Hong Kong is a renowned global business city, especially as a centre of financial markets.? After New York and London, Hong Kong is recognized as the third largest financial hub in the world and this could improve further after Standard & Poor's rating for HK was improved to the highest triple A level rating.? With a per capita GDP of approximately US$32,000 (IMF 2010 / current prices), Hong Kong's results are similar to that of the European Union and ahead of many larger nations.? Considering the importance of the financial sector to HK's economy and the impact of the financial crisis, demonstrates why Hong Kong is a popular and valuable jurisdiction.
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1. Social and Political Environment
Hong Kong holds impressive rankings in global business surveys such as being the most business efficient and the 2nd most economically efficient in the world (IMD World Competitiveness Yearbook). Hong Kong is also ranked as the 13th least corrupt country in the world (Transparency International �C Corruption Perceptions Index 2010).? Hong Kong has a stable economic and political environment with a pro-business government and an independent legal system. For these reasons it is not surprising that Hong Kong is a popular choice for regional operations in Asia, with 1,252 regional headquarters and 2,company foramtion hong kong,328 regional offices (Hong Kong SAR Government's Census & Statistics Department).
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2. Location
Strategically located in close proximity to China, Hong Kong plays a vital role in accessing the Mainland China market for many foreign entrepreneurs. Hong Kong is just one hour's drive from the world's largest manufacturing region, the Pearl River Delta, which produces 30% of China's exports. Hong Kong accounts for a large share of inward investment to Mainland China and China is the largest trading partner for Hong Kong.