You might be be aware that Hong Kong surpassed international financial heavy weights USA and UK to take number one spot in the World Economic Forum’s 2011 Index of financial market development. It is the first time an Asian financial centre has reached top spot according to CNN’s Business 360, and it is due to the island’s strong business environment, infrastructure and a favorable tax regime.
Hong Kong was proclaimed a colony of the British crown in 1839, soaking up its culture and language (English is still an official language of the island). Now Hong Kong is known as a Chinese culture mixed with British influences.
The main access point to China, Hong Kong is home to 7.2 million people and known as one of the most densely populated areas on the planet. Local and international eager tourists pump $7 billion into the Hong Kong economy every year. Hong Kong is known for its bustling city life, rich culture, architecture and famous celebrities such as Jackie Chan.
As a financial centre, Hong Kong is a solid and booming environment and a Technocash Account is the perfect vehicle for you to explore this exciting region. “Hong Kong is highly competitive vis-à-vis most other financial systems in the world, especially in terms of contract enforcement, taxes and the infrastructure of the business environment, as well as the efficiency of banking financial services,” Financial Secretary John Tsang Chun-wah said. “Our strengths in IPO activity, equity market development and commercial access are also well recognised by the World Economic Forum.”
As a business owner you seek market strengths to aid business relationships in Hong Kong and growth of your company because it is important. Your customers can pay you in their native currency because you offer $HKD for collections, making it easier for them.
Do you want to experience Hong Kong’s bustling finanical centre, then contact the professional team at Technocash Limited today at marketing@technocash.com.