1 in 20 Work as Bean Counter in Hong Kong

Posted by Bill Belew on March 22nd, 2008 in Doing Business in China | No Comments

Some 5.4% of Hong Kong's work force or 200,000 people work in the financial sector says Cha-Ching – not his real name. It's Chan Ka-Keung, Hong Kong's secretary for financial services and the treasury of HKSAR>

The financial sector contributes 16% of HK's GDP. 5% of the people making up 16% of the work. Hmm, sounds familiar.

HK's government, universities and the industry have invested heavily in producing such talent and now it has paid off.

Add to that a good regulatory environment and access to international markets and HK is good to go.

The proportion of the Hong Kong population with a post-secondary degree in "business and commerical studies' has grown from 26% in 1996 to 32% in 2006.

A good example of a government, its universities and industries working together, eh?

How often does that happen in the world? 

source 

 

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