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Posts Tagged ‘Hong Kong Business’

Hong Kong Banking System

Thursday, May 27th, 2010

The H. Kong banking and financial services is regulated by the H. Kong Monetary Authority (HKMA). One of the responsibilities of the Hong Kong Monetary Authority is to ensure that the currency of H. Kong is stable against the other world currencies. It is currently pegged to the US dollar.

There are three categories of banks in H. Kong namely the License Banks, Deposit Taking Companies and Restricted License Banks. However, what you have to know about the Hong Kong banking industry is that the license banks are the only ones that are allowed to operate current or saving accounts. Retail banks are task at providing selections of different accounts tiers and services. The savings accounts can be in H. Kong dollars, US dollars or renminbi. Most of the banks in H. Kong allow their customers to link debit card, credit card, cheque, and savings to a master account. What the customers do in most cases is to exchange the minimum deposit to the savings accounts in order to avoid bank serves charges.

When you want to open an account in Hong Kong, there are some retail banks that offer their customers opening forms which you can get easily by downloading from their websites. Different banks have different requirements and criteria when opening a bank account. However, to open a saving or current account in H. Kong banking sector, you require an identification card or passport, application form and you have to provide a proof of H. Kong address. One thing that you have to know is that it is not necessary that you are a resident of H. Kong to open a bank account.

Hong Kong Shopping

Friday, April 2nd, 2010

Hong Kong is recognized for its fast budding economy. Making a visit to this modern city, you can feel its vivacity and have a good perceptive of the local background. In Hong Kong, there are several well-to-do areas, and amid them, Tsim Sha Tsui, is one of the most renowned.

At whatever time you walk in the street, you will be come across heavy traffic and the citizens and tourists continuously throng this place. But everything is very methodical and tidy.

Nathan Road is the most important road of Tsim Sha Tsui. All the other streets branch out from there. Countless international brands are clustered in those streets. Particularly, the Park Lane Shopper’s Boulevard which is planned for shopping, and youth like to rove there to purchase some stylish and smart clothes. For those travelers who are hunting for cosmetics, going to the cosmetic stores in Granville Road and Harbor town will really surprise them.

We can enjoy a full revelation of the Victoria Bay in this region, and the suggested attractions are the Avenue of Stars and Tsim Sha Tsui Beach.

Eateries- Steamed dumplings, cakes, steamed stuffed buns, seafood dishes, soup, etc.

How to reach there: Catch the subway and reach Tsim Sha Tsui or you can be on the Star Ferry to reach the destination. And the travel in Hong Kong is quite easy, so you can arrive at your end very comfortably and without difficulty.
Street of Stars

The Avenue of Stars, to be found in Tsim Sha Tsui East, Kowloon, was constructed to showcase Hong Kong’s film industry, its past record, movie actors and those working at the rear of the camera. There are approximately 73 movie celebrities tablets inlaid on the surface of the street. Nearly 30 celebrities also left their handprints on their tablets along with Jackie Chan, Jet Lee, and Andy Lau. Sitting on the avenue is a 3-meter tall bronze figure of Kung Fu Star Bruce Lee.

At the doorway to the avenue is a bronze imitation of an Oscar statuette and a tiny stage for presentation. Having a walk along the avenue, tourists can find many snack shops, memento booths, a number of statues associated to movies and benches to be seated and relax.

To reach there:
Catch the subway and reach Tsim Sha Tsui East Station. Take the ferry to reach your end at the Star Ferry Pier of Tsim Sha Tsui.