Hong Kong

Business trip to Hong Kong, China

Business trip to Hong Kong, China

Hong Kong is one of the world’s fastest growing free economies in the world. The Hong Kong Stock Exchange is the sixth largest in the world. Hong Kong government follows a policy of ’Official policy of positive non-interventionism’. The Hong Kong economy once depended only on the outstanding developed manufacturing industry. In the late 1980s the service sector started to rise in Hong Kong. Today Hong Kong has a very good developed service industry and the city is a major financial center of the world.

As being one of the world’s leading financial centres,. its highly developed capitalist economy has been ranked the freest in the world by the Index of Economic Freedom for 15 consecutive years. It is an significant centre for international finance and trade, with a very large concentration of corporate headquarters for the Asia-Pacific region.


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The Hong Kong Stock Exchange is the 6th largest in the world, with a market capitalization of € 1,95 trillion as at 2007. In 2009, Hong Kong’s currency is the Hong Kong dollar, which has been pegged to the U.S. dollar since 1983.

The Government of Hong Kong plays a passive role in the financial industry, mostly leaving the direction of the economy to market forces and the private sector. Under the official policy of "positive non-interventionism", Hong Kong is often cited as an example of "laissez-faire" capitalism. Following the Second World War, Hong Kong industrialized rapidly as a manufacturing centre driven by exports, and then underwent a rapid transition to a service-based economy in the 1980s.

Hong Kong became a financial centre in the 1990s, but was highly affected by the Asian financial crisis in 1998. The revival of external and domestic demands has led to a strong recovery, while cost decreases strengthened the competitiveness of Hong Kong exports and a long period of deflation ended.

In 2009, Hong Kong was proclaimed third in the Ease of Doing Business Index after Singapore and New Zealand.

If your are planning a business trip to Hong Kong China it is a good idea to know at least a little about the culture and etiquette in China. Use these business etiquette tips as a guideline only. There are too many social, personal and business nuances in China to be considered. There is no uniform approach possible for all occasions.
For more in-depth information I suggest you buy and read the "Global Business Etiquettes" book.
  • Communication:
    Use an intermediary to get introduced.
    Take your time and be very patient. It can take a very long time to build a relation.
    Use formal names and academic titles. Rank is very important and should be respected at all time.
    Chinese are not direct, they prefer subtlety to directness. They will not tell you what they think.
    Dress formal and conservative. Womens should wear flat shoes.

  • Meetings and negotiations:
    Be very punctual, if you suspect you will late, call and explain the situation.
    A translator/intermediary is essential.
    Remain standing until invited to sit down.
    Agenda’s are strictly followed but a meeting can take much longer then planned because decisions take a long time.
    Keep your presentation as short as possible, to the point, accurate and precise, do not exaggerate and use only black and white colors!
    Written material should be available in both Chinese and English, using simplified Chinese characters. Make certain that translations are accurate and cannot be misinterpreted.
    Follow up a meeting with a letter with all agreements outlined.
  • Table manners:
    If unsure on how to behave, mimic the behavior of others.
    Bring a gift for your host.
    Wait until you are appointed a seat.
    Do not talk business.
    Avoid alcohol if possible, otherwise drink little.
    Learn to use chopsticks.
    Try everything that is offered.
    Keep your hands above the table when eating.
    Making slurping sounds is allowed of even appreciated.
    Thank your host at the end of the meal.

China has not escaped the recent global economic crisis. With an economy heavily dependent on exports to developed markets, the sharp drop in global consumer demand has had a important effect on China’s economy. In 2007 China’s economy grew by 13 percent and had maintained over 10% growth for most of the past decade.

In 2008 Gross Domestic Product (GDP) growth dropped to 9 percent, dangerously close to the 8 percent growth that many economists believe to be required to feed China’s economic engine. Exploratory Chinese economic figures for the last quarter of 2008 indicate that this decline is continuing and accelerating. Overall economic growth in China is continuing, however and foreign companies are benefiting.

