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A Services Economy
Hong Kong has a burgeoning and sophisticated services economy:
More than 80% of GDP derived from services
Nearly 80% of all jobs in services sector
World's 9th largest exporter of services, second only to Japan in Asia
Prominent financial sector - second largest stock market in Asia; fourth largest banking centre; fifth largest foreign exchange market
Most popular tourist destination in Asia
One of the world's most prolific film and entertainment production centres
The government strives to put in place the right policies and programmes to promote Hong Kong as the pre-eminent regional services centre:
A dedicated Business and Services Promotion Unit to support and co-ordinate government initiatives
A Services Promotion Strategy Group - comprising leading businessmen, prominent academics and senior government officials - meets quarterly to spearhead services promotion strategies
An annual Action Agenda to ensure timely implementation for priority initiatives. Agenda items for 1997-98 include studies on manpower and training needs, a new business park and additional convention facilities
On-going publicity campaigns to reinforce international recognition and foster local understanding
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