10 things about the hong kong business culture
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10 Things About the Hong Kong Business Culture
A presentation brought to you by OpenCompanyHongKong.com
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Doing Business in Hong Kong
o The business and workplace culture are both very important when doing business in Hong Kong.
o The city is a major business centre with Chinese and English influences and many different customs and practices.
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1. Punctuality
o Punctuality is important in all business relationships.
o In Hong Kong, your business partners will value your punctuality.
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2. Greetings
o Hierarchy is important in Hong Kong, in all types of companies.
o The seniors and directors will be greeted first, and it is customary to use a handshake or a bow.
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3. The Chinese Language
o English and Chinese are both official languages and it is widely accepted for foreign investors in Hong Kong to speak English.
o A good business practice is to learn a few words in Chinese, especially if your business partner is Hong Konger.
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4. Physical Contact
o Physical contact is rare and multiple gestures are not recommended between business partners. A simple handshake is enough.
o When doing business in Hong Kong entrepreneurs are professional and discrete.
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5. Titles are Important
o Hong Kongers pay attention to someone’s title and function.
o When addressing a company director you should use the proper title.
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6. Red is Lucky
o The colour red is considered lucky in China and also in Hong Kong.
o In Chinese or Hong Kong culture the colour white is associated with mourning.
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7. Preparation is Key
o Business culture and customs in Hong Kong call for well-prepared speakers.
o When speaking in front of a panel or making a presentation make sure you have your documentation in order and are very diplomatic.
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8. Negotiate Calmly
o Corporate negotiations in Hong Kong are held in a calm and orderly fashion.
o Issues like contractual agreements are handled with patience as it is not polite to pressure the Chinese business partners.
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9. Dining Etiquette
o Business owners in Hong Kong can hold formal dinners.
o A traditional Chinese meal has a specific dining etiquette, including using the famed chopsticks.
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10. Stay Open
o As a foreign investor in Hong Kong or an expat it is important to stay open towards assimilating new customs.
o You should keep an open mind towards the existing cultural differences.
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Ask for Professional Advice
o Asking for professional advice can always be a step in the good direction.
o You can contact our company registration experts in Hong Kong for detailed information on how to do business in the city.
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Thank You for Your Attention!
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