Doing business in China

In 2008, inflation, measured by the country’s consumer price index, dropped slightly from the year prior to about 6 percent but continues to be an economic threat. China’s manufacturing base helped the country hit record trade surplus levels of € 189 billion in 2008. Foreign investment is strong with China remaining as one of the main destinations for foreign capital investment, though growth began to slide in 2008. China’s economic miracle is tempered by a number of looming threats, namely a rapidly aging population and a perilously deteriorating environment.

In the end of 2008 the Chinese government, in order to shore up the weakening domestic economy, unveiled a € 371 billion (RMB 4 trillion) economic stimulus plan. € 168 billion, or 45 percent, of the stimulus package will go toward the construction of railways, highways, airports and power grids; another € 93 billion will be used for post-disaster reconstruction, which includes rebuilding after snowstorms that hit Central China in early 2008 and the earthquake that struck Sichuan province in May. € 34 billion will go towards rural development and infrastructure projects; € 32 billion has been earmarked for ecological environment; € 26 billion will be used for low-income housing; and the rest will be spent on health, culture, education and innovation.

Despite these remarkable changes, China is still a developing country, although one with vast potential. Spread over a population of 1.3 billion, China’s colossal economy does not represent a large amount of disposable income for each person. Annual per capita income in China is around € 1.100. Yet, surprisingly, China stands as the world’s third largest market for luxury goods behind Japan and the United States. The income distribution within the country is highly uneven with urban centers, such as Beijing and Shanghai, enjoying a per capita income of more than double the nation’s average. Some studies estimate that there are now more than 200 million Chinese citizens with a per capita income over € 5.000. That said China’s per capita income figures are poised to change dramatically. Over the next several years, many economists predict a surge in the number of people achieving middle class status.


Some facts in a list:

CurrencyChinese Yuan(RMB)
Time zoneGMT +8
Population1.338.612.968
Area9.640.821 km2
Population density140 /sq km
GDP€ 5,76 trillion
GDP/per capita€ 4.297




Product tip: Keep an eye on the size of your trolley

Many luggage stores sell suitcases described as ’carry-on’, but these suitcases are sometimes larger than the size most airlines will accept. The safe maximum size is 114 cm, in the form of a 55 x 40 x 20 cm bag. Some airlines allow up to as much as 140 cm, but most do not. Not only do luggage stores and manufacturers seldom tell you if their bag is legally sized or not, but they also frequently mis-measure their bag. Their measurements generally are for the inside of the main compartment, and assume that any external pockets are of zero thickness, rather than stuffed full of things (which can easily add another inch or more) and ignore any external framing such as wheels and carry handle (which can also add another couple of inches).

Do you take your interpreter with you during your business trip? Even better, hire someone local. That way you are sure that he or she speaks the correct Chinese language variant of the region where you are going to.

An interpreter who also speaks the language of your business
An interpreter that has graduated with honors speaks its languages perfectly. But.. you are better of with someone who knows what type of business you’re in and knows the right translations and understands your business. Ask around for the right interpreter and choose the interpreter who feels at home in your core business.

Interpreter etiquette
During the meeting, keep looking at your business contact, not at your interpreter, not even when he or she is talking. Try to avoid the specific terminology of your industry. A wrong translation can lead to misunderstandings. Answers your business contact with a “yes” or a “no”, try determine to what he or she answered exactly so that there can be no misunderstandings about the results.

Never rush
Remember that Chinese negotiations usually go through several stages. First there is an informal prenegotiation. After that follows the official main negotiation. After that there is a possibility of some sort of after-negotiation. Don’t try to force the state of affairs, that could jeopordize the complete negotiations. In advance make proper arrangements with your interpreter, you will need the same interpreter during all those 3 meetings.

Who is the decision maker?
During your meeting try to find as early as possible who will take the final decision in the end. Your Chinese contacts usually speak to you with a group, but only one of them will make the final decision. See who enters the room first and in which order your business contacts present their businesscards. Who takes the floor first? How do the Chinese business contacts react to one another? When you can find out who is the decision maker and you are able to convince that person, you will probably get the approval of the whole group.

