Levin Human Capital Consulting Group

Macro Environment Study of Hong Kong

Macro Environment Study of Hong Kong GDP in Economic Activities

mil. HK$

500,000

400,000

Executive Summary 300,000

200,000

100,000

1 Macro Pictures of Hong Kong 0

1990

1992

1994

1996

1998

2000

2002

2004

2006

2008

2010
1.1 Political Framework Import/export, w holesale and retail trades
Financing and insurance
Public administration, social and personal services
Real estate, professional and business services
Ow nership of premises Transportation, storage, postal and courier services

Accommodation and food services Construction

Information and communications Electricity, gas and water supply, and waste management

Manufacturing Agriculture, fishing, mining and quarrying

2.2 Pillar Industries

mil.HK$ The Four Key Industries in HK Economy

1,600,000
Professional Services and
Other Producer Services
1,200,000 Trading and Logistics

Tourism
800,000

Financial services
400,000
GDP at current factor cost
0
1997

1999

2001

2003

2005

2007

2009
2 Economic Scenario
2.1 Gross Domestic Production (GDP)

Nominal GDP of HK personnel Employment in the Four Key Industries

bil.HK $
2000
3 500 000
1600 Professional Services and
3 000 000 Other Producer Services
1200 2 500 000 Trading and Logistics

800 2 000 000 Tourism

400 1 500 000

Financial services
1 000 000
0
500 000
1990

1993

1996

1999

2002

2005

2008

2011(Q3)

Total employment
0
1997

1999

2001

2003

2005

2007

2009

mil.HK$ GDP in main Expenditure Components Value Added of Financial Services

mil.HK$
1,400,000
200,000 Banking
1,200,000 Private consumpt
expend
1,000,000
150,000
800,000 Govern consumpt
expend
Insurance
600,000
100,000
400,000 Gross domest
fixed capital
200,000 50,000
0 (Ex.- Im.) Other financial services (e.g. stock
brokerage, asset management,
finance leasing and investment and
-200,000 0 holding companies)
1990

1993

1996

1999

2002

2005

2008

2011

1997 1999 2001 2003 2005 2007 2009

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 Levin Human Capital Consulting Group

Macro Environment Study of Hong Kong

Consumer Price Indices

mil.HK$ Value Added of Tourism Retail trade (Yr2005 = 100)

15,000 130
Accommodation serv ices

120
12,000 Food and bev erage serv ices

110
9,000 Cross-boundary passenger
transport serv ices inbound)

Others 100
6,000

Trav el agency , reserv ation 90

3,000 serv ice and related activ ities

2011(M10)
1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010
Cross-boundary passenger
0 transport serv ices (outbound)
1997 1999 2001 2003 2005 2007 2009

Value Added of Trading and Logistics

3 Population
mil.HK$ Wholesale trade
350,000
Population and Growth Rate
300,000 2.0 8000
Import and export trade
250,000 7000
1.5 Natural
200,000 6000 Population
Freight transport and 1.0 5000 Change (%)
150,000
storage services (left)
4000
100,000
0.5 3000 Personnel
50,000 Postal and courier
2000
('000) (right)
services
0 0.0
1000
1997 1999 2001 2003 2005 2007 2009
- 0.5 0
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
Value Added of Professional Services &
mil.HK$ Population by gender and age group (Mid-2011)
Other Producer Services Legal, accounting and auditing
35,000 serv ices
400.0

30,000 300.0
200.0
25,000
Architecture and engineering 100.0 Male ('000)
20,000 activ ities, technical testing
and analy sis; scientif ic
0.0
15,000 research and - 100.0
dev elopment; management
10,000 and management consultancy - 200.0
activ ities Female ('000)
Other prof essional serv ices - 300.0
5,000 (e.g. inf ormation technology
related serv ices, adv ertising - 400.0
0 and specialised design 0 - 5 - 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 >=
1997 1999 2001 2003 2005 2007 2009 serv ices) 4 9 - - - - - - - - - - - - - - - 85
14 19 24 29 34 39 44 49 54 59 64 69 74 79 84

