Studies Courses 2010-11
Doing Business in China: The Special Administrative Regions of Hong Kong
The theme of the trip of Hong Kong and Macau is to learn about business
practices in Hong Kong. We plan to visit establishment specializing in a diverse
set of businesses. Specifically, we plan to meet with organizations such as: law
firms dealing with business litigation risks, garment manufacturers, service
outlets, real estate firms, banking, investment houses, universities, and
entertainment industry. The trip will span about 10 days, taking a flight to
Hong Kong, then visit the entertainment industry in Macau (about 45 minutes from
Hong Kong via ferry), and leave out of Hong Kong. There will be several avenues
for combining entertainment with business visits. The tentative plan is to have
arrival in Hong Kong on January 9th (Sunday) and depart January 19 (Wednesday)
back to the US. There will be 2 four hours instruction meeting before the trip
and one upon return. This is a 4 credit class.
Hong Kong and Macau
In the shadows of mountains and towers, Hong Kong goes about its business and
is renowned for its independent spirit, wealth and industriousness. Hong Kong's
unique mix of East and West creates a special and very modern city. Comprised of
Hong Kong Island, Kowloon, the New Territories and the Outer Islands, the Hong
Kong Special Administration Region (SAR), the region is full of bustling
businesses, crowded street markets and luxury malls, and people dining in steamy
dim sum eateries.
On Hong Kong Island, skyscrapers rise against a backdrop of green peaks and
ridges, with Victoria Peak providing a natural backdrop to architectural
landmarks such as I.M. Pei's Bank of China Tower, the modular HSBC Building and
the elegant International Finance Centre. Across Victoria Harbor, Kowloon
competes for attention with the International Commerce Centre -- the tallest
building in the SAR upon completion in 2010 — and tempting consumers with brands
and bargains galore in Tsim Sha Tsui.
Macau is now known as an entertainment and tourism center, easily accessible
by ferry. The island also exports large quantities or toys and textiles. As a
special administrative region, it maintains its own currency, police force and
judicial system, and immigration system.
Hong Kong has been a major trading center since at least 221 BC when the Qin
Dynasty (221 BC -206 BC) brought it under its rule, and by the time of the Tang
Dynasty (618-907) Hong Kong had become a significant trading and military
outpost, benefiting from its strategic position near the Pearl River Delta and
proximity to Guangzhou (Canton). In 1841, the growing port of Hong Kong and its
valuable deep-water harbor were handed over to the British as a result of
concessions wrested from the Qing Dynasty after the First Opium War. After the
Second Opium War in 1860, Kowloon Peninsula was ceded to Britain and in 1898 the
New Territories were leased to the United Kingdom for 99 years.
In 1984 the Chinese and British Governments signed the Joint Declaration that
would return the territory to China effective July 1, 1997. Under the Chinese
slogan "One Country, Two Systems," Hong Kong largely retains its own economic
and social systems, as well as a good deal of its colonial British character.
Macau was the first and last colony in China. Owned and operated by Portugal,
the island was a major trade hub in the mid-1500s. When Macau was returned to
China December 20, 1999 it was one of the most densely populated areas of the
world and the area remains popular as a place to live, work and play.