The airport opened for commercial operations in 1998, replacing Kai Tak, and is an important regional transfer centre, passenger hub and gateway for destinations in Mainland China (with more than 40 destinations) and the rest of Asia. Notwithstanding the fact that the airport has a relatively short history, Hong Kong International Airport has won seven Skytrax World Airport Awards in just ten years.

Address
Hong Kong International Airport
HKIA Tower
1 Sky Plaza Road
Lantau
Hong Kong
Telephone: +852(0)2 181 8888
www.hongkongairport.com

Airport codes
IATA airport code: HKG
ICAO airport code: VHHH

Lost property
If you have lost something during your stay at HKIA, find help at the Lost and Found Office at Room 6T056 on Level 6 of Terminal 1. The office provides lost property registration, storage, enquiry, and retrieval services for items lost in the terminals.

The office is operated by Worldwide Flight Services. You can make enquiries in person or by fax or email:
Location : Room 6T056, Level 6, Terminal 1 (non-restricted areas)
Telephone : +852 2182 2018
Fax : +852 2182 2087
Service Hours : 07:00 – 23:59
Email : Lost-f@hkairport.com

Note : If you have left anything onboard an aircraft, please contact your airline.

Terminal info

The international airport of Hong Kong has two terminals. There is a free automatic train (’people mover’) between the east and west wings of Terminal 1 and of the new Terminal 2 to the piers. In addition, there are elektrocars that you can use against payment (tel: +852(0)2 261 2727).

Connectivity from the airport

Train
The Airport Express van MTR Corporation (tel: +852(0)2 881 8888) departs from the Ground Transportation Center to the center of Hong Kong. The journey takes approximately 25 minutes and these trains also stop in Kowloon station.

Taxi
There are also taxis at the Ground Transportation Center. Bear in mind, the taxis have different colors, depending on their destination. Red taxis drive to virtually every destination in Hong Kong, with the exception of Lantau Island, green taxis drive to the New Territories, except those parts that are serviced by the red taxis, and blue taxis drive to places in Lantau Island. A taxi ride to the center of Hong Kong costs approximately € 30-35.

Taxis are plentiful throughout Hong Kong apart from remote areas, and can be hailed on the street (except restricted areas) or summoned by phone. All are metered, relatively cheap, air-conditioned and clean.

There are three colours of taxi to indicate their areas of service, but all serve the airport:

  • Red taxis operate in most of Hong Kong, except for Tung Chung Road and the south side of Lantau Island;
  • Green taxis serve the rural areas of the New Territories;
  • Blue taxis operate only on Lantau Island.

All taxis can go to and from the Hong Kong International Airport. Passengers are required by law to wear a seat belt when available, whether sitting in the front or rear. All taxis are regulated and taxi drivers are required to display their Taxi Driver Identity card on the dashboard.

Taxi fare information is listed on the inside of the taxi. Refer to the meter for the exact charge. Always ask for a receipt. This helps you track down lost items or the taxi driver. If you can’t read the price, the taxi number or the fine print on the receipt, ask for a hand-written version.

When you encounter any problems with the taxi service, such as possible overcharging, take down the taxi driver’s name and licence plate number as shown on the Taxi Driver Identity card on the cab’s dashboard. Contact the number below to lodge your complaint.

Useful Taxi-related Telephone Numbers
Transport Complaints Unit Hotline+852 2889 9999
Transport Department Customer Enquiries Hotline+852 2804 2600
Road Co-op Lost & Found 24 Hours Free Hotline for Lost Property on Taxis Hotline+852 1872 920

The Peak Lookout
Hong Kong is a gastronome’s paradise with many great places to eat, one such place is the Peak Lookout. The Peak Lookout boasts a beautiful setting with both indoor and outdoor seating with a panoramic view of Aberdeen.
121 Peak Road
The Peak, Hong Kong
Tel:2849 1000
E-mail:info@peaklookout.com.hk
www.thepeaklookout.com.hk

