Executive opinions on Hong Kong: Point and counterpoint: The future looks bright for China and Hong Kong

The biggest debate about the future of Hong Kong is poised on whether China wil honor the 1984 Sino-British Joint Declaration or whether it will introduce corruption and over-regulation into Hong Kong's well-functioning Western economy. Fong,an appointee of the Hong Kong government, and Wilson, a longtime resident and employee of Western companies with offices in Hong Kong, briefly tackle both sides of the issue.     

Business and the rule of law in Hong Kong

Hong Kong's fair efficient legal system is the bedrock of its economic success. The practice of Western law underpins Hong Kong's entire free, market by providing a level playing field, due process, protection of property right and legal contracts. Mr. Lee, the Democratric Party of Hong Kong, warns of the potential harmful impact of Chinese sovereignty in Hong Kong after 1997, particularly through corruption and nepotism.     

Dirt of whitewashing: re-conceptualising debtors’ obligations in Chinese business by transplanting bankruptcy law to early British Hong Kong (1860s–1880s)

This article, drawing on a wide range of archived materials, and using one of the earliest sets of English business law imported to Hong Kong – the Bankruptcy Ordinance of 1864 – as a case study, argues that the transplantation of the English bankruptcy regime into early colonial Hong Kong was contrary to the business interests of both the European and Chinese communities and wrongfully displaced the traditional Chinese business norms and practices that had contributed to the health of the colonial economy prior to the regime's introduction. This article constitutes one of the first empirical studies to place English business law and its widely acknowledged contribution to the economy of early colonial Hong Kong under scrutiny. From the perspective of the relationship between English law and former British colonies’ development of business modernity, the findings presented herein contradict the readily accepted notion that English business law provided a solid legal infrastructure upon which colonial Hong Kong's prosperity and economic growth were built and call for more nuanced studies of the positive role of Chinese legal traditions in Hong Kong's development of business modernity in its early colonial period.     

Small Firm Marketing in China: A Comparative Study

This paper examines the influence of Chinese cultural values on marketing practices in different socio-cultural settings and business contexts, for example the United Kingdom, Hong Kong and China. 20 Chinese small firms in China were selected and their owner-managers were interviewed. Findings of interviews undertaken by Brooksbank et al. (1992) with 20 British small firm chief marketing executives, and Siu (1997) with 26 Chinese owner-managers in Hong Kong, were collated to form a database for comparison purposes. The research results suggest that the specific marketing practices of Chinese small firms in mainland China are different from those of their counterparts, for example, British and Hong Kong Chinese small firms. A tentative model is developed explaining the factors that appear likely, on the basis of this research, to affect the marketing performance of small firms in China.     

The “Brain Drain” from Hong Kong

At one time, the top jobs in subsidiaries of Western companies located in Hong Kong were held by Westerners. Only recently have companies moved to fill professional positions with local talent. But as the localization process has speeded up, the once plentiful supply of talent is shrinking dramatically. Hong Kong Chinese professionals are leaving from fear of what repatriation with the PRC will bring.     

The demand for business and management education in Hong Kong beyond 1997

In this contribution, the future market of business and management education in Hong Kong is investigated, bearing in mind that Hong Kong reverted to Chinese sovereignty. Hong Kong is expected to continue its prosperity, but the emigration of large numbers of Hong Kong professionals wanting to secure a safety net by acquiring a foreign passport has further created demands for better and more business and management education in an attempt to develop more professional managers. The study starts by discussing the current state of the Hong Kong economy and the phenomenon of the ‘brain drain’. In addition, it analyses a survey of the current state of business and management education in Hong Kong so that a market need can be identified to match economic growth. Finally, the study suggests a future research direction for Hong Kong's business and management education.     

Enter the dragon: Hong Kong's growing role in world finance

Hong Kong currently plays a crucial role in world finance, yet will it maintain its economic power under Chinese rule? Important in Hong Kong's current and future role are its stock market, the maintenance of a stable exchange rate, the maintenance of a stable exchange rate, the development of its capital and debt markets, the Basic Law that guarantees that the financial sector will remain intact after 1997 and a smooth financial synthesis between Hong Kong and China. Li describes the integral role of the Hong Kong government in these tasks and discusses his optimism for the future.     

Hot Money, National Risk？

After the phasal cease of the financial crisis, from the latter half of 2009 and on, the international hot money has been trying to make a comeback and has .once again viewed China as its object. Many have chosen Hong Kong as the path into China. In the third quarter of 2009, the hot money which uses Hong Kong as its gateway to flow into mainland China has forced the Hong Kong Monetary Authority to inject capital into the market.     

香港码头处理费问题的困扰及其出路

香港码头运营成本过高,特别是码头处理费(THC)全球最高,一直是困扰香港物流业运作的主要问题．如果THC问题不能尽快妥善解决,必将对香港的转口贸易、航运业产生严重影响,削弱CEPA实施的效益,拖慢香港的经济复苏步伐。为提高香港航运业的竞争力,特区政府有必要改革航运政策机制,考虑兴建新码头,并引入新营运商。     

新时期香港对外贸易的若干问题

1978年以来,香港对外贸易得到迅速发展,香港已经发展成为世界贸易中心,最近20年香港对外贸易发生了巨大变化.文章对香港1987以来的对外贸易分两阶段,即1987～2000年年和2000年至现在,总结分析香港对外贸易各部分目前的状况及发展和阶段特点,分析目前面对的挑战和机遇,以及新时期香港对外贸易发展的前景.     

