Today, is exactly the 10th year anniversary of the incorporation of my first business in Hong Kong, SEBO : it was indeed launched on the first working day of the China ruling.
At that time I was confident the business environment wouldn't be affected by the China ruling, and I think time has proved me right.
Indeed Hong Kong has gone through hard times (98 crisis, SARS,...) pretty well and has shown an amazing ability to stay ahead of other financial centers in Asia.
10 years ago, lots of people predicted that Singapore or Shanghai would soon take over Hong Kong as a leading financial center but they have been proven wrong big time! The competition with Singapore is no more and the financial core and immaterial economy ( holdings, funds, lawyers,...) is strongly based in Hong Kong and is progressing each year.
The main downside I have seen in the past 10 years is the pollution which reaches some days unbearable levels. I believe it is the duty of the Hong Kong people to allow effective resources and means to tackle it very seriously as it might be the trigger to Hong Kong unexpected decline...
Except this worrying pollution, Hong Kong is still a magic place to do business and, I am sure, will still be in 10 years time !
congratulations and continued success!
Posted by: dezza | July 04, 2007 at 09:20 PM