The Bostonian Restaurant
The Bostonian has an excellent reputation for its lively atmosphere and superb dishes such as Boston lobsters served American style. You may dine assured that only the finest freshest ingredients make it past the watchful eyes of our ever alert chefs and into our very creative kitchens. And our sommelier also has much to offer.
8 Peking Road
Tsimshatsui, Kowloon
Hong Kong
T (852) 2375 1133
hongkong.langhamhotels.com

Man Wah Restaurant
In addition to the ambience of imperial splendour, the panoramic views of Victoria harbour and the cityscape are not to be missed. Chef Joseph Tse’s master skills are demonstrated in the menu that includes local favourite dishes alongside seasonal specialties presented with modern flair. The service is impeccable and staff pride themselves on maintaining the traditions.
5 Connaught Road
Central Hong Kong
Phone: + 852 2825 4003
Email: mohkg-manwah@mohg.com
www.mandarinoriental.com

Tips to save money on hotel costs during your business trip to Hong Kong.

To get the best price for a good hotel room during your business trip to Hong Kong it's not only important to compare the prices the hotel charges for a room, but also compare the prices of the different booking agencies.
This can save you, or your company, a lot of money!

Follow these easy steps:
  • Go to this hotel listing for Hong Kong.
  • Select the "Check-in" and "Check-out" date.
  • Select filters like: "Hotel brand", "Ratings", "Location" and "Price ranges".
  • Select the hotel you like.
  • You will get an overview of the prices from up to 24 booking sites
  • Select the best offer in the list and book the room!

We have selected the following established business hotels for your convenience:

Regal Kowloon Hotel Hong Kong
The Regal Kowloon Hotel Hong Kong offers many modern amenities, such as a fitness center, a sauna, a game room, a variety of restaurants, a reading room, a nightclub, a spa, and a beauty salon. The hotel also includes fourteen function rooms, childcare services, banquet facilities, a currency exchange counter, a gift shop, and an on-call medical service.
71 Mody Road
Hong Kong
More info about Regal Kowloon Hotel Hong Kong

Cosmopolitan Hotel Hong Kong
Four star 454-room contemporary deluxe Cosmopolitan Hotel Hong Kong is conveniently located and enjoys good transport links. It offers guests great value with a wealth of amenities at affordable prices. Located amidst commercial Wanchai district and shopping Causeway Bay area, Cosmopolitan Hotel is only a 8-min walk / 5-min drive to Times Square mega shopping centre and a 10-min drive to Convention Centre.
387-397 Queen’s Road East
Wan Chai, Hong Kong
More info about Cosmopolitan Hotel Hong Kong

Holiday Inn Golden Mile Hong KongThe Holiday Inn Golden Mile Hong Kong is forty-five minutes from the Chek Lap Kok International Airport, and is a just a short walk away from a mass transit station and the Star Ferry Terminal. The rooms at the Holiday Inn Golden Mile Hong Kong offer many amenities. These amenities include satellite television, a DVD player, high-speed Internet access, bathrobes, slippers, hairdryers, minibars, refrigerators, coffeemakers, and complimentary newspapers. Suites and executive suites are available to guests.
50 Nathan Road
Hong Kong
More info about Holiday Inn Golden Mile Hong Kong

Causeway Bay is eternally popular with local shoppers and tourists. Walk along the humungously wide zebra crossing outside Sogo, the Japanese department store to find big names, small boutiques and bargain stalls, all in a tight cluster. Of course, it will still take you a whole day to walk through this shopping carnival. At the Level 9 "Event Hall", special promotions and big sales are the fare with rotating sales on leather jackets, handbags, cosmetics, apparel and sports goods. Next to Sogo on Hennessy Road, the Sony Style HK flagship store on the 16th floor of East Point Centre offers the latest state-of-the-art Sony products.

