Recently taken under the fold by the Chinese language government, Hong Kong is a densely populated island, with a westernized outlook, Chinese language roots and tradition.
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The captivating amalgamation of Chinese traditions and British outlook has shaped a modern, westernized capital economy with a multiple cultural ethos. Referring to its past glories and recent return to Chinese sovereignty, understanding the ethos and culture of Hong Kong becomes imperative whenever you plan to move to Hong Kong or are thinking about working there.
Cultural History of Hong Kong
After the defeat of China throughout the Opium War, Britain got Hk as a colony to rule over for the next 99 years. It had been in 1898 that the lease has been signed and China got back the sovereignty over Hong Kong in 1997. However , it was put into the agreement that Hong Kong would be able to maintain a totally free economy for the next 50 years and so, Hong Kong gained the position of ‘Special Administrative region’. The particular special status endowed by Cina has lead to a very open transfer and export policies with just 15% taxation limits. The perfect mix associated with ancient Chinese traditions and the overlay of western British influence of the last 99 years have given the people of Hong Kong, a different ethos and separate identity. The increase of people over the years has earned Hong Kong the tag of a global city.
Work and Emerging Changes
The majority of the service industries deal in telecommunication, insurance, banking, real estate and travel and leisure. Tourism in Hong Kong has obtained a lot of world wide attention, especially because it is known as the ‘Movie Capital of Asia’. Despite being under the British influence, Hong Kong has been able to define a separate identity and the changeover along with sovereignty to China has been soft. The corporate culture is an amalgamation of people working from all over the world, and the combining cultures have made the well informed working class with an international marketplace savvy business culture in Hk fast growing. However , with changing times, expatriates looking for work in China need to have language proficiency in Cantonese and Mandarin with a high level of experience in their fields.
The constant migration of people has enabled to make Hk to become cosmopolitan, well adapt to make expatriates feel at home. The unique social ethos at the workplace has brought about a multi ethnic society where people of different nationalities live and come together for a common goal. Though it is often subjected to intense political and economic changes, during the recent years, it has managed to remain a global city, with rising markets–in real estate, tourism and a booming service industry. High end medical services have given rise to a new service industry of medical travel and leisure.
As Hong Kong strengthens its economy, the demand for both residential and commercial spaces for buying and on rent, is on the rise. Because it has become one of preferred base for multi national companies in Asia, the demand to house the expanding expatriate employees is on the rise. As well as that the local population and better for each capita income has given rise for increased real estate investment. Even after the real estate recession ended in 2003, the costs are still undervalued making Hong Kong a sought after destination by overseas traders, with a bright future ahead. Speedy progress in the Tourism industry and projection of Hong Kong as an international travel destination has indirectly assisted real estate development in the country.