2.3 Money Supply, Interest Rate & CPI

Population Aged 15 and Over by Educational Attainment (Highest Level Attended), 1996,
2001, 2006 and 2010
Saving rate and lending rate for less than HK$ 100,000 Educational 1996 2001 2006 2010
% Attainment Number % of total Number % of total Number % of total Number % of total
12 No schooling 480 852 9.5 469 939 8.4 423 310 7.1 329200 5.2
Primary 3508338 69.2 3682443 65.7 3788469 64.0 4239400 69.3
10 Sixth Form 308 808 6.1 528 090 9.4 351 419 5.9 --- ---
Post-secondary 768520 15.2 918500 16.4 1361473 23.0 1554300 25.6
8
Savings Total 5 066 518 100.05 598 972 100.05 924 671 100.0 5529100 100.0
6 deposit rate

2
Best lending
0 rate
2011(M10)
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010

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 Levin Human Capital Consulting Group

Macro Environment Study of Hong Kong

4 Social Matter Original Contents

4.1 Crime Rate

Persons Arrested for Crime by Type of Offence Introduction

personnel Violent crime against person

18000
Violent crime against property
This is a study in evaluating the present
16000
14000 Burglary and thef t situation in Hong Kong in a macro view.
12000
From this survey, it is believed that a better
Fraud and f orgery
10000
8000 Sexual of f ences

6000
Serious narcotics of f ences
understanding and analysis of Hong Kongs
4000
2000 Of f ences against lawf ul
authority
existing situation can help determine suitable
0
Serious immigration of f ences
2005 2006 2007 2008 2009 2010
action for later business development.

4.2 Natural Environments Methodology

4.2.1 Air The macro-survey includes 5 areas. They are
Political, Economic, Population, Social and
ug/m3
Annual Averages of Daily Particulate Pollutants
2,000

1,600 Natural Environments. Some variables and the

1,200
corresponding quantifiers are listed out at the
800
start. Data from these perimeters are collected
400

0 and analysed in an objective manner. The

1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Sulfur dioxide Nitrogen oxides following sections are going to discuss these
Nitric oxide Nitrogen dioxide
Carbon monoxide Ozone
Total suspended particulates RSP issues.

4.2.2 Water 1 Macro Pictures of Hong Kong

Water Quality Index for Selected Rivers from 1984 to 2010

16
14
Yuen Long 1.1 Political Framework
Creek
12
Tuen Mun
10 River
8
Lam Tsuen
Hong Kong became a Special Administration
6
River
4
Shing Mun
Region (SAR) of the People s Republic of
2
River
0 China (PRC) on July 1, 1997. The basic law
1984

1986

1988

1990

1992

1994

1996

1998

2000

2002

2004

2006

2008

2010

Mui Wo River

of the HKSAR, which prescribes the system

to be practiced, came into effect on the same
day. The basic law in Hong Kong is equal to
constitution, all activities should comply with it.

