Monthly Archives: December 2013

Hong Kong has many unexploited opportunities in the finance and banking sector. The city houses many local and international firms that would like to have a market share of the fast growing Chinese economy and such enterprises competing globally. The town is known for its developed financial infrastructure, effective functional regulatory bodies and capital. Hong Kong has attracted the financial professionals with the highest level of professionalism and talent and a number of service providers from all over the world.
In 1980s, many companies moved to Hong Kong in search for cheap manufacturing labor, which led to Hong Kong in increasing capital formation and asset management assurance in which, banking sector has made great contributions to convert Hong Kong into the regional hub for entire Asia pacific. They thrived due to government’s support to the sector via use of trusted legal systems, low taxation in the sector and providing security through intellectual property for business.
The succeeding financial sector with a strong base in non-banking financial sector has seen Hong Kong ranked as the best in two consecutive years. Such financial services include the IPO, insurance, SMEs and cooperative credits facility. You will be surprised to know a fact that Hong Kong has surpassed USA and UK by far according to the World Economic Forum’s annual Financial Development.
Hong Kong houses over 70 of the 100 top world banks, as a world banking town where, the city’s 6.2% population works for the banking industry and translates to be about 226,400 individuals employed.
Hong Kong acts as an offshore market for the burgeoning renminbi (RMB) centre. Hong Kong commands both local and international settlements of RMB trade and also serves as the regional hub for the Asia pacific. This has been proved by the data collected in 2012 and declared the city as the most competitive in the offshore platform business in RMB. RMB trade settlement is responsible to back the data and manages them by the help of banks in Hong Kong totaling to RMB 2,633 billion Yuan, accounting for 90% of the China’s mainland external trading that is settled for the same period (RMB 2,937 billion Yuan).
Sustainable Growth in Fund Management
Hong Kong uses international financial management systems with assets under management rising up to HK$5,764 billion in the year 2011. As per the latest survey conducted by Securities and Futures Commission (SFC), the growth has been robust and determined to be increased from US$9.1 billion in 2004 to US$87.1 billion in the third quota of 2012.

As Asia’s heading logistics, transportation and budgetary center, Hong Kong is the regular decision for Ict organizations needing to administration customers crosswise over Asia.

Data and Communications Technology

Hong Kong itself furnishes a prepared market for Ict organizations, with 3,800 territorial central command or business settings situated in the city and many Hong Kong organizations found all around the Greater Pearl River Delta (GPRD) district. Hong Kong is likewise deliberately found in the focal point of Asia, so territorial Ict activities might be adequately actualized and oversaw from a center in Hong Kong, where an exceedingly gifted workforce is promptly accessible.

Hong Kong’s remarkable foundation likewise makes it a perfect base for organizations serving worldwide markets and a magnificent site for information centres. Its planet class telecommunication framework ranks second in the Penetration of High Speed Optical Technologies Index 2011. Associations incorporate eight submarine link frameworks, 17 overland link frameworks and eight satellites for outer interchanges, with progressively on the route in 2012 and 2013 incorporating the Asia Submarine-Cable Express and the Southeast-Asia Japan Cable. This suitability is supported by a solid power supply (right now surpassing 99.99 percent) and an environment generally free of characteristic catastrophes.

Information Centres

With its complex high-tech framework, tech-wise experts, solid power supply, and hearty implementation of information security and security, Hong Kong offers an astounding area for high-end territorial information centres in Asia-Pacific. As the area’s business center point, Hong Kong is home to numerous logistics, money and proficient administrations organizations, all of whom depend on secured information focus offices to backing their operations. A considerable lot of these organizations are outsourcing information space and administration, exhibiting an energizing chance for information focus administrators.

Investhk’s Ict group can offer useful direction and backing to information focus administrators searching for extension chances, and in addition to business end clients intrigued by setting up their information focus offices in the area.

Cloud Technology

Hong Kong is a heading local center point for cloud innovation, offering energizing nearby chances and incredible potential as a launchpad for venture into Mainland China and universal markets.

As a worldwide place for the money and assembling businesses, which are the biggest adopters of cloud engineering administrations, Hong Kong revels in solid neighborhood request with exceptional development potential.

Interest is supported by the Hong Kong Government’s proposal to convey e-administrations and data through distributed computing. The proposed Government Cloud environment incorporates capacities to backing base as an administration (Iaas), stage as an administration (Paas) and programming as an administration (Saas) as a private cloud for utilization by all legislature work places and divisions.

Assuming that you need to discover progressively about chances identifying with distributed computing in Hong Kong, please contact Investhk’s Ict group.

Programming and Services

The programming and administration industry is a key segment of Hong Kong’s Ict part. Request from multinationals and Sme customers is solid. A considerable lot of the planet’s heading programming administrations organizations base their provincial operations, for example, bargains and promoting, back, specialized backing and human assets in the city, reflecting their customers’ inclination for Hong Kong as a local base.

