Retailers gearing up for 2020 may have been urged to double down on technology to deliver the elusive optimal customer experience that hits all the right notes across the virtual and physical worlds of commerce.
The dominance of the large, listed companies so long at the heart of Hong Kong’s economic and business culture is under threat, challenged by the government efforts to boost competition, increasingly sophisticated shareholder demands, changing or disrupted markets and rival economic centres in the region.
Hong Kong has strongly built a reputation as a world-class business centre: not only is it one of the largest financial centres in the world, but it is also the jurisdiction where most foreign investments going to mainland China originate from, as well where most mainland Chinese investments going to the rest of the world are structured.
In Hong Kong, any discussion regarding currencies tends to focus on offshore trading of the RMB, the expanding list of 24 Chinese bilateral swap agreements and how much longer the US$ can maintain a diminishing global reserve status.
SMEs in the Hong Kong Economy
Hong Kong’s small and medium-sized enterprises (SMEs) received a boost last year when the government revised its SME Loan Guarantee Scheme, a backing policy promoted by the Trade and Industry Department, to guarantee 50 per cent of the approved loan for an SME.
But the enhanced scheme does not change the fact that taking out a loan can be a time-consuming process.
In Q1, 2013, COMEX gold vaults in the US were drained of 2,000,000 ounces of gold, the largest withdrawal of physical gold bullion in the last 12 years.
In April, 2013 The largest Dutch bank ABN, defaulted on physical gold deliveries to their customers.
In August 2011, Chinese Vice Premier Li Keqiang visited Hong Kong, where he unveiled plans to create an exchange-traded fund (ETF) that would allow mainland China investors to invest in stocks listed in Hong Kong.