Analysis of Key Sectors of Hong Kong: Business Tourism, Financial Services, Logistics, Trade and Retail 2017 - 2022

  • ID: 4388842
  • Country Profile
  • Region: Hong Kong
  • 131 pages
  • Mordor Intelligence
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Hong Kong, with a GDP worth US$274 billion, once an exploited British colony, is today one of the most prosperous countries in the world. Its market is considered one of the freest in the world. Today, it is the 3rd largest recipient of FDI in the world, has one of the best financial market ecosystem in the world, and benefits from the trade going in and out of China through its ports.

It is the 3rd best place in the world to do business with interest rates as low as 0.50%. Indeed, its financial markets are one of the world’s best. Low taxes (and ways to legally decrease the amount payable), ease of making offshore accounts, and a strong currency has made this extension of China, its wealthiest. Jobless rate has stayed constant at 3.3% for a long time. Hong Kong attracts many skilled and unskilled labour. The skilled labour-force is on the rise given competitive secondary and tertiary education. Flexible wages for labour make starting a business even easier.

According to the World Economic Forum, Hong Kong’s ground infrastructure and ports are the best in the world. On the travel and tourism competitiveness of the world, Hong Kong ranks 17th. About 93% of Hong Kong’s economy is upheld by services, with retail & wholesale, public administration, financial services, and real estate holding the largest positions in services. Construction accounts for 3.5% of the GDP.

Hong Kong is a mature economy heavily reliant on trade and services, with about 7 million people living on a landmass spanning no more than 1,104 sq. kilometers. Currently at 2.20%, the GDP YoY growth has not been able to move past 5%. Recent deceleration in exports, the economy slowdown in China, and hike in US interest, all work to weaken the growth in Hong Kong’s economy. The recent Umbrella Movement, where a number of next-gen Chinese citizens - students with previously no political biases resulted in a forced closure of protests, and no policy movement to increase the democratization of election of Hong Kong’s Chief Executive. Many policymakers are insistent that it is imperative for Hong Kong to break away from the shadow of China to steady and increase its economic growth.

However, despite these measures, some sectors in Hong Kong exhibit reliable growth for the foreseen future.

Drivers

FDI powers the economy, with a strong labour force ensuring an efficient dispensing of all sectors. Hong Kong with its port handles a large amount of the export and import for China, and has excellent logistics to boast of.

Constraints

The Chinese slowdown leaves the largely open Hong Kong market vulnerable to downward shifts. Furthermore, the high reliance on trade and its open markets have led to fluctuations in GDP. Currently, Hong Kong faces record high trade deficit in response to increase imports and insufficient demand from its primary market: Asia. The open stock market responds to a number of fluctuations, and this has an effect on the real estate of the country.

What this Report Offers

This report will contain micro & macro factors that affect Hong Kong’s market on both Global and Regional scale. It will provide insights pertaining to specified topics and key drivers & restraints for the market particular to each mentioned sector and sub-sector. The report will identify factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.

