Date
17 October 2017
To many corporates, Hong Kong is their preferred city in the region in which to grow their business, says Standard Chartered Bank Hong Kong CEO May Tan. Photo: HKEJ
To many corporates, Hong Kong is their preferred city in the region in which to grow their business, says Standard Chartered Bank Hong Kong CEO May Tan. Photo: HKEJ

What makes Hong Kong tick?

For decades, Hong Kong has stood out from Asia’s competitive business landscape and maintained its position as one of the most important economic engines in the region.

Hong Kong’s competitive business environment is built upon a solid foundation — integrity of its people, rule of law and a simple and low tax regime.

The city’s effective and efficient regulatory environment and determination to fight corruption have made it one of the cleanest economies in the world.

Having been named the world’s freest economy 20 years in a row, Hong Kong has had minimal intervention from the government. Free capital flow and a deep liquidity pool provide the perfect conditions for investment and trade.

Hong Kong’s mature and sophisticated banking system caters to the varied needs of different companies. A strong capital and liquidity pool provides ample financing resources and our debt market is one of the most liquid in the region.

To many corporates, Hong Kong is their preferred city in the region in which to grow their business.

But the exciting opportunities on offer do not stop at Hong Kong’s territorial boundaries.

The city is international yet enjoys proximity to the rest of the Greater China region. It is well connected and is less than five hours’ flight from half of the world’s population, with direct flights to 180 destinations, including 44 in mainland China, strategically bridging China and the world.

As a gateway to the mainland, Hong Kong acts as a springboard for investors from around the world to tap into the fast-growing Chinese wealth.

At the same time, Hong Kong provides mainland corporates access to international investors and liquidity in the debt and equity markets. It’s also a developed center for foreign exchange trading, commodities hedging and structured solutions.

Cross-border economic and financial integration with mainland China has significantly boosted Hong Kong’s position as a regional platform for trade and investment. Its role as China’s leading offshore renminbi center has made it a testing ground for moves to open up China’s capital account and financial markets.

In addition to its homegrown pool of business professionals, Hong Kong has been drawing talent from all over the globe, making it the place where east meets west, and innovation meets tradition.

Besides exciting business opportunities, many are attracted by Hong Kong’s interesting life outside work: dynamic social circles, international cuisine, diverse communities, a rich cultural mix, a vibrant art scene. Hong Kong has it all.

With its unparalleled “can do” spirit, Hong Kong is sure to carry on with its fine tradition and maintain its competitive position in the region.

[Index page]

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RA

Hong Kong’s role as China’s leading offshore renminbi center has made it a testing ground for moves to open up China’s capital account. Photo: AFP


A rich cultural mix has contributed to Hong Kong’s success. Photo: Bloomberg


Chief Executive Officer of Standard Chartered Bank (Hong Kong) Limited

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