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 Levin Human Capital Consulting Group
Because Hong Kong was the colony of UK for
about 100 years, the concept of governance by
legislative, judiciary and executive is accepted
by most of the citizens. The government of
Hong Kong Special Administration Region also
takes it as the principle in its governance.
Exhibit 1 is the governance structure of SAR.
Exhibit 1
Source: www.gov.hk 2011
1.1.1 Legislative
The Legislative Council is the law-making
body of the Hong Kong Special Administrative
Region. It comprises 60 members, with 30
elected directly by geographical constituencies
and 30 elected by functional, occupation-
based constituencies. Apart from its law-making
function, the Legislative Council debates issues
of public interest, examines and approves
budgets, receives and debates the Chief
Executive's policy addresses, and endorses the
appointment and removal of the judges of the
Court of Final Appeal and the Chief Judge of
the High Court.
Macro Environment Study of Hong Kong
1.1.2 Executive
The Executive Council, presided over by the
Chief Executive, decides on matters of policy,
the introduction of bills to the Legislative Council
and the drafting of subordinate legislation.
The Council comprises 15 principal officials
and 14 non-official members. All members are
appointed by the Chief Executive from among
senior officials of the executive authorities,
members of the Legislative Council and public
figures. They serve for a period no longer than
the expiry of the Chief Executive's term of office.
1.1.3 Judiciary
The Basic Law ensures that Hong Kong remains
within the common law system. The judiciary is
independent from the legislative and executive
branches of government, with the courts
showing no bias. For the most serious types
of criminal offences, a jury decides whether
the accused is guilty or not, with a majority
vote required. The Court of Final Appeal is the
highest appellate court and is headed by the
Chief Justice.
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 Levin Human Capital Consulting Group
According to Wikipedia Politics - As an
academic discipline, political science, the
study of politics, examines the acquisition
and application of power. Political scientist
Harold Lasswell defined politics as "who
gets what, when, and how". Related areas
of study include political philosophy, which
seeks a rationale for politics and an ethic of
public behaviour, political economy, which
attempts to develop understandings of the
relationships between politics and the economy
and the governance of the two, and public
administration, which examines the practices
of governance. (Sources: http://en.wikipedia.
org/wiki/Politics#As_an_academic_discipline)
Hong Kong has a good system to balance the
governance and the examination.
2 Economic Scenario
2.1 Gross Domestic Production (GDP)
The logic in this economic aspect is to look
at GDP, Pillar Industries and money supply of
Hong Kong. Through these three factors, a brief
and essential economic picture of Hong Kong
can be described. From here, a more accurate
and objective approach of further action can be
planned.
GDP is a very significance factor that measures
economic activities of a place. The GDP
diagram is shown in Exhibit 2.
Macro Environment Study of Hong Kong
Exhibit 2
Nominal GDP of HK
bil.HK $
2000
1600
1200
800
400
0
1990
1993
1996
1999
2002
2005
2008
2011(Q3)
Source: H.K. SAR Census and Statistics Depart. (2011)
Remark: according to .the previous data, although GDP
value for 2011(Q3) was 1387 bil.HKD, the number was
118.261 bil. HKD larger than that of 2010(Q3).
From Exhibit 2, one can see that the economy
of HK before 1997 was in the up trend sharply,
it matched the background that HK was the
only path to connect mainland China and the
world. From year 1997 to 2003, HK grew in a
slow way. After year 2003, the economy was
up again. In addition, theres financial tsunami
happened in year 2008. But according to the
data, it seems that Hong Kong was not wound
in the event and has recovered from it now.
According to the curve, it reminds people that
the economic growth matches to the terms of
Donald Tsang acting as Chief Executive of Hong
Kong. Before that, he has 6 years experience
of assuming Financial Secretary of Hong Kong
from year 1995. So in Donald Tsangs period, it
will be confident that a steady economy may be
maintained due to his valuable experience.
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 Levin Human Capital Consulting Group

Macro Environment Study of Hong Kong

Exhibit 3 is the GDP value separated by main Exhibit 4

expenditure. GDP in Economic Activities
mil. HK$

500,000

400,000

Exhibit 3 300,000

200,000

mil.HK$ GDP in main Expenditure Components 100,000

1,400,000 0

1990

1992

1994

1996

1998

2000

2002

2004

2006

2008

2010
1,200,000 Private consumpt
expenditure
Import/export, w holesale and retail trades Public administration, social and personal services
1,000,000
Financing and insurance Real estate, professional and business services
800,000 Govern consumpt Ow nership of premises Transportation, storage, postal and courier services
expenditure
Accommodation and food services Construction
600,000
Information and communications Electricity, gas and water supply, and waste management
400,000 Gross domestic Manufacturing Agriculture, fishing, mining and quarrying
fixed capital
200,000

0 (Ex.- Im.) Source: H.K. SAR Census and Statistics Depart.(2011)

-200,000
1990

1993

1996

1999

2002

2005

2008

2011

Source: H.K. SAR Census and Statistics Depart. (2011)
Remark: the data for year 2011 was evaluated value.
From exhibit 3, one can see that the curve of
Private Consumption Expenditure matches
quite well with the GDP value. The curve of
Government Consumption Expenditure takes
the role as supplement.
According to the data, it seems that the value of
(Ex Im) will come down sharply in year 2011.
Europe debt crisis will affect the real economy in
Asia manufacturing and transportation sectors.
Exhibit 4 is the GDP value separated by
economic activities.
About two years ago, the current Chief
Executive decided to retire in year 2012. From
then on, he and his team took more and more
attention on the grassroots and the livelihood
issues. The Census and Statistics Department
has also made some changes. For example,
mining has become part of agriculture.
Accommodation and food services are no longer
parts of wholesale and retail trades. Financing
& insurance and real estate, professional &
business services are two different industries,
etc,.
According to exhibit 4, one can see that after
year 2008, there are three industries badly
hurt by the financial tsunami. These three
industries are Import/export, Wholesale and
Retail Trades, Financing & Insurance and
Transportation, Storage, Postal and Courier
Services.