Pop into the renovated wtc more, next to the Excelsior Hotel, for mid-range fashions. This is the rebranded World Trade Centre. On the fourth floor you’ll find a large Muji, well stocked with clothes and also snacks and fast-heat TV dinners. On the fifth floor, right above (though you’ll have to use the confusing elevators), is UniQlo, with more attractively priced clothing, jeans, suits, blouses, and t-shirts.

Coming down to the second floor, Pink Box is the place for that romantic gift including watches. Other watch shops include Amaro, Tissot, and Madia. Entering the ground floor of wtc more from the Jaffe Road entrance you’ll spot SPORT b from agnès b, a new casual fashion line with t-shirts, sports shoes and informal wear. Also look out for agnès b, POLICE, DKNY Jeans, handbags and accessories from Jill Scott, bright attire from bread n’ butter (young women’s wear), the multi-brand showcase at TWIST, Maude Frizon Paris, and more. For beauty care products there’s Jurlique, Sonia Rykiel, and FANCL.

Next to Sogo on Great George Street, the Island Beverley and Causeway Place shopping arcades are handy for trendy clothes and accessories. If you’re short on time, head straight to Island Beverley, featuring mainly local designers and imported Japanese and European clothing.

Po Lin Monastery
The Po Lin Monastery is set amid spectacular mountain scenery on the 520-metre high Ngong Ping plateau on Lantau Island. No trip to Hong Kong would be complete without a visit to the world’s tallest, outdoor, seated bronze Buddha which sits serenely atop Ngong Ping plateau amid the spectacular mountain scenery the island. The eyes, lips, incline of the head and even the right hand (raised to deliver a blessing to all), combine to lend great depth of character and dignity to this extraordinary statue.

Tips for sightseeing

Architecture tour
A tour of the major landmarks in Hong Kong is a good way to get acquainted with the city and learn about its history at the same time. The Architecture Institute of Hong Kong organizes tours of some of the notable buildings downtown. The tours are conducted by a local architect and take about three hours. On the tours you will be introduced to the older, colonial buildings such as the Central Police Station and the French Mission, as well as some great modern architecture, including the Hong Kong and Shanghai building designed by Sir Norman Foster in 1985.

Visit the most important temples
The Man Mo Temple is one of the most important in Hong Kong. Located near Hollywood Road, it was built in 1848 and is named after Man, the god of literature, and Mo, the god of martial arts. Inside, the air is thick with the smoke from coils of incense paper burned by worshipers. You can also see statues of the deities, Man holding a calligraphy brush and Mo holding a sword.

Wong Tai Sin Temple is the most well known Taoist temple in Hong Kong. Ornately decorated with red pillars and a golden roof, Wong Tai Sin is always crowded with worshipers. It is dedicated to a famed healer and Taoist disciple, whose portrait adorns the main altar. Today, people pray at the temple for help with their health and money, and come to have their fortunes read.

Before you go on your business trip to Hong Kong, China you should always get a travel insurance with a complete coverage. Make sure your health care insurance is sufficiently covered. Maybe this is already covered in your regular health care insurance but often you will need to cover this with the travel insurance. Also a good travel insurance should cover the costs of travel for a relative in case of seriously illness or an accident. The business trip travel insurance should also cover the costs of search, rescue and repatriation.

When you go on business trips on a regular basis, the easiest way to get insured is with an annual multi-trip insurance. Keep in mind that you can also use this insurance for your pleasure trips so don’t forget to include to insure your leisure activities.

Emergency numbersDepartmentPhone
PolicePatrol110
Traffic122
MedicalPrivat999
Public120
Fire119

In case of a medical emergency you can contact:
Hong Kong Adventist Hospital (港安醫院,司徒拔道)
Address: 40 Stubbs Road, Hong Kong
Telephone: 3651-8888
A private general hospital with good emergency facilities and outpatient services that include 24-hour urgent care & dental care. The hospital is equipped with a cardiac and intensive care unit for adults. English is spoken by all professional and administrative staff.
Visa & Master cards accepted.

