The Industrialization and Social Developments of Hong Kong

Hong Kong's industrialization and social development can be traced back to the time when the British Empire began implementing various policies that completely changed domestic industrialization and social development. Britain's influence on China dates back to the 18th century when British traders started loosening trade policies and practices adopted by the Chinese government. This eventually resulted in the Opium war of 1839, which ended in 1842 when the Chinese were defeated and the British army was able to demand trade policy from the Chinese government.

This article will introduce the audience to Hong Kong's historical background, business considerations comparing Hong Kong and the UK, Hong Kong's financial, economic, political and social climate. The aim is to provide basic data to help experts in doing business effectively and respectfully in Hong Kong. Hong Kong is located in the southern coastal area of ​​China, adjacent to the Pearl River Delta and South China Sea. Geographically, the total area of ​​Hong Kong is 1,104 square kilometers, of which 262 are Hong Kong (Hong Kong Government GovHK, 2012). With a population of over 7 million people, most people speak Cantonese, but English is still widely used. During the first opium war between 1839 and 1842, Hong Kong was acquired by the Great Empire of the Qing Dynasty (Kan, 2010). After 150 years of British colonial rule, China restored sovereignty over Hong Kong in 1997 (US Department of State, 2012).

Hong Kong's industrialization and social development can be traced back to the time when the British Empire began implementing various policies that completely changed domestic industrialization and social development. Britain's influence on China dates back to the 18th century when British traders started loosening trade policies and practices adopted by the Chinese government. - With the advent of the industrial revolution, the labor movement in the USA changed dramatically. It changes the way of employer's business and influences the work force of skilled craftsmen. Since the revolution changed the labor force, the company diversified and the business became more fluid. Industrialization has changed employer 's business practices and dramatically changed employee' s working conditions. And more formal labor relations process is urgent.

Due to the historical background of Hong Kong, Hong Kong played an important role in the Chinese economic revolution of the 1980s. It promoted foreign investment in the Chinese market through Hong Kong and became a complex platform for state-owned enterprises to raise funds. As a result, Hong Kong changed its opportunity from the center of industry to the financial services industry, becoming a mature international finance center in the 1990s. At present, Hong Kong still has a strong financial base and support from China, but Hong Kong is faced with intense competition in the global financial market now. As China's financial system and regulation matures, the advantages of Hong Kong are weakening