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 Levin Human Capital Consulting Group

Macro Environment Study of Hong Kong

Financing and Insurance industrial decline Exhibit 5

matches with the worlds circumstance. To mil.HK$ The Four Key Industries in HK Economy

Import/export, Wholesale and Retail Trades 1,600,000

Professional Services and
Other Producer Services
industry and Transportation, Storage, Postal 1,200,000 Trading and Logistics

and Courier Services industry, the decline and 800,000

Tourism

increase due to Chinese policy stimulating 400,000

Financial services

domestic demand. According to the mentioned

GDP at current factor cost
0

1997

1999

2001

2003

2005

2007

2009
three curves, the slope rates are so similar that
the rise of Import/export, Wholesale and Retail Source: H.K. SAR Census and Statistics Depart. (2011)

Trades industry and Transportation, Storage,

Postal and Courier Services industry can help From the above Exhibit 5, one can see that the
to render growth of Finance and Insurance four key industries composed about 60% of the
industry. The relationship between Financing GDP value. In addition, financial services and
and Insurance industries and the other two professional services & other producer services
industries are complementary. have developed a lot compared with the last
decade.
2.2 Pillar Industries
Since they are key industries, their employment
In the 2009-10 Policy Address, the Chief figure is another important factor to display.
Executive announced that HK had four key
industries, and in the future, these four key
industries were still the pillar industries of HK.
Exhibit 5 is the comparison of these four key
industries and GDP value.

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 Levin Human Capital Consulting Group

Macro Environment Study of Hong Kong

Exhibit 6 is it. Exhibit 8

mil.HK$ Value Added of Tourism Retail trade

Exhibit 6 15,000 Accommodation serv ices

12,000 Food and bev erage serv ices

personnel Employment in the Four Key Industries
9,000 Cross-boundary passenger
3 500 000 transport serv ices inbound)
Professional Services and
3 000 000 Other Producer Services 6,000 Others

2 500 000 Trading and Logistics

Trav el agency , reserv ation
3,000 serv ice and related activ ities
2 000 000 Tourism
Cross-boundary passenger
1 500 000 0 transport serv ices (outbound)
Financial services 1997 1999 2001 2003 2005 2007 2009
1 000 000

500 000 Total employment

Source: H.K. SAR Census and Statistics Depart. (2011)
0
1997

1999

2001

2003

2005

2007

2009

Source: H.K. SAR Census and Statistics Depart. (2011) Exhibit 9

Value Added of Trading and Logistics

mil.HK$ Wholesale trade
The following exhibits are the details of these 350,000

300,000
four industries. Import and export trade
250,000

200,000

150,000 Freight transport and

Exhibit 7 100,000
storage services

50,000 Postal and courier

mil.HK$
Value Added of Financial Services 0
services

1997 1999 2001 2003 2005 2007 2009

200,000 Banking

150,000
Source: H.K. SAR Census and Statistics Depart. (2011)

Insurance
100,000

Exhibit 10
50,000
Other financial services (e.g. stock
brokerage, asset management,
finance leasing and investment and Value Added of Professional Services &
0 mil.HK$
1997 1999 2001 2003 2005 2007 2009
holding companies)
Other Producer Services Legal, accounting and auditing
35,000 serv ices

30,000
Source: H.K. SAR Census and Statistics Depart. (2011)
25,000
Architecture and engineering
20,000 activ ities, technical testing
and analy sis; scientif ic
15,000 research and
dev elopment; management
10,000 and management consultancy
activ ities
Other prof essional serv ices
5,000 (e.g. inf ormation technology
related serv ices, adv ertising
0 and specialised design
1997 1999 2001 2003 2005 2007 2009 serv ices)

Source: H.K. SAR Census and Statistics Depart. (2011)

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 Levin Human Capital Consulting Group

Macro Environment Study of Hong Kong

According to above exhibits, one can see that M1 refers to the sum of legal tender notes and
in year 2008, financial services industry was coins held by the public plus customers demand
badly wounded in the financial tsunami. As a deposits placed with licensed banks.
result, even the visitors shopped, ate and lived
in the same standard, they cut the budget in M2 refers to the sum of M1 plus customers
transportation. But in year 2009, CPI increased savings and time deposits with licensed
in a large way, visitors cut the meal budget too. banks, plus negotiable certificates of deposits
In addition, because the government decided (NCDs) issued by licensed banks held by non-
to put Ten Major Infrastructure Projects into authorized institutions.
reality soon, Architectural, surveying, project
engineering services; engineering and technical M3 refers to the sum of M2 plus customer
services; and business management and deposits with restricted licence banks (RLBs)
consultancy services industries have greatly and deposit-taking companies (DTCs) plus
improved. negotiable certificates of deposits (NCDs)
issued by RLBs and DTCs held by non-
2.3 Money Supply, Interest Rate & CPI authorized institutions.

