Discusses key economic indicators and trade statistics, which countries are dominant in the market, and other issues that affect trade. The contraction was driven by the softening of global economic growth, U. According to Hong Kong Government statistics, there are 1, subsidiaries of U. Among those U. The city is also known for its world-class infrastructure; no restrictions on inward or outward investment; no foreign exchange controls; no nationality restrictions on corporate or sectoral ownership; simple, low-tax regime; and as a global financial hub.
Overseas companies can also benefit from CEPA. For trade in goods, foreign investors can set up production lines in Hong Kong to produce goods that meet the CEPA rules of origin requirements.
This led to the launch of the Brand Hong Kong programme in May to provide a greater focus to the international promotion of Hong Kong as Asia's world city. The platform at the heart of the programme is: "Hong Kong is where opportunity, creativity and entrepreneurship converge.
It is a dynamic physical and cultural hub with world-class infrastructure, Asia's most strategic location, and a global network of people with an impressive record of success that can support achievement of your goals and objectives.
The core values underpinning the programme are: progressive, free, stable, opportunity and high quality. Hong Kong's attributes, reflected in the core values, are: innovative, cosmopolitan, enterprising, leader, connected. A key component of the brand programme is a Hong Kong's new visual identity - a stylised dragon - that has been used to promote Hong Kong extensively in the international arena. The Brand Hong Kong programme and Hong Kong's positioning was developed following extensive qualitative and quantitative research amongst business and government leaders in Hong Kong and internationally.
The research demonstrated that, while Hong Kong was held in high regard internationally, not all audiences had a strong grasp of the dramatic changes that have made Hong Kong one of the world's most modern and dynamic cities, with a backdrop of beautiful natural assets. Ocean Park boasts a huge aquarium dome and offers a look at thousands of fish from species, a Reef Tunnel, and a chance to get hands-on with sea stars and sea cucumbers. Above the sea, you can partake in a Giant Panda Adventure, featuring giant pandas, red pandas, and the endangered Chinese Giant Salamander.
Also worth checking out are special programs focused on the North and South Poles. Major changes are planned for Ocean Park starting in , with older rides being replaced by new ones and with the park focusing more on marine conservation. Ocean Park is opening a new Mega Waterpark with 27 water features. If you've had enough of the tight confines of Hong Kong and are ready for a little exercise, try escaping to the Dragon's Back Hike.
It's a pleasant change from the buzz of the big city to hear birds singing, the sound of small waterfalls, and the leaves rattling in the ocean breeze. The hike is relatively easy but be sure to start at Section 8 bus stop To Tei Wan. From here, the walk takes you up a short distance and then is predominantly downhill with rolling sections to Big Wave Bay. Once you've reached Big Wave Bay, you have the option of catching a taxi or mini bus to nearby Shek O.
Both areas have fantastic beaches for swimming, and Shek O has a variety of restaurants serving good seafood.
Don't forget to bring plenty of water and your bathing suit and towel on this hike. A swim to cool down followed by a fruit smoothie or ice-cream at the end of the hike is heavenly. Sign for Lan Kwai Fong. As Hong Kong's most popular dining area, the lively streets that make up Lan Kwai Fong are packed with crowds checking out Hong Kong's trendiest restaurants. If you are looking for a place to eat in Hong Kong, especially at night, this is the place to come.
Dining on the open-air patios lining the sidewalks, and watching the crowds stroll by is a must-do when in Hong Kong. In addition to the street level establishments, you'll find restaurants are literally stacked upon one another in the buildings along here.
Be sure to check out the directories located at the main entrances. You can find cuisine from around the world. For a dependably good meal, try Bistecca Italian or Brickhouse Mexican. The main street in Lan Kwai Fong is D'Aguilar, but make sure you don't miss wandering down some of the many laneways to find hole-in-the-wall-style restaurants serving some of Hong Kong's best food. Tai O Fishing Village.
