The Hong Kong Influence in Smart Cards

Published: 7 Jun 2010

By Reuben Foong, Research Analyst, Asia Pacific Smart Cards Practice, Frost & Sullivan

THE CHIMERA ISLANDS

Handed over from the British to the Chinese in 1997, the Special Administrative Region of China, Hong Kong, is technically a part of China. Hong Kong, however, maintains a clearly defined degree of autonomy. Key political alliances within Hong Kong currently remain between an alliance leaning toward Beijing and heavily toward more democracy. Hong Kong's current autonomy ends in 37 years, in 2047. As the only Cantonese-speaking country in the world, Hong Kong carries strong Chinese traditions, some of which are seldom observed in China today, a scenario frequently found in many Chinese Diaspora communities worldwide. The British influence in Hong Kong, however, ingrained into the islands for more than 100 years, is also very evident.

In all areas, Hong Kong carries a very thick culture between ancient Chinese traditions with Western style development that has a distinct British flavour. Leveraging on the best of both worlds, the Chimera Islands of Hong Kong have a lot to be proud of. The dual culture is reflected in all levels of society and function that includes schooling systems, government agencies, armed forces, business conduct, financial services and more. It is also an incredibly dense and very developed nation facing an increasingly ageing population – a common issue in several developed dense countries in Asia Pacific such as Japan and Singapore. An ageing society has long-term ailments such as a lack of skilled labour needed to drive the economy; this is, in part, being remedied with a very open labour market much like the job markets in Singapore, Abu Dhabi and Dubai.

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