Chinese or the Sinitic language(s) is a language family consisting of languages mutually intelligible to varying degrees. About one-fifth of the world’s population, or over one billion people, speak some form of Chinese as their native language. The identification of the varieties of Chinese as "dialects" instead of "languages" is considered inappropriate by some linguists and Sinologists.

The standardized form of spoken Chinese is Standard Mandarin, based on the Beijing dialect, which is part of a larger group of North-Eastern and South-Western dialects, often taken as a separate language.

The number of people in China that speaks English is very low. When you have a business meeting in China it is wise to arrange for an interpreter when you are not sure everyone speaks sufficient english.
Hello您好 (nín hǎo) / 喂(wéi) (on phone)
How are you?你好嗎? [你好吗] (nǐ hǎo ma)
I’m fine, thanks. And you? 我很好,你呢? (wǒ hěn hǎo, nǐ ne)
My name is ...我姓 ... (wǒ xìng ...)
Pleased to meet you很高興認識你 [ 很高兴认识你] (hěn gāoxìng rènshi nǐ)
Good morning早安 (zǎoān)
Good afternoon午安 (wǔān)
Good evening晚安 (wǎnān)
Good night 晚安 (wǎnān)
Goodbye再見 [再见] (zàijiàn)
Bon appetit 請慢用 [请慢用] (qǐng màn yòng)
Cheers/Good health!乾杯! [干杯!] (gān bēi)
I don’t understand 我聽不懂 [我听不懂] (wǒ tīngbùdǒng)
Please write it down麻煩你寫一下,好不好? [麻烦你写一下,好不好?](Máfan nǐ xiě yīxià, hǎo bù hǎo?)
How do you say ... in Mandarin? ... 中文怎麼說? (... zhōngwén zěnme shuō)
Excuse me 請問 [请问] qǐngwén - to attract attention
How much is this?這個多少錢? [这个多少钱?] (Zhège duōshǎo qián?)
Thank you謝謝 [谢谢] (xièxie)
You’re welcome感謝你 [感谢你] (gǎnxiè nǐ)
Where’s the toilet?洗手間哪裡? [洗手间在哪里?] xǐshǒujiān zài nǎli?
Yes / No是(shì) / 否(fǒu)
Visa for China

The best time to apply for your Chinese visa is 1-2 months before your travel date. The validity of a Chinese visa can be anywhere from 3-24 months depending on the type of visa you request. Normally a single entry visa is valid for 3 months, a double entry visa for 6 months, a multiple entry visa for 6, 12 or 24 months. You have to enter China before the expiration date of the visa. From that moment you can stay for 30 (or more days, as specified on your visa).

The time you could actually stay in China, or "duration of stay after entry" is usually 30-90 days per entry. You must state the duration of your stay on the application form. Please be reminded that the Chinese Consulate has the final say on the on the number of days you receive for your visa regardless of your request.

When you travel between Hong Kong and the mainland multiple times you do need a multiple entry visa for that purpose. Each time you enter China from Hong Kong or Macao, you need one entry. Citizens of most countries in North America and Europe can visit Hong Kong and Macao without a visa. You can check if you have to apply for a visa on http://www.immd.gov.hk/ehtml/hkvisas_4.htm

Your passport must be valid for at least 6 months from date of application in order to get a visa. You can get a single or double entry visa if your passport expires in less than 12 months, but more than 6 months. You can only get a 12-month multiple entry visa if your passport is valid for at least 12 months.

When you are offered a job in China and want your spouse and children to accompany you they can get work visas as well. Their names need to appear on the supporting documents you receive from the Chinese employer. Or you can provide a copy of marriage license and the children’s birth certificates.

49
China
China
14938
Hong Kong

Comments (2)

On 03/09/2010 08:31 Joanne said:
RE: Visa for Hong Kong
When you are from the Philippines and your trip is shorter than 14 days, you do not need a visa for Hong Kong.
On 03/09/2010 03:33 florita r. rodriguez said:
Assistant QA Manager
Do I need to get Hongkong Visa since I will have only 1 week business trip?

My nationality is filipino and I am working in Indonesia.

My trip will be from March 15~20

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