Hong Kong classifies money supply into three According to exhibit 11, even after the financial
types, M1, M2, and M3. There has been a tsunami, the government didnt take measures
large increment of M2 money supply after year to turn down M2 and M3. On the contrary, the
2002, Exhibit 11 indicates many active business government took the role to help and assure
operations, properly in investment market, have enterprises to finance and come across this
been taken place. tsunami.

Exhibit 11 Money Supply is correlated with change of

mil. HK$ Money Supply interest rate. Exhibit 12 is the detail of saving
9,000,000
8,000,000
rate and lending rate for less than HK$100,000.
7,000,000
6,000,000
M1
5,000,000
4,000,000 M2
3,000,000 M3
2,000,000
1,000,000
0
1997
1998

1999
2000

2001
2002
2003

2004
2005

2006

2007

2008
2009

2010

2011(Q2)

Source: H.K. SAR Census and Statistics Depart. (2011)

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 Levin Human Capital Consulting Group

Macro Environment Study of Hong Kong

Exhibit 12 According to above pictures, one can see

Saving rate and lending rate for less than HK$ 100,000
that economy in Hong Kong is a safe and
%
12
steady-going economy. Although government
10

8
Savings
announces that people should care about
deposit rate
6
recession, government would take all measures
4

2
Best lending to stabilize the economy.
0 rate
2011(M10)
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010

3 Population
Source: H.K. SAR Census and Statistics Depart. (2011)

Mostly, the situation of population nowadays

Consumer Price Index (CPI) is the reflection of reflects at lease two decades of the economy
GDP value and money supply. in a place. Exhibit 14, 15 and Table 1 are the
population figure of HK.
Exhibit 13 is the detail.
Exhibit 14
Exhibit 13 Population and Growth Rate
2.0 8000
Consumer Price Indices
(Yr2005 = 100) 7000
1.5 Natural
130 6000 Population
1.0 5000 Change (%)
120 (left)
4000
0.5 3000
110 Personnel
2000
('000) (right)
100 0.0
1000

90 - 0.5 0
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2011(M10)
1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

Source: H.K. SAR Census and Statistics Depart. (2011)

Source: H.K. SAR Census and Statistics Depart. (2010)

According to the pass, population growth rate

According to above three pictures, one can see will raise while economy is declining. On the
that although public deposit is larger and larger, other hand, while economy grows, the situation
the saving rate is nil. Comparing with the rapid will change. From exhibit 14, one can see that
growth of CPI, it can be imaged that living in public is confident that economy in year 2011
Hong Kong will be harsh. will rise, though actual economic conditions
always prove it to be contrary.

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 Levin Human Capital Consulting Group

Macro Environment Study of Hong Kong

Exhibit 15 4 Social Matter

Population by gender and age group (Mid-2011)
400.0
300.0 4.1 Crime Rate
200.0
100.0 Male ('000)
0.0
- 100.0 The total number for crime cases and arrested
- 200.0
- 300.0 Female ('000) personnel shows the law and order level of an
- 400.0
0 - 5 - 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 >= area. In addition, it also tells which crimes are
4 9 - - - - - - - - - - - - - - - 85
14 19 24 29 34 39 44 49 54 59 64 69 74 79 84
common in those places.
Source: H.K. SAR Census and Statistics Depart. (2011)

Exhibit 16
Table 1 Persons Arrested for Crime by Type of Offence
personnel Violent crime against person
Population Aged 15 and Over by Educational Attainment (Highest Level Attended), 1996,
2001, 2006 and 2010 18000
Educational 1996 2001 2006 2010 Violent crime against property
Attainment Number % of total Number % of total Number % of total Number % of total 16000
No schooling 480 852 9.5 469 939 8.4 423 310 7.1 329200 5.2 14000 Burglary and thef t
Primary 3508338 69.2 3682443 65.7 3788469 64.0 4239400 69.3
Sixth Form 308 808 6.1 528 090 9.4 351 419 5.9 --- --- 12000
Fraud and f orgery
Post-secondary 768520 15.2 918500 16.4 1361473 23.0 1554300 25.6
10000
Total 5 066 518 100.0 5 598 972 100.0 5 924 671 100.0 5529100 100.0
8000 Sexual of f ences

