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Seven Things You Didn't Know About Hong Kong

Seven Things You Didn't Know About Hong Kong

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Before I moved to Hong Kong, there was a lot I didn't know about it (there still is lots left to discover). Here are the key things I think are worth knowing if you're thinking about moving to Hong Kong or are curious about start up life here.

Before I moved to Hong Kong, there was a lot I didn't know about it (there still is lots left to discover). Here are the key things I think are worth knowing if you're thinking about moving to Hong Kong or are curious about start up life here.

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Seven Things You Didn't Know About Hong Kong

  1. 1. SEVEN THINGS YOU DIDN’T KNOW ABOUT HONG KONG
  2. 2. HONG KONG WHAT? 2 1. WHERE IT IS (IT’S OKAY, YOU CAN ADMIT IT) 50% of the world’s population is within a 5 hour 5light.
  3. 3. HONG KONG SEVEN 3 1. WHERE IT IS (IT’S OKAY, YOU CAN ADMIT IT) 50% of the world’s population…
  4. 4. 2. ALSO, THERE’S THIS. 4
  5. 5. HONG KONG WHAT? 5 3. BUT YES, IT’S IN CHINA. KIND OF. ‣ Special Administrative Region ‣ The Handover in 1997 ‣ Of<icial language: English and Cantonese ‣ Education system
  6. 6. HONG KONG VS. MAINLAND CHINA 6 CENSORSHIP ‣ Mainland China second to Iran ‣ 2010 – Google re-­‐routed all internet traf<ic through HK ‣ Facebook is blocked
  7. 7. TRUST 7
  8. 8. HONG KONG VS. MAINLAND CHINA TRUST 8 ‣ Quality standards ‣ Strong legal system ‣ Brand names ‣ Foreign brand
  9. 9. HONG KONG WHAT? 9 4. TECH AND MOBILE ARE ALL THE RAGE. ‣ 90% of residents have internet access (vs. 80% in US vs. 66% in Shanghai) ‣ 55 MPBS average internet speed (vs. 36mbps in US, 5 in Shanghai) ‣ 2.3 MOBILE PHONES per person (vs. 1.03 in the US and 0.85 in China)
  10. 10. HONG KONG WHAT? 10 5. HONG KONG <3 BUSINESS 120 100 80 60 40 20 0 China Middle East & North Africa East Asia & Pacific Eastern Europe & Central Asia United Kingdom United States Hong Kong SAR, China Procedures (number) Time (days) Cost (% of income per capita) Paid-in Min. Capital (% of income per capita)
  11. 11. HONG KONG WHAT? 11 FREEDOM, SUPPORT & PROTECTIONS ‣ ECONOMIC FREEDOM best place for business, #1 freest economy ‣ GOVERNMENT SUPPORT low tax rates ‣ GATEWAY TO CHINA fastest growing consumer economy in the world ‣ LEGAL PROTECTION British legal system, IP laws
  12. 12. HONG KONG WHAT? 12 6. THERE ARE A LOT OF PEOPLE. LIKE, A LOT.
  13. 13. HONG KONG WHAT 13 133,000 people per km2 in Mong Kok 1 IN 6 cars is a Mercedes Benz $233,000 USD for one bottle of wine
  14. 14. BUT THEY GET AROUND JUST FINE.
  15. 15. HONG KONG WHAT? 15 7. ENTREPRENEURSHIP IS ESCALATING (LITERALLY)
  16. 16. ‣ #1 Top Tech Capital to watch, according to Forbes (after SF and NY) ‣ 150x square footage of co-­‐work space as there was 12 months ago ‣ 150,000 new businesses launched in 2011 (vs. 65,000 in NY)
  17. 17. COME SAY HI. @allison_baum allisonb@frescocapital.com

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