STUDY BY : APURBA, YANA & ADI

OVERVIEW v  Colonised by the British in 1841

v  Became the Hong Kong Special Administrative Region (SAR) of the People’s Republic of China on 1 July, 1997

v  Works under China’s “one country,

two systems” formula v  No imposition of China’s socialist

economic system v  High degree of autonomy in all

matters except defense and foreign affairs for the subsequent 50 years

GEOGRAPHY v Composed of more than

200 islands v Total area - 1104 sq km v Land boundary - 30 km v Coastline - 733 km v Weather - subtropical v Deep natural harbour

DEMOGRAPHICS

v  Total population - 7,112,688 (approx.)

v  Ethnic groups - Chinese (93.1%),

Indonesian (1.9%), Filipino (1.9%), Other (3%)

v  Languages - Cantonese (89.5%), English (3.5%), Mandarin (1.4%), Other Chinese dialects (4%), Other (1.6%)

12,10% 11,50%

49,60%

14,70%

14,40%

Age

0-14 15-24 15-54 55-64 65-Above

Dependency Ratio: Total - 34.6% Youth Dependency Ratio - 15.8% Elderly Dependency Ratio - 18.9% Population Growth Rate - 0.41% Education expenditures - 3.5% of GDP (approx.) Literacy Rate - 93.5% Unemployment Rate (between ages 15-24) - 9.3%

ECONOMY v Biggest global financial

centre after London and New York

v GDP - $404.892 billion v GDP per capita - $52,700 v GDP growth rate - 3% v GDP composition (by

sector of origin) v Revenues - $59.33 billion v Expenditures - $54.23

billion v Inflation rate - 4.3% v Exports - $486.1 billion v Imports - $514.5 billion

6,90%

93,10%

GDP Composition by sector

Agriculture Industry Services

HONG KONG ADVANTAGES AND OPPORTUNITIES I III

IV II

World’s 3rd Largest Art Market by Auction Sales: v  Sotheby’s and Christie’s

record-breaking sales. v  Presence of International

galleries :Gagosian Gallery, White Cube and Edouard Malingue Gallery

Buoyant Market: v  3.4 million high net worth

individuals v  562,400 in Mainland China and

180,000 are in Hong Kong

Simple and low tax:

v  one of the world’s lowest and simplest tax systems.

v  Corporate profits tax is 16.5% and personal salary tax 15%

World Class Logistics: v  world’s most efficient

transport and logistics networks.

v  world-class international airport.

v  world’s busiest container ports.

MUSEUMS v  The Hong Kong Arts Centre v  The Hong Kong Museum of Art

v  The Hong Kong Visual Arts Centre v  The University Museum & Art Gallery

ART FAIRS

v  Asia Hotel Art Fair 22-24 February 2014 www.hotelartfair.kr

v Affordable Art Fair 15-17 March 2014 www.affordableartfair.com

v Art Basel Hong Kong 23-26 May 2014 www.artbasel.com

v  Asia Contemporary Art Show 23-26 May 2014 (Spring Edition) 3-6 October 2014 (Fall Edition) www.asiacontemporaryart.com

v - Fine Art Asia 4-7 October 2014 www.fineartasia.com

BUYING, SELLING AND OWNING ART

In addition to the local galleries, international well established, emerging and new and art galleries took Hong Kong as another main playground :

White Cube (UK) Gallerie Perrontin (FR) Simone Lee (UK)

Gagosian Gallery (UK) De Sarthe (FR) Ben Brown (UK)

FROM PHYSICAL TO ONLINE

Traffic: 30,000 visitors per month Reach: International Good for: Serious buyers

Traffic: 300 visitors per day Reach: Mainly local buyers Good for: Collection builders

Traffic: 2,000 hits per day Reach: Mostly Europe Good for: First time buyers

TRANSPORTATION COMPANIES

v Michelle International Transport Company

v  BALtrans International Moving Ltd (BIM)

v  IFAS

COPYRIGHT LAW OF HONG KONG Article 139 The Government of the Hong Kong Special Administrative Region shall, on its own, formulate policies on science and technology and protect by law achievements in scientific and technological research, patents, discoveries and inventions. The Government of the Hong Kong Special Administrative Region shall, on its own, decide on the scientific and technological standards and specifications applicable in Hong Kong. Article 140 The Government of the Hong Kong Special Administrative Region shall, on its own, formulate policies on culture and protect by law the achievements and the lawful rights and interests of authors in their literary and artistic creation. The Copyright Ordinance The Copyright Ordinance (Cap 528), which became effective on 27 June 1997, is Hong Kong's first purely local copyright law. However, the Copyright Act 1956 of the United Kingdom will continue to apply to the protection of copyright of works created before 27 June 1997.

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