Wong Tai Sin Temple and gardens..gorgeous gardens filled with incense, bonsai plans, all the 12 Chinese zodiac sculptures, beautiful gardens,
The year of the Horse 2014
Professor Terrill Frantz from Peking University HSBC Business School shares his inisghts and perspectives..
HK has 7.8 million people
Housing a huge problem
2 families per apartment
Very cramped here
Real estate very expensive if you live like westerner.
15% payroll flat tax at end of year..you can also pay your taxes at the ATM.
Internet blocking …certain places have higher levels of clearance. Cloud computing is a huge opportunity for the future.
Number one recreation in HK is Hiking number 2 is Horse Racing Very important to the Department of Revenue . HK Lottery run by the Jockey Club.
30% of population is Ex Pats.
Currency is 7.75 to the US Dollar.
Mainland RMB 6.1 to the US Dollar.
RMB is becoming the Reserve Currency. This could be a supply demand issue in the future for the US Dollar. Could force our interest rates up. The Dollar has been a monopoly for 100 years.
Here at the Peak (Victoria Peak) is some of the most expensive real estate in the world.
The Peak …awesome views
Group photo at The Peak
Our awesome WM hosts Julie Hummel and Deborah Hewitt