ABSTRACT
Hong Kong was known to the world as “pearl of the orient.” Now it repositions itself as “Asia’s world city” and a gateway to China. Hong Kong is a major hub of Asia and is one of the world’s largest trading economies. This tiny city plays an important role in the global market. Over the past two decades, the Hong Kong economy has tripled with per capita gross domestic product (GDP) more than doubling. Over 60% of the FORTUNE Global 500 companies have a presence in Hong Kong. One of the critical success factors was the founder’s paternalistic leadership style and risk-taking behavior. Hong Kong has been under British rule for 150 years and on July 1, 1997, it was returned to China. What makes Hong Kong unique is the combination of Chinese culture and British bureaucracy.