金融科技背景下香港产业发展路径研究

在世界金融科技发展的背景下,香港作为世界三大金融中心之一,要想实现行业升级,需要解决自身经济结构的不合理性。从香港目前的发展状况来看,将金融科技高度融入到现有的支柱产业是关键所在。本文从香港前几次的行业转型升级历程入手,指出了之前香港产业结构升级的特点,分析了在新兴金融科技背景下,香港再次进行经济转型的必要性及趋势,由此探究出香港由金融中心演变为金融科技中心需要进行区域间的经济协作、强化政府宏观调控、加强技术创新并引入新兴技术以及推动科技产业集群化的路径选择。     

粤港区域产业转移及产业升级路径——CEPA协议效应与泛珠区域合作影响分析

CEPA及其补充协议的实施改善了粤港两地经贸关系,港资服务业的进入如火如荼。文章通过分析CEPA签订前后粤港珠区域核心城市的服务功能及粤珠地区制造业优势的变动情况来探讨香港服务业扩散对广东及珠三角地区产业结构演进的影响,进而从泛珠区域合作角度提出对粤港产业转移与产业升级的相关政策思考。     

Required human resources competencies in the future: a framework for developing HR executives in Hong Kong

The management of human resources has emerged as a critical factor in creating and maintaining the competitive edge of a business. The HR manger should be a business partner who plays the role as a diagnostician and a strategist in the company. Hong Kong HR practitioners are known to be poorly equipped to play such a part since professional HRM training in Hong Kong have largely neglected strategic aspects. At the time of the study, Hong Kong experienced its worst economic downturn since 1984 where bankruptcy and unemployment are at an all time high. This study aimed to provide updated views on the competency needed for future HR leaders in Hong Kong in face of the challenges ahead. Against the background of a literature review, a survey contrasted the views of CEOs and HR executives regarding the required level of competencies of future HR leaders in Hong Kong. The findings establish an empirical basis for a framework guiding the direction and content of the future development of HR practitioners in Hong Kong.     

Hot Money, National Risk?

After the phasal cease of the financial crisis, from the latter half of 2009 and on, the international hot money has been trying to make a comeback and has once again viewed China as its ohieet.Many have chosen Hong Kong as the path into China.In the third quarter of 2009, the hot money which uses Hong Kong as its gateway to flow into mainland China has forced the Hong Kong Monetary Authority to inject capital into the market.     

入世后上海能否取代香港的国际金融中心地位

香港与上海金融中心的建立和发展不但互有优势与隐忧，而且上海金融中心的建立也不一定是对香港国际金融中心的代替和竞争，未来建立的上海国际金融中心与香港国际金融中心之间顶多是相互分工和彼此合作的关系。     

中国服务企业对外直接投资活动分析

虽然中国服务企业对外直接投资起步较晚,但从2009年开始呈现加速态势.在进入模式选择上,中国服务企业对外直接投资主要采取新建模式;在区域布局上,中国服务企业以香港为中介和重要跳板走向世界其他国家和地区.同时,中国服务企业进入境外呈现明显的区域化特征,中国服务企业主要进入与我国地理相邻、文化相近的港澳台、东盟、日韩地区以及服务市场较大的北美、西欧地区.     

Role portrayal in advertising and editorial content,and eating disorders: an Asian perspective

Researchers have postulated that exposure to images of thin ‘ideal body’ women portrayed in advertising and editorial content on television and in magazines contributes to eating disorders among female college students in Western countries. The central aim of this study is to examine the relationship between such advertising and editorial, and self- reports of eating disorder and body image dissatisfaction among Hong Kong females. The Eating Attitude Test (EAT) and Body Dissatisfaction subscale in the Eating Disorder Inventory are employed in a survey of females in Hong Kong. The analysis indicates that overall media consumption is a positive predictor of eating disorder and body image dissatisfaction. Several policy recommendations and suggestions for future research are made.     

Born to be similar? Global isomorphism and the emergence of latecomer business schools

By building on insights from institutional isomorphism, this paper investigates the development paths of latecomer business schools in Hong Kong, (South) Korea, Singapore, and Taiwan. The global isomorphic pressure prevalent in higher education (e.g. the global regime of rankings) drives latecomers to imitate the practices of incumbents in order to enhance their academic impact through business and management research. Our study argues that latecomers respond to global isomorphism by forging their own paths. Our analysis shows that business knowledge production in Hong Kong and Singapore was more responsive to coercive (research strategy) and normative (faculty recruitment strategy) isomorphic pressure than Korea and Taiwan. The response to mimetic isomorphic pressure (co-authorship strategy) was less salient in Hong Kong and Taiwan than in Singapore and Korea. Further, we find that research, faculty recruitment, and co-authorship strategies affect the academic impact (citations) of the higher education institutions across each country differently. Our study sheds new light on the role of global isomorphism in the emergence of latecomer business schools.     

Hong Kong's financial industries in transition: An external perspective

As a consultant to hundreds of business in Hong Kong, Gaeta analyzes the development of Hong Kong with a consultant's eye. He traces the path Hong Kong has followed to become a global banking and financial-services center in the 1990s; discusses the current obstacles it has to face as this center rapidly matures—for example, in its move from laissez-faire to international regulatory standards- and discusses the future competitive and managerial challenges the country will face with China at the helm, such as skills and human resource development, goal setting and performance management.     

Hong Kong's fast-food industry: An overview

Business continues to boom for Western quick-service operations in Hong Kong, including for those that see the territory as a jumping off point for capitalizing on the expanding mainland-China markets. But it's no longer just Western burger, chicken, and pizza chains that are competing in the market place: several Hong-Kong-based Chinese-style fast-food companies are growing quickly throughout the territory and elsewhere.