"Shopping in Hong Kong | AboutHK.Com - more information about HK"

Shopping in Hong Kong have

been categorized from "social activity" to a "serious sport".

It is an important part of the culture and a way of life. Few cities in the world can rival the experience from an economic, business or social standpoint.

Hong Kong"s culture is very much dominated by consumerism. In the early Colonial Hong Kong period, the territory served as a middleman that sold far more than it consumed. Goods were largely sold via mobile hawker units or independent shops, with the majority of trade, utilities, shipping and manufacturing handled by the Hongs. The establishment of banks and deposit institutions allowed people to accumulate savings, and expand their personal finance.

With significant manufacturing outputs, the economy turned around in the 1960s, setting the mall trends in motion. One of the first recognized modern shopping centre was Ocean Terminal. Daimaru opened the flood gate of Japanese goods to Hong Kong in 1966. Deng Xiaoping"s 1978 Open Door Policy also made Hong Kong the definitive gateway to China. The people"s mindset then begin to change from buying necessity to buying luxury.



Food and clothing supplies were always available for sale, but complex goods did not come about until the arrival of major brand name franchises. In the 1970s and 80s, items like air-conditioners, fans and refrigerators were popular items that eased the hot climate. Major increase in consumer spending continued due to the period of explosive economic growth[4].

In the late 1970s, one of the first modern shopping development was The Landmark in Central above the MTR station. In 1984 Cityplaza in Taikoo Shing was also redeveloped. A large architectural project at the time was also to connect Ocean Centre to Harbour City shopping mall in Tsim Sha Tsui. The large mall construction movement continued into the 1990s with Pacific Place, Dragon Centre, Time Square, Plaza Hollywood and Festival Walk. Developments also expanded into the New Territories.


Street merchandise displays


LV branch in Hong Kong

Shopping Highlights

* Hong Kong is renowned for its cuisine.
* Custom tailors
* The latest models of Japanese and European watches
* Hong Kong is the 4th largest exporter of jewelry in the world specializing in Jade and Gold (Chuk Kam)[1].

Shopping Locale

Antiques - Upper Lascar Row, Hollywood Road

Video Games (regular or mod) - Wan Chai, Sham Shui Po

Computers - Wan Chai, Sham Shui Po, Tsim Sha Tsui, Causeway Bay, Kowloon

Modern Fashion - Time Square

Leather Goods - Tsim Sha Tsui

Fortune Advice - Wong Tai Sin Temple

Japanese Items - Sogo

Bargain - Stanley, Shenzhen

Jewelry - ???

Cars - Gloucester Road, Hong Kong

Advantage

Economic

Basic items for sale do not include duty, sales tax or import taxes. Only specific import goods like alcohol, tobacco, perfumes, cosmetics, cars and petroleum products have taxes associated. For companies, there is a 17.5% corporate tax, which is lower than international standards.

Its close proximity to manufacturing plants in China as well as being a free port provide the territory with significant advantages. Large quantities of goods could be manufactured and transported in short periods of time. Imports from Europe, Japan, US and Taiwan also add international flavor to the mix.


Aggressive marketing campaigns are common

Business

Convenience is a given, when most stores are tightly lined up next to one another in close proximity. Tsim Sha Tsui alone offer more than 600 stores. Similar statistics can be drawn from Central and numerous other areas. With its balance of international stores, shopping in Hong Kong could essentially mimic shopping around the world. Though shopping selections are based on a wide scope, ranging from the most ancient to the most hi-tech goods.

Businesses are not always catered to high-end wealthy customers, as plenty of bargains attract regular shoppers. Transportation also ease the shopping experience as MTR subway and taxis allow anyone to get around with no preceding geographical knowledge or drivers license.

Other benefits include a mild winter climate during the 2 most critical shopping seasons in Christmas and Chinese New Year.



Social

Hong Kong is unique in the sense that the population is fully engaged in two very different languages. Having Cantonese derived from the Sino-Tibetan family and English from the Germanic languages family, the territory is capable of communicating with eastern or western shoppers. Merchants will find it handy to open branches in a bilingual territory. While one may argue the proficiency of English in some areas, Hong Kong, Macau and India are the only region on the GDP per capita top 50 with a 50% stake in two very different language families. The law also guarantees both Cantonese and English remain official, so bilingual sales tags, sales person are common.

Cultural openness is also an important factor, as Hong Kong is receptive toward selling merchandise regardless of the origin. Government believes in a hands-off policy, and do not censor, restrict or modify. An example is authentic looking toy guns.

Hong Kong is trendy and moves at a hectically fast pace. One can go shopping at a particular place, only to return a few days later to find the store completely rearranged. To survive stores must stay current, not only in merchandise but presentation.

Criticism

In the mix of competition, Hong Kong do have a reputation for selling counterfeits and fakes. The mishap of paying for items that turned out to be illegitimate is also an ethical problem. Items from bootleg CDs, clothing brands, watches to software have all been forged. The Hong Kong Tourism Board have introduced a plan to identify shops that offer a reliable service via a 300 page book called "A Guide to Quality Shops and Restaurants". Divisions like ICAC have also taken part in the anti-corruption process. On the contrary, bargain hunting has been a controversial issue since local consumers often seek to buy imitation brand-named goods at well below market price value.

Warranties and return policies vary widely depending on stores. A majority will not allow refund or exchanges if the items have been tampered with

List of shopping centres in Hong Kong

This is an alphabetical list of notable shopping centres in Hong Kong.

* Allied Plaza, Prince Edward
* apm Millennium City 5, Kwun Tong
* Chater House, Central
* Citygate, Tung Chung
* Citylink Plaza, Sha Tin
* Discovery Park, Tsuen Wan
* Dragon Centre, Sham Shui Po
* Festival Walk, Kowloon Tong
* Grand Century Place, Mong Kok
* Harbour City, Tsim Sha Tsui
* Island Beverley, Causeway Bay
* International Finance Centre, Central
* The Landmark, Central
* Landmark North, Sheung Shui
* Langham Place, Mong Kok
* Maritime Square, Tsing Yi Island
* Metroplaza, Kwai Fong
* Miramar Shopping Centre, Tsim Sha Tsui
* New Jade Shopping Arcade, Chai Wan
* New Town Plaza, Sha Tin
* Olympian City, Tai Kok Tsui
* Pacific Place, Admiralty
* Pioneer Centre, Prince Edward
* Plaza Hollywood, Diamond Hill
* Prince"s Building, Central
* Sino Centre, Mong Kok
* Sogo, Causeway Bay
* Sun Yuen Long Centre, Yuen Long
* Tai Po Mega Mall, Tai Po
* The In Square, Causeway Bay
* The Sun Arcade, Tsim Sha Tsui
* Times Square, Causeway Bay
* Tuen Mun Town Plaza, Tuen Mun
* Tung Ying Building, Tsim Sha Tsui
* WTC more, Causeway Bay
* Telford Plaza, Kowloon Bay
* Whampoa Plaza, Hunghom
* Worldwide Plaza, Central