hong kong
Download
Skip this Video
Download Presentation
Hong Kong

Loading in 2 Seconds...

play fullscreen
1 / 28

Hong Kong - PowerPoint PPT Presentation


  • 64 Views
  • Uploaded on

Hong Kong. Flexible Middleman in Uncertain Times. Big Trends in HK. De-industrialization Economic reintegration with China Externally Oriented Economy. Big Picture. Basic Law says Capitalist way of life persist for another 40 years Basic Law Text

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about ' Hong Kong ' - silas-castro


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
hong kong

Hong Kong

Flexible Middleman in Uncertain Times

big trends in hk
Big Trends in HK
  • De-industrialization
  • Economic reintegration with China
  • Externally Oriented Economy
big picture
Big Picture
  • Basic Law says Capitalist way of life persist for another 40 years Basic Law Text
  • Government pursues policy of ‘positive non-intervention’ (Tsang, S, A Modern History of Hong Kong - Google ??).
    • Support the economy with infrastructure if cost-benefit is positive
    • Let market pick economic winners
government policy and investment environment
Government Policy and Investment Environment
  • Common law system with a generally independent judiciary Judicial Independence and the Rule of Law in Hong Kong
  • Overcome a history of public corruption Hong Kong Experience
  • Only tarriffs on alcohol and cigarettes
  • No capital controls
  • Corporate Tax Rates 16.5% EIU.com, OECD average 26.25% OECD Tax Database
human capital resources
Human Capital Resources
  • Well educated population
  • Barro-Lee Database Harvard CIID

http://www.cid.harvard.edu/ciddata/ciddata.html

pegged exchange rate
Pegged Exchange Rate
  • HK$ stable vs. US$ but against a trade weighted basket it is fairly volatile.

IMF International

Financial

Statistics

exchange rate
Exchange Rate
  • Standard Deviation of growth rate vs. various currencies. (95% of months, up and down movements will be within + or – 2 standard deviations)
hong kong services industries
Hong Kong Services Industries

Finance and International Trade are the most important industries and growing more so.

% of GDP

slide13
Lending dominated by the banking sector.
  • Banking dominated by HSBC and its Hang Seng subsidiary.
direct vs indirect finance asia 2004
Direct vs. Indirect FinanceAsia 2004

Source: Eichengreen & Luengnaruemitchai

market dominance
Market Dominance
  • More than 2/3’s of deposits are held at top 4 banks including HSBC, Hang Seng, Bank of China and StanChart.
hong kong exchange red chips and h shares
Hong Kong ExchangeRed Chips and H -shares
  • Growing importance of Red Chips (Chinese companies incorporated outside PRC) & H-share (PRC incorporated shares traded in HK).
re export industry
Re-Export Industry
  • China re-exports by far the biggest element of trade
market dominance1
Market Dominance
  • More than 2/3’s of deposits are held at top 4 banks including HSBC, Hang Seng, Bank of China and StanChart.
slide22
Volatile Financial Market
  • Healthy external Position
  • Troubled External Partners
hong kong future
Hong Kong Future
  • Long term Prospects are good but economy is reliant on China growth.
  • Free market enabled HK to fairly smoothly adjust to changing economic environment .. And should again.
ad