Hong Kong’s thorough insurance of erudite property, and its tech-smart buyers make the city a perfect testbed for organizations trying to start new items into Mainland China.

Investhk has helped programming and administrations suppliers set up in Hong Kong. To discover more, please contact Investhk’s Ict group.

Telecommunications

Hong Kong is at the front line of worldwide telecommunications advertises, with a propelled base and high consume of administrations. All divisions of Hong Kong’s telecommunications showcase have been liberalised and there are no confinements on outside possession or cutoff points to the amount of specialists in the business. This, in addition to its tech-sharp experts and customers, and closeness to Mainland China, imply that Hong Kong is a fabulous local base for multinational telecoms organizations that need to enter Asia Pacific’s high-development advertises.

http://www.investhk.gov.hk/business-opportunities/information-communications-technology.html

Creation of a commerce depository bank account in Hong Kong is an uncomplicated procedure. Those people who are taking interest in this matter should consider their business status as this is essential to choose an account type in the bank. People can gain services of professional bankers in this matter that are in performance in various famous banks and providing proper instructions and directions to customers. After this knowledge, customers should prepare all those documents that are essential for account opening and this preparation is an easy matter with proper observation of features and specifications of account types in the market place. Some essential steps are mentioned as below which should be obligated by all personnel.
In the first step, you should fulfill all those documents which are known as business documents as these are essential to provide validity of business to selected bank. Banks are also demanding some amount of deposit in start that is commonly stated as HK$2, 000. Banks are also responsible to collect complete information about those people which have ownership of the business or company. Account holders are also responsible to provide this information as this is essential for obligation of anti money laundering directions and rules. So, it can be stated that opening of business account in Hong Kong is an easy and simple matter which can be performed by all people with no doubt. In this matter, people should use the services of those people which are related to banking field as this is helpful sources to gain proper information about preparation of documents.
For this purpose, people should use latest communication sources that are effective and rapid in connections to make them result oriented in the social order. Accordingly, the use of latest technologies in this matter is also preferred as customers can achieve their specific goals easily and comfortably in the marketplace. In the same way, people should provide all those documents which are required for opening of business accounts in Hong Kong. These documents are mentioned as business proof, company registration certificate and office catalogs because these are essential to solve various finance issues comfortably. As the result of this situation, people should follow the rules and make their business secure and progressive with the use of latest finance and communication sources that are essential to make business winning and successful in the social order. This situation is beneficial for all persons but they should take proper interest in this matter to make bank accounts beneficial and secure.

Hong Kong has developed into one of the essential business centers in the area. Found on the South East Coast regarding China it became portion of China upon 1 July, 1997. It is a Unique Management Region (SAR) inside the People’s Republic regarding China with its personal legislature along with courts. Regardless of the presence of company centers for example Shanghai, Hong Kong continues to obtain popularity being an offshore legislation and commercial hub due to the economic and politics stability and simple and straightforward taxes regime as well as legislative program. The Hong Kong offshore company is an extremely well-known vehicle regarding conducting offshore financial actions, international industry, investment actions, as well as for asset safety.
Many of the key advantages of Hong Kong being an overseas jurisdiction consist of:
Favorable Tax routine: Hong Kong follows the territorial plan regarding taxation, the companies usually are taxed only on the particular income which is derived from HK and income earned past the shores regarding Hong Kong usually are exempted through tax. Furthermore there is not any VAT, or capital benefits tax or taxes on returns this makes it an extremely desirable legislation. Thus, the Hong Kong offshore business that produces earnings from abroad virtually gives Zero taxes. Overseas earnings are not affected by taxation within Hong Kong even though it is cut back to the legislation.
Also for income generated through Hong Kong typically the tax relevant on taxable revenue is simply 16.5%, among the lowest in the area. After discount and permission the efficient taxes rate is going to be much lower compared to headline tax price.
Positive Picture: Hong Kong Businesses are not regarded as offshore tax safe place as Hk is not really considered to be a tax refuge. In a post released in May 2009, typically the Director from the OECD’s Centre with regard to Tax Policy as well as Administration recommended Hong Kong’s initiatives to conform to the worldwide standards upon tax transparency as well as exchange details while pointing out which Hong Kong is not really a tax safe place according to the OECD requirements. Subsequently, within the September 2009 survey, typically the OECD vindicated once again that Hong Kong is not really a tax safe place and recognized Hong Kong’s obligations for the OECD requirements. As a result the Hong Kong Offshore company instructions a respectable picture and does not increase accusations.
Proper Location: Hong Kong is regarded as the portal in order to China, typically the world’s greatest market and allows for quick access for you to mainland China and the real key marketplaces of Asia, many of the Asian cities usually are within 4 hours traveling radius.