It also contains competition analysis on global & regional scale providing region specific assessments. Competitive landscape will contain profiles of multiple companies along with their strategic initiatives and market shares. Finally, it offers a comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
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1. Introduction
1.1 Report Description
1.2 Research methodology
1.3 Definition of the Market
1.4 Areas covered
2. Executive Summary
3. Key Findings of the Study
4. Market Overview
5. Introduction
6. Economic Indicators
6.1 GDP
6.2 GDP Growth
6.3 Inflation rate
6.4 Interest Rate
6.5 Unemployment Rate
6.6 Fiscal Deficit
6.7 Current Account Deficit
7. Market Segmentation
8. Investment Opportunities
9. Market Dynamics
10. Banking and Finance
10.1 Drivers
10.1.1 Skilled Labours
10.1.2 Increasing Banking Needs
10.1.3 Robust Economic Growth
10.1.4 FII and FDI Investments
10.1.5 Growing Secondary Market
10.2 Restraints
10.2.1 Low Interest Rates
10.2.2 High Non Performing Assets
10.2.3 Closed Stock Market for Foreigners
10.3 Opportunities
10.3.1 Broker in Stock Exchange
10.3.2 Demat Services
10.3.3 Merchant Banking/Investment Banker
11. Trade and Logistics Market
11.1 Drivers
11.1.1 Increasing Demand
11.1.2 Chinese Dependency on Hong Kong
11.1.3 Rising Transportation Needs
11.2 Restraints
11.2.1 High Fuel prices
11.2.2 High Transportation Costs
11.3 Opportunities
11.3.1 Goods Storage Systems
11.3.2 Transportation Services
11.3.3 Heavy Lifts and Cranes
12. Business Tourism Market
12.1 Drivers
12.1.1 Increasing Trade
12.1.2 High FDI Investments
12.1.3 Upcoming Companies and Projects
12.1.4 Developed Hospitality Sector
12.2 Restraints
12.2.1 Slow Economic Growth
12.2.2 High Costs
12.2.3 Online Video Calling
12.3 Opportunities
12.3.1 Seminar/Webinar Halls
12.3.2 Office Locations Developer and Provider
12.3.3 Business Consulting
13. Transportation Market
13.1 Drivers
13.1.1 Growing Trade market
13.1.2 Need of Local Support
13.1.3 Logistics Growth between China and Hong kong
13.1.4 Advanced Vehicles
13.2 Restraints
13.2.1 Truck Drivers Unavailability
13.2.2 Costly Manpower
13.2.3 Low availability of Labour
13.3 Opportunities
13.3.1 Growing Consumption
13.3.2 Easy Regulations
13.3.3 Low Taxes
14. Retail Market
14.1 Drivers
14.1.1 Increasing Population
14.1.2 Increasing Per Capita GDP
14.1.3 Positive Consumer Perception towards FMCG Market
14.1.4 Changing Consumer Trends
14.1.5 High growth in Small Cities
14.2 Restraints
14.2.1 Crisis Pushes Conservative Spendings
14.2.2 Lower Profitability
14.2.3 Low availability of Labour
14.2.4 High Operational Costs
14.3 Opportunities
14.3.1 Storage and Distribution
14.3.2 Retail Chains
14.3.3 Online Retail
15. Industry Value Chain Analysis
16. Industry Attractiveness – Porter’s 5 Force Analysis
17. Industry Policies
18. Banking and Finance Market
18.1 Summary
18.2 Key Findings
18.3 Banking System
18.3.1 Key Findings
18.3.2 Government Regulations
18.3.3 Banking Sector Performance
18.3.4 Index Performance
18.3.5 Major Banks
18.3.6 Net Demand and Time Liability (NDTL)
18.3.7 Non Performance Assets (NPA) Trends
18.3.8 Priority Sector Lending Trends
18.4 Financial System
18.4.1 Stock Market
18.4.1.1 Key Findings
18.4.1.2 Major Players
18.4.1.3 Major Companies
18.4.1.4 Government Regulations
18.4.1.5 Index and Its Performance
18.4.1.6 Market Volatility
18.4.1.7 Foreign Investment
18.4.2 Commodity Market
18.4.2.1 Key Findings
18.4.2.2 Major Commodities
18.4.2.3 Major Companies
18.4.2.4 Government Regulations
18.4.2.5 Market Volatility
18.4.2.6 Foreign Investment
18.4.3 Mutual Funds
18.4.3.1 Key Findings
18.4.3.2 Major Commodities
18.4.3.3 Major Trends
18.4.4 Insurance
18.4.4.1 Key Findings
18.4.4.2 Major Commodities
18.4.4.3 Major Trends
18.4.5 Market demand to 2020.
19. Trade and Logistics Market
19.1 Summary
19.2 Imports
19.2.1 Key Findings
19.2.2 Leading Countries
19.2.3 Imported Goods
19.2.4 Prices
19.2.5 Regulations and Taxes
19.2.6 Trade Barriers
19.3 Export
19.3.1 Key Findings
19.3.2 Leading Countries
19.3.3 Exported Goods
19.3.4 Prices
19.3.5 Regulations and Taxes
19.3.6 Trade Barriers
19.4 Major Companies
19.5 Prices
19.6 Market demand to 2020.
20. Business Tourism Market
20.1 Summary
20.2 Key Findings
20.3 Major FDI Reciepient Sectors
20.4 Major Hotels and Restaurants
20.5 Major Companies
20.6 Prices
20.7 Market demand to 2020.
21. Transportation Market
21.1 Summary
21.2 Key Findings
21.3 Major Companies
21.4 Prices
21.5 Upcoming Companies
21.6 Market demand to 2020.
22. Retail Market
22.1 Summary
22.2 Food Products
22.2.1 Key Findings
22.2.2 Sales
22.2.3 Consumption pattern
22.2.4 Exports
22.2.5 Imports
22.2.6 Prices
22.3 Non-food Products
22.3.1 Key Findings
22.3.2 Sales
22.3.3 Consumption pattern
22.3.4 Exports
22.3.5 Imports
22.3.6 Prices
22.4 Major Companies
22.5 Prices
22.6 Market demand to 2020.
23. Competitive Landscape
23.1 Existing Companies
23.2 Upcoming Companies and Projects.
24. List of Figures
25. List of Tables
26. Abbreviations
27. Works Cited
28. DISCLAIMER
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