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- Capital: Victoria City
- Dialing code: +852
- Currency: Hong Kong dollar
- Population: 7.49 million (2019)
- Language spoken: Chinese and English
- Population growth rate: 0.7% annual change (2017)
- Gross domestic product: 341.4 billion USD (2017)
- GDP per capita: 46,193.61 USD (2017)
Utilities
- Electricity, Heating, Cooling, Water, Garbage: 1,530.04 HK$
- 1 min. of Prepaid Mobile: 0.60 HK$
- Internet 60 Mbps or More: 206.49 HK$
Transportation
- One-way Ticket(Local Transport): 10.00 HK$
- Monthly Pass(Regular Price): 500.00 HK$
- Taxi Start (Normal Tariff): 24.00 HK$
- Taxi 1km (Normal Tariff): 8.50 HK$
- Taxi 1hour Waiting: 102.00 HK$
- Gasoline (1 liter): 16.02 HK$
- Volkswagen Golf 1.4 90 KW Trendline: 250,000.00 HK$
- Toyota Corolla 1.6l 97kW Comfort: 217,040.00 HK$
Accommodation
- Apartment (1 bedroom) in City: 18,230.59 HK$
- Apartment (1 bedroom) Outside: 12,808.82 HK$
- Apartment (3 bedrooms) in City: 38,649.28 HK$
- Apartment (3 bedrooms) Outside: 25,044.12 HK$
Food & Drink
- Meal, Inexpensive Restaurant: 50.00 HK$
- Coke/Pepsi (0.33 liter bottle): 9.70 HK$
- Water (0.33 liter bottle): 8.08 HK$
- Milk (regular), (1 liter): 22.75 HK$
- Rice (white), (1kg): 16.00 HK$
- Eggs (regular) (12): 24.57 HK$
- Local Cheese (1kg): 152.26 HK$
General Job Market:
Economic Overview: Hong Kong maintains a dynamic and growing economy, characterized by low taxation, free trade, and a highly developed financial sector. Despite recent challenges, such as political unrest and the global pandemic, the city's economy remains resilient, with a focus on finance, logistics, and professional services.
In-Demand Fields: The following sectors are experiencing high job growth:
1. Technology: Hong Kong aims to become a leading tech hub in Asia, fostering demand for professionals in artificial intelligence, fintech, and cybersecurity.
2. Healthcare: With an aging population, there is a rising demand for healthcare professionals, especially in nursing and elderly care.
3. Engineering: Infrastructure projects in Hong Kong continue to drive demand for civil engineers and construction professionals.
4. Sales & Business Development: The influx of mainland Chinese brands is creating opportunities for sales professionals across various industries
Jobless Rate: As of the latest statistics, Hong Kong's unemployment rate stands at around 3.7%, reflecting a competitive job market amidst economic recovery.
Benefits and Considerations:
Work-Life Balance: Hong Kong's work culture typically includes a 5-day workweek with long hours. There is often an expectation of overtime in certain industries, although efforts towards better work-life balance are increasing.
Salary and Cost of Living: Salaries in Hong Kong vary significantly by industry and experience level. Here are some average annual salary ranges (in HKD) for popular professions:
• Finance Sector: HKD 500,000 - 1,200,000+
• Technology: HKD 480,000 - 800,000+
• Healthcare: HKD 300,000 - 600,000+
• Engineering: HKD 400,000 - 800,000+
• Network Architect: HKD 40,000 - $80,000+
• Credit Risk Manager: HKD 400,000 - 800,000+
The cost of living in Hong Kong is high, especially for housing, which may take up a significant portion of income.
Benefits and Perks:
Typical employee benefits in Hong Kong include:
• Mandatory contributions to a Mandatory Provident Fund (MPF) - similar to a retirement plan
• Paid annual leave (typically 14-17 days)
• Statutory sick leave
• Maternity leave
Immigration and Targets
Hong Kong has implemented new immigration policies to attract talent and bolster its workforce:
• New Immigrations Target: Hong Kong aims to attract 100,000 skilled immigrants over the next five years, focusing on technology, finance, and healthcare professionals.
• Pay Scale for In-Demand Profiles:
• Technology: Software engineers and data scientists can expect salaries ranging from HKD 480,000 to 800,000+ per annum.
• Finance: Financial analysts and investment managers may earn between HKD 500,000 and 1,200,000+ annually.
• Healthcare: Nurses and medical specialists typically earn HKD 300,000 to 600,000+ per year, depending on specialization.
• Engineering: Civil engineers and construction managers earn around HKD 400,000 to 800,000+ annually.
These figures are indicative and can vary based on qualifications, experience, and the specific employer.
Hong Kong offers a vibrant job market with opportunities across various sectors. While the cost of living is high, competitive salaries and a dynamic economy attract professionals from around the globe. The city's immigration policies further support talent acquisition, aiming to strengthen key sectors and promote economic growth. For anyone considering working in Hong Kong, understanding these factors can provide valuable insight into career prospects and expectations.
In recent years, Hong Kong, with its international market and specific trade policies, has become a very suitable market for the world. Hong Kong is very close to China, so Chinese products are everywhere and people from all over the world move to Hong Kong to do business or work on such products. Hong Kong is a thriving tourist destination, and its tourism industry is as strong as anywhere else. When you visit or travel to Hong Kong, you will meet people from all over the world who travel there and have fun. Hong Kong's nightlife is very luxurious and lively. These are the few things that attract people from all over the world to Hong Kong.
If you want to immigrate to Hong Kong, this is a good choice. There are many opportunities in international and local business, such as tourism B., the hotel is one of the best options for work. 80% of its income comes from Hong Kong tourism. So you can imagine how possible.
As always, we recommend our readers and others planning to move to Hong Kong to seek out a Hong Kong immigration consultant in India as they are professionals who understand all your immigration and visa requirements.
We are one of the best immigration consultants in Hong Kong. We provide our clients with complete immigration and visa procedures. Our experts are very professional and have good experience in the industry and they have a better understanding of the whole process.
Experts accompany you every step of the way. Our service and success rate make us one of the best Hong Kong immigration consultants in Delhi. Our experts will guide you to prepare your profile and make every effort to create a solid file for your application. Once your immigration application is approved, you will need to apply for a visa again and our specialists will help you obtain a visa and handle the visa process for you. After completing immigration and visa procedures, you can board your flight to Hong Kong. Once you are done with your immigration approval and visa you are all set to take your flight to Hong Kong.
