilities that greatly increase their efficiency. Electricity and water are always available and the word “power outage” is not something you can find in this cities vocabulary. More and more businesses chose to build ecommerce websites in order to reach the 98% of the population who uses broadband facilities and falls under the large pool of potential customers. Transportation too is extremely efficient fibbing the cities many corporate employees to reach their business destinations in a timely manner, minimizing time wasted on traffic and making more time for work. The government is constantly coming up with new plans that will improve the road network and the highly efficient railway system of Hong Kong with modernization.
The perfect cultural blend
Being one of the freest cities in the world, there exists a perfect blend of eastern and western culture that has always been contributing factor for the flow of foreign investments into Hong Kong. In addition to the bustling corporate nature, the city also has an exciting nightlife and also a beautiful country side to provide its residents with the perfect blend for releasing the stress. There is a boy less number of diverse food in this metropolis, most of which are Chinese and the expats who work here absolutely love the cuisine that is highly captivating.