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Sir
Brian Pitman, Previously Chairman and
CEO, Lloyds TSB and currently Senior Advisor, Morgan
Stanley |
| " We used
to consider ourselves a bank. Then we considered
ourselves providers of services. Now, we see ourselves
as creators of value "
- Sir Brian Pitman |
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Mr
Frederick Ma, Secretary for
Financial Services and Treasury, Hong Kong SAR. |
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Mr
Byung-Chul Yoon
,former chairman, Woori Financial Group, and currently
CEO, Financial Planner Standards Board, Korea |
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| Airport
tax |
| Tax at Hong Kong
International Airport is HK$80 for adults
and young people aged 12 or over. There is
no tax for children under the age of 12. |
| Business
Hours |
Office hours are from
9am to 5pm, Mondays to Fridays, and 9am
to 1pm on Saturdays. However, commercial
offices often stay open until 6pm or 7pm
during the week.
The hours from banking are from 9am to 4.30pm,
Monday to Friday. However, Automatic Teller
Machines (ATMs) are conveniently located
throughout the territory. Visa and Mastercard
holders can access Hongkong Bank and Hang
Seng Bank ATMs to withdraw cash or follow
through transactions. American Express cardholders
are obtain cash at Jetco ATMs.
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| Climate |
| The climate of Hong Kong
is subtropical. In summer, high humidity,
occasional torrential rains and typhoons can
prevail. Spring and summer, from April to
September, are considered the wettest periods,
with temperatures exceeding 30?C and humidity
rising above 90 per cent. |
| Currency |
The unit of currency is
HK currency. Money and travellers checks can
be exchanged at banks and moneychangers. Credit
cards are accepted in hotels and department
stores.
Currently, the HK currency has an official
exchange rate that gives you approximately
HK$7.80 for every one US Dollar. |
| Dressing |
| For business or formal
occasions, suits and dresses are customary
attire. In summer periods, a light jacket
can come in handy as some places are exceptional
air-conditioned. |
| Electricity |
| Electricity is 220 volts,
50 cycles AC. |
| Language |
| Cantonese is the local
language while English is the spoken language
of business. Most information, such as street
signs and restaurant menus, is provided in
both languages. |
| Tipping |
| Restaurants in Hong Kong
general add 10 per cent service charge to
bills, but waiters are also given any loose
change. Larger tips may be expected when service
charge is not included. Small tips are common
for bellboys, doormen and cloakroom attendants. |
| Transport |
| Hong Kong has one
of the world’s leading transportation facilities.
Getting around the territory is simple and
relatively inexpensive. Most taxi drivers
speak some English and majority understand
names of the major hotels. However, to avoid
misunderstanding, approach staff at your hotel
and ask them to write your destination in
Chinese characters. |
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