Communications/Transportation

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Hong Kong Benefits from:

Hong Kong's participation essentially as an autonomous entity of all world communication links, based on Hong Kong's consumer-oriented telecommunications services, which are freely available to all.

The fact that Hong Kong's telecommunications are not monitored or censored.

The fact that data flow from Hong Kong is generally unrestricted, whether transmitted electronically, by post, or by other means.

The fact that communications technology and equipment are available to all on a commercial basis, not subject to government monopoly or restrictions.

The fact that telecommunications essentially are managed by private companies on a commercial basis according to practices that assure users of high quality service at reasonable cost.

Hong Kong's widely available, efficiently managed, privately owned freight handling, forwarding, transportation and passenger services, which are a major stimulus to trade, investment, manufacturing and tourism.

Banking & Financial Services

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Hong Kong's success as a trading and financial center is based on its continuing to have:

A large number of local and international financial institutions providing a full range of commercial and personal banking services, including savings, checking, leasing, hire purchase, and loan financing, to all without national restrictions.

Assurances that funds are freely convertible, and transferrable into and out of Hong Kong by companies and individuals through commercial mechanisms.

A banking system which accommodates the operations of a large number and wide range of banks both domestic and international which are licensed to provide a full range of banking services.

Assurances that individuals and businesses enjoy unrestricted ability to borrow and lend, subject only to normal commercial constraints.

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Human Resources

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Hong Kong benefits from:

A large pool of skilled management, technical, office, and factory staff with a history of high productivity.

The historical development of a pool of management and technical professionals, which have received advanced education abroad or training with multinational corporations.

The direct access to labor by companies, and the freedom to employ labor without the intercession of any intermediate organization.

Labor relations which can be conducted without onerous restrictions on companies' right to hire and fire without reference to quota systems.

Education

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Hong Kong Readily Enjoys:

Readily available public and private education at the primary and secondary levels according with internationally recognized standards and curricula.

Freedom or private groups or individuals to establish, and have recognized, institutions serving the special requirements of certain sectors (such as the Hong Kong International School, and Swiss-German School, etc.)

The absence in private and public education of censorship of materials, use of quota systems, outside interference with the hiring of staff, or restrictions based on national, ideological, or religious grounds.

The maintenance of universities of international standard offering internationally recognized degrees.

Social Environment

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Hong Kong Residents Enjoy:

· Equality before the law, not dependent on race, residential status, or other distortion.

No restriction on residential location or freedom of movement within the territory on the basis of classification of residents.

The widespread, free and generally unrestricted activities of English language press, television, radio, other published media, and their free access to international news agencies, entertainment, and information sources.

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The wealth of cultural activities reflecting and supporting Hong Kong's status as an international center of culture, media, and the arts.

The wealth, variety and accessibility of shopping and distribution centers for all manner of goods, products and services, marketed in an unrestricted commercial environment.

The existence of a deeply rooted and long standing spirit of tolerance and cooperation which characterizes Hong Kong's constituent racial and national communities.

The large and readily available supply of various types of accommodations suitable for expatriate use, which can be leased or purchased commercially without restrictions.

The existence of a wide variety of facilities for, and freedom to exercise, personal religious beliefs, and the freedom of religious bodies to engage in propagational and educational activities corporate.

That residence in Hong Kong is accompanied by a unique freedom to participate in the life of the community as a whole, including equal access to participation in recreational, social, civic and other organizations.

The maintenance of the English language as a principal language of business and government.

The maintenance of high quality public and private medical facilities.

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