Hong Kong

1
Hong Kongs Economy
2
Hong Kong

• Hong Kongs economy will be researched and
  contrasted with Canadas economy. The aspects
  that will be focused on include the government
  and its intervention the exchange markets and
  trading the society and its role.

3
One Country, Two Systems

• The existing economic and social systems will
  continue
• Free movement of goods and capital
• It still determines its own monetary and
  financial policies
• No taxes will be paid to China
• Property rights and foreign investment will be
  protected
• British common law system will be retained

4
Government

• Chief Executive
• Tung Chee Hwa
• Executive Council
• Legislative Council
• Municipal Council
• Urban and Regional

5
Tax System

• profits or income arising in or deriving from
  Hong Kong are subject to tax
• Profits Tax
• Salaries Tax
• Property Tax

6
Exchange Markets and Trades

• Stock Exchange of Hong Kong
• Hong Kong Futures Exchange
• Trading
• Industries

7
Stock Exchange of Hong Kong

• -unification of 4 exchanges from previous market
• -market capitalization
• -October Crash in 1987
• -Hang Seng Index

8
Trading

• Free enterprise
• Free trade
• Low taxation
• Transportation
• Workforce
• Telecommunications
• Banking and financial facilities

9
Manufacturing
TOP 20 CANADIAN EXPORTS TO HONG KONG
10
Industries

• Electronics
• Textiles
• Watches and clocks
• Clothing
• Tourism

11
The Society and Its Role

• Working Life
• Population Density
• Income Distribution
• Education
• Living Standard
• Employment

12
Working Life

• Motivations
• Work Force
• Rural or Urban Communities
• Competitive

13
Population Density

• Housing
• Immigration
• Population Statistics

14
Population Statistics in Hong Kong
Millions
15
Education

• 9 years of free and compulsory education
• Fees Textbooks, uniforms
• Universities

16
Living Standard

• Consumer Price Indices

17
Employment

• Unemployment Rate
• Employment Opportunity
• Underemployment
• The problem of workers being under utilized,
  either as part-time workers or by working a job
  not approprate to their skills, or education.

18
Statistics on Labour Force
Millions
19
Discussion Questions

• 1. Is it valid to set a law that Hong Kong
  people need to pay high taxes, same as in Canada?

20
Discussion Questions

• 2. Should the Hong Kong government restrict the
  law for opening any external company in Hong
  Kong?

21
Discussion Questions

• 3. Is it necessary that Hong Kong government
  restrict the black market labour force and set
  minimum wage either for part-time or full-time
  workers?

22
THE END
BY Maggie, Ariel, Leo