Source: H.K. SAR Census and Statistics Depart. (2011) 6000

Serious narcotics of f ences
4000
Remark: the data of year 2010 were the rough data, they 2000 Of f ences against lawf ul
authority
0
Serious immigration of f ences
need to be further classify. 2005 2006 2007 2008 2009 2010

Source: H.K. SAR Women and Men in Hong Kong Key

According to above information, one can see Statistics (2011)

that over half of people in Hong Kong have

finished primary education. In addition, Hong According to exhibit 16, one can see that crime
Kong is a place where people can gain fast and rate in Hong Kong is very low. Comparing with
updated information. Hong Kong people always its political part, Hong Kong is a place very
impress the world by their smartness and suitable for living and doing business.
flexibility.

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 Levin Human Capital Consulting Group

Macro Environment Study of Hong Kong

4.2 Natural Environments 4.2.2 Water

The government and the environment protection Water conditions vary by different regions.
department are now conducting a review on the Exhibit 18 shows that.
marine air and water quality objectives. So the
data for air and water quality will be updated Exhibit 18
later. Water Quality Index for Selected Rivers from 1984 to 2010
16
Yuen Long
14 Creek

4.2.1 Air 12
10
Tuen Mun
River

Air Pollution is a main problem that Hong Kong 8

Lam Tsuen
6
River
Government is going to face with. Exhibit 17 4
Shing Mun
2
River
shows the data of it in H.K. in recent years. 0
1984

1986

1988

1990

1992

1994

1996

1998

2000

2002

2004

2006

2008

2010
Mui Wo River

Exhibit 17 Source: H.K. SAR Environ. Protection Depart. (2011)

ug/m3
Annual Averages of Daily Particulate Pollutants and Hong Kong Annual Digest of Statistics 2011
2,000

1,600 Remark: index excellent 4.5 good 7.5 general

1,200
10.5 bad 13.5 very bad.
800

400

0 According to the data, one can see that

1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Sulfur dioxide Nitrogen oxides although the air pollution level and the water
Nitric oxide Nitrogen dioxide
Carbon monoxide Ozone
Total suspended particulates RSP quality index are very bad in the period of year
Source: H.K. SAR Environ. Protection Depart. (2011) & 1999 to 2007, they are quite like 10 years
Environmental Performance Reports 2011 before now. Hong Kong and the near areas
such as Guangzhou and Shenzhen have less
and less manufacturing industries. Environment
will become more and more suitable for living.

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 Levin Human Capital Consulting Group

Macro Environment Study of Hong Kong

Conclusion

Hong Kong is a small place. She must rely on Two year before, the current chief executive and
Mainland China to strengthen her industries his team paid more and more attention on the
types and advantages. China is changing grassroots and the livelihood issues. But Hong
herself from a manufacturing country to a Kong is so small a place to resist the higher and
consuming country. Providing services to China higher CPI. Moreover, there will be new voting
and cooperating with China became the major for the next generation of Chief Executive in
way for Hong Kong people to develop their March 2012. While candidates present their
career. It can also create some new industries. Political Programs, social conflicts will also be
stimulated.
In Hong Kong, people can exchange his money
into various foreign currencies. They can also
transfer them to every country within the legal
limit. Therefore, Hong Kong is a world famous
financial center with high level of freedom. So - End of Report -
for a long time, financial services industry has
been one of the pillar industry in Hong Kong. By: Jade Xuan
As Shanghai is now actively building herself as Analyst
financial, trading, logistic and cultural center of (November 2011)
China, what Hong Kong can do is to actively
exploit new business and new areas and to test
their feasibility. In one word, Hong Kong is now
taking the role as a pioneer of China economic
development.

Too many elements would change in the coming

two years. For both Chinese and Hong Kong
governments will turn to the next generation in
year 2012. What the new government would
focus on is unknown. However, economy
increase is still the very important indicator to
measure efficacy of a government.

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 Levin Human Capital Consulting Group
Jade Xuan
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intended recipients only and may not be reproduced
(in whole or in part) or delivered or transmitted to
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By accepting this report, the recipient agrees to be
bound by the terms and limitations set out herein.
The information contained in this report has
been obtained from public sources believed to
be reliable and the opinions contained herein are
expressions of belief based on such information. No
representation or warranty, express or implied, is
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