±JOIN OUR NEWSLETTER

Get useful expat articles, health and financial news, social media recommendations and more in your inbox each month - free!



We respect your privacy - we don't spam and you can unsubscribe at any time.

±Compare Expat Providers

Expat Health Insurance Quotes

Foreign Currency Exchange Quotes

International Moving Quotes

We're very social! Follow Expat Focus on Facebook, Twitter, Pinterest and Google+

Expat Focus Facebook PageExpat Focus on TwitterExpat Focus Pinterest PageExpat Focus Google+ Page

Notify me when new content is added about a country

±Expat Focus Partners

Overview

Hong Kong (City) - Overview

Click here to go to this city guide's homepage


Under British rule, Hong Kong has enjoyed the status of being the gateway to business opportunities to China for almost a century, and its free trade economy was very dependent on international trade. This in turn attracted many foreigners to work and live in Hong Kong. Service industries, such as telecommunications, insurance, banking and tourism, were the main employers, and accounted for almost three-quarters of jobs for Hong Kong residents.

Since Hong Kong's return to Chinese rule in 1997, combined with the gradual opening up of Chinese cities in mainland china such as Shanghai, the situation has somewhat changed. Although the number of foreign companies with regional headquarters in Hong Kong may still be on the rise, this is not as fast as the number of foreign companies setting up offices in mainland China itself. Given mainland China's enormous potential for growth and business, Hong Kong's continued future as the commercial gateway to China took a slight beating. Nonetheless, the city's fundaments - excellent infrastructure, sophisticated banking and financial hub, expert workforce and good business working environment - remain an attractive magnet to expatriates.

Although Hong Kong has returned to Chinese rule, Hong Kong, also known as the Hong Kong Special Administrative Region (HKSAR), is administered separately from the central government in China. The central Chinese government has guaranteed Hong Kong a high degree of autonomy, except in the area of foreign and military policies.

One of the world's most densely populated cities, Hong Kong has a total population of 6.96 million. Almost half of Hong Kong's population is in the workforce – around 3.5 million. Aptly dubbed as Asia's World City, about 7% of the total population is foreigners (as of 2007). The top three nationalities are from the Philippines, Indonesia and Thailand. For detailed statistics on Hong Kong's population and workforce, refer to the Hong Kong Census and Statistics Department website.

InvestHK, a government agency that promotes foreign investment in Hong Kong, has an interesting website that provides an overall summary of the international communities and the leading companies that are operating in Hong Kong. In addition, for more information on the international community in Hong Kong, you may wish to refer to your respective chamber of commerce. There are many foreign chamber of commerce with offices in Hong Kong, such as the American Chamber of Commerce (). Expatriates can find a wealth of business information for the South China region at this website. In the UK, the Hong Kong Economic and Trade Office based at 6 Grafton Street, London W1S 4EQ.

Despite Hong Kong's history as a British colony, Hong Kong's culture is deeply eastern with emphasis on relationships, family importance and the value of "face" being persistent in both business and social circles. Expatriates who live and work in this city will find the city fiercely competitive and refreshingly vibrant.



Expat Health Insurance Partners


Aetna

Our award-winning expatriate business provides health benefits to more than 650,000 members worldwide. In addition, we have helped develop world-class health systems for governments, corporations and providers around the world. We want to be the global leader in delivering world-class health solutions, making quality health care more accessible and empowering people to live healthier lives.

Bupa Global

At Bupa we have been helping individuals and families live longer, healthier, happier lives for over 60 years. We are trusted by expats in 190 different countries and have links with healthcare organisations throughout the world. So whether you're moving abroad for a change of career or a change of scene, with our international private health insurance you will always be in safe hands.

Cigna

Cigna has worked in international health insurance for more than 30 years. Today, Cigna has over 71 million customer relationships around the world. Looking after them is an international workforce of 31,000 people, plus a network of over 1 million hospitals, physicians, clinics and health and wellness specialists worldwide, meaning you have easy access to treatment.