A visit to Tai O village offers an experience you won't find anywhere else in Hong Kong. Although it is a popular place to visit for tourists, it is a far cry from the busy city, crowded markets, and theme parks.
Tai O is home to people who live a quieter, more traditional way of life. The Tanka people who live in Tai O, found on Lantau Island, build their homes on stilts over tidal flats. Villagers offer boat rides around the village, after which you can visit the local markets and sample some of the fresh seafood. Occasional sightings of the endangered pink dolphin occur in the nearby waters. Many people visit Tai O village after they've made the journey up to the Big Buddha.
Avenue of Stars. For an escape from the city towers to a wide-open space with a bit of culture thrown in, be sure to visit the Avenue of Stars. This is where the city pays homage to some of Hong Kong's best known film stars. Closed for several years due to waterfront development, it has now reopened bigger and better than ever. The new walkway is curved and stretches farther out into Victoria Harbour than before, allowing fantastic views to Hong Kong Island.
The Avenue of Stars is one of the best spots to catch the nightly laser show and to see the neon lights shimmering across the water. The famed handprints are back, along with two new impressive sculptures, one of Bruce Lee with a wonderful water feature and another of Anita Mui. Each night, just down the way, a water fountain dances and sprays water high into the air in a choreographed performance on a regular schedule.
Ten Thousand Buddhas Monastery, located in Sha Tin, offers a beautiful and peaceful escape from the bustle of central Hong Kong and a look at the countryside. Set on a hilltop, the main access to the monastery is reached by walking up a long and curving set of stairs approximately steps , lined with hundreds of golden statues.
The walk is part of the attraction, and each of the statues is unique, many with quirky facial expressions and other interesting characteristics. Once at the top, the path opens into the square in front of the main temple, a welcome sight both because it's the end of the climb and for the impressive structures and statues that surround the open space. Inside the main temple, small Buddha statues line the walls from almost the floor to the ceiling.
In the square stands a large pagoda, and statues surround the complex. At the opposite end of the square from the main temple, the view extends out over the lush surroundings, with beautiful vistas looking over pine trees and rolling hills. Despite the name, Ten Thousand Buddhas Monastery is not actually a monastery at all, and no monks live on the site. It also contains far more than 10, Buddhas. The complex was built in the s but is still listed as a historic site.
It's easy to get confused here, and another temple is located on a nearby hill. Make sure you are on the right path before heading up. Located in Central Hong Kong, this beautiful park is a true oasis in the jungle of high-rises and one of the most peaceful places to visit in the city. Stretching out along a hillside, this huge, lush park contains a small forest of mature trees, water features, and a number of important attractions.
One of the main highlights is the aviary. This large, outdoor area covered in netting is home to more than 80 species of birds, and wandering through this space, you would hardly believe you are not in a forest. High walkways take you up to canopy level, where you can see birds nesting and resting in the trees. Chi Lin Nunnery. This Buddhist temple dates to the s but was rebuilt in the s in traditional Tang Dynasty style.
The structures are all made of wood, and the large complex is incredibly impressive. In front of the complex are carefully sculpted bonsai trees surrounding the Lotus Pond Garden, with several ponds featuring water lilies. If you are looking for a quick escape from the city and want a complete break from streets and cars, one of the easiest and most rewarding things to do is to take a ferry to Lamma Island.
This beautiful island of rolling hills, scattered beaches, and quaint villages, has no roads or vehicles. You can hike through the interior to remote beaches and seaside villages. Both of these villages are quite lovely and have restaurants. You can hike between these two villages, and many tourists choose to take the ferry to one of these and then hike to the other to catch the ferry back to Hong Kong Island.
If you are interested in doing a hike on Lamma, see our article on the best hikes in Hong Kong to plan your route. If you don't want to do any hiking, Lamma Island still makes a beautiful outing.
Approximately 8, people live on this island, which is only about 13 square kilometers, but most of the island is simply covered in forest. Check the ferry schedule for times. As you stroll down Hollywood Road, you will smell the incense from the Man Mo Temple long before you see the building.
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