Hong Kong people in Shanghai

Hong Kong people in Shanghai form a rapidly growing population. As late as October 2003, there were only 3,432 Hong Kong residents working in Shanghai, according to Shanghai municipal government statistics; however, by December of the following year, that number roughly doubled to 6,680. ^[1]

Employment

60.2% work in the general services sector, 13.9% in manufacturing, 5% in real estate, 5.1% in finance and insurance, and 12.3% in other industries. ^{[1] [2]} Most work in managerial positions; they were either hired in Hong Kong and sent to Shanghai afterwards by Hong Kong or foreign firms, or established their own companies in Shanghai. However, the growth in their population is limited by competition from increasingly well-educated local employees, who demand much lower salaries. ^[3]

With the rise in value of the renminbi, an increasing number of Hong Kong residents working in Shanghai who had previously been paid in foreign currencies such as United States dollars have begun to prefer receiving their salary in local currency instead. ^[4] To control capital inflow, Hong Kong residents living in Shanghai, in common with residents from Macau and Taiwan, are limited to purchasing one house or apartment per Home Return Permit-holder (the so-called "one permit, one house" scheme), but the Shanghai municipal government suggested it may relax this restriction to three houses or apartments per permit-holder. ^[5]

Associations

Associations representing the population include the Hong Kong Chamber of Commerce in Shanghai, established in 1996; as of 2007, it had roughly 700 members. ^{[6] [7]}

In popular culture

The 2006 TVB television series A Beautiful New World (美麗新天地), starring Kristy Yang and Fan Bingbing, is among the better-known portrayals in popular culture. ^[8]

See also

• Shanghainese people in Hong Kong
• The Hongkong and Shanghai Banking Corporation

References

1. "More Hong Kong Residents Work in Shanghai", China Business Alert, Hong Kong: Trade Development Council, December 2004, retrieved 6 September 2007
2. 3000多香港人在上海就業, People's Daily (in Chinese (Taiwan)), 12 September 2003, archived from the original on 3 March 2016, retrieved 6 September 2007
3. 上海就業 ﹣ 民營企業有可為 [Job-seeking in Shanghai: Possibilities with privately owned enterprises], Recruit! Magazine (in Chinese (China)), no. 376, Hong Kong, May 2003, retrieved 13 March 2008^{[ permanent dead link ]}
4. 香港人在上海拿薪水要人民币, Shanghai Jinrong Bao (in Chinese (China)), 31 August 2007, retrieved 6 September 2007
5. 港澳臺人士上海購房一證一房 香港人或可買三套, Sing Tao (in Chinese (Hong Kong)), Hong Kong, 3 August 2006, archived from the original on 10 September 2012, retrieved 4 January 2008
6. 港商會在滬舉行10周年慶典, Ta Kung Pao (in Chinese (Hong Kong)), Hong Kong, 15 January 2007, retrieved 4 January 2008^{[ permanent dead link ]}
7. Zhang, Junlan; Huang Qingyan (28 May 2007). 沪港经贸合作 十年成就港人事业梦想. Sina Finance (in Chinese (China)). Archived from the original on 7 July 2011. Retrieved 4 January 2008.
8. Ren, Yan (1 June 2005). "香港人在上海" 杨恭如范冰冰演起"情敌". 163.com Entertainment News (in Chinese (China)). Retrieved 4 January 2008.

Further reading

• 江岸綠 [Stanley Kong Ngon-luk] (December 2001), 香港人在上海[Hong Kong people in Shanghai], Economic Digest Publishing Ltd., ISBN   962-8747-64-9
• 江岸綠 [Stanley Kong Ngon-luk] (December 2001), 滬港雙城記[Shanghai and Hong Kong: A Tale of Two Cities], Economic Digest Publishing Ltd., ISBN   962-8747-63-0
• Wang, Huilan; Chen Jie (2001), 一个香港人在上海的创业故事 [A Hong Kong person in Shanghai's entrepreneurship story], 沪港经济 (in Chinese (China)), vol. 5, retrieved 4 January 2008^{[ permanent dead link ]}
• 香港人在上海推廣香港, Economic Digest (in Traditional Chinese), 22 September 2001, retrieved 4 January 2008