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Careers, Jobs and Education Resources for: Hong Kong


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Occupied by the UK in 1841, Hong Kong was formally ceded by China the following year; various adjacent lands were added later in the 19th century. Pursuant to an agreement signed by China and the UK on 19 December 1984, Hong Kong became the Hong Kong Special Administrative Region (SAR) of China on 1 July 1997. In this agreement, China promised that, under its "one country, two systems" formula, China's socialist economic system would not be imposed on Hong Kong and that Hong Kong would enjoy a high degree of autonomy in all matters except foreign and defense affairs for the next 50 years. (from the CIA)
 
 

 

Economic Overview

Hong kong has a free market economy highly dependent on international trade. in 2006, the total value of goods and services trade, including the sizable share of reexports, was equivalent to 400% of gdp. the territory has become increasingly integrated with mainland china over the past few years through trade, tourism, and financial links. the mainland has long been hong kong's largest trading partner, accounting for 46% of hong kong's total trade by value in 2006. as a result of china's easing of travel restrictions, the number of mainland tourists to the territory has surged from 4.5 million in 2001 to 13.6 million in 2006, when they outnumbered visitors from all other countries combined. hong kong has also established itself as the premier stock market for chinese firms seeking to list abroad. bolstered by several successful initial public offerings in early 2007, by september 2007 mainland companies accounted for one-third of the firms listed on the hong kong stock exchange, and more than half of the exchange's market capitalization. during the past decade, as hong kong's manufacturing industry moved to the mainland, its service industry has grown rapidly and now accounts for 91% of the territory's gdp. hong kong's natural resources are limited, and food and raw materials must be imported. gdp growth averaged a strong 5% from 1989 to 2007, despite the economy suffering two recessions during the asian financial crisis in 1997-98 and the global downturn in 2001-02. hong kong continues to link its currency closely to the us dollar, maintaining an arrangement established in 1983.

Environmental Issues

Air and water pollution from rapid urbanization

Government Type

Limited democracy

Population

7,018,636 (july 2008 est.)

Location

Eastern asia, bordering the south china sea and china

Area

Total: 1,092 sq km land: 1,042 sq km water: 50 sq km

Six times the size of washington, dc

Country Aliases

Conventional long form: hong kong special administrative region conventional short form: hong kong local long form: xianggang tebie xingzhengqu local short form: xianggang abbreviation: hk

International Disputes

None

Sources: Central Intelligence Agency (CIA)

6 Hong Kong Jobs Found


Responsibilities: Responsible for the new products launch and maintain a good relationship with current and new business partners and internal cust...
UPS - Cheung Sha Wan - posted 3 days ago
Major Responsibilities: Expand business development opportunities by identifying customer needs, developing risk mitigation and insurance solutions...
UPS - Cheung Sha Wan - posted 3 days ago
Job Summary The Region Sales Manager (CSM) is responsible for the execution of the sales plan while ensuring profitable revenue for the business un...
UPS - Cheung Sha Wan - posted 3 days ago
o support our growing business as a long-established leader in global Logistics and Freight Forwarding, we are seeking a passionate, motivated and ...
UPS - Cheung Sha Wan - posted 21 days ago
Major Responsibilities: Acquire business from potential customers by offering UPS value-add logistics service Gather information from the market to...
UPS - Cheung Sha Wan - posted 24 days ago
To support our growing business as a long-established leader in global Logistics and Freight Forwarding, we are seeking a passionate, motivated and...
UPS - Cheung Sha Wan - posted 24 days ago
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