Hong Kong people in Shanghai

Hong Kong people in Shanghai form a rapidly growing population. Though 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. 60.2% worked 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. [citation|periodical=China Business Alert|publisher=Trade Development Council|publication-place=Hong Kong|url=http://www.tdctrade.com/alert/cba-e0412g-3.htm|date=December 2004|title=More Hong Kong Residents Work in Shanghai|accessdate=2007-09-06] [citation|periodical=People's Daily|title=3000多香港人在上海就業 (Over 3000 Hong Kong people pursue work in Shanghai)|date=2003-09-12|accessdate=2007-09-06|url=http://tw.people.com.cn/BIG5/14810/14860/2085346.html|language=Chinese] 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.citation|title=上海就業 ﹣ 民營企業有可為 (Job-seeking in Shanghai: Possibilities with privately-owned enterprises)|periodical=Recruit! Magazine|publication-place=Hong Kong|url=http://www01.recruitonline.com/central/full_article.jsp?lang=big5&category_issue=TUE&article_id=000132A0-C272-1EB9-90F001310A01B4F2|date=May 2003|issue=376|accessdate=2008-03-13]

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. [citation|url=http://finance.jrj.com.cn/news/2007-08-31/000002622319.html|date=2007-08-31|accessdate=2007-09-06|title=香港人在上海拿薪水要人民币 (Hong Kong people in Shanghai want their salaries in renminbi)|periodical=Shanghai Jinrong Bao|accessdate=2007-09-06] In order 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. [citation|periodical=Sing Tao|publication-place=Hong Kong|date=2006-08-03|accessdate=2008-01-04|title=港澳臺人士上海購房一證一房 香港人或可買三套 (Hong Kong, Macau, and Taiwan people can buy one house each in Shanghai; Hong Kong people might be able to buy three houses)|url=http://www.singtaonet.com:82/chinafin/t20060803_292340.html]

Associations representing the population include the Hong Kong Chamber of Commerce in Shanghai, established in 1996; as of 2007, it had roughly 700 members. [citation|periodical=Ta Kung Pao|publication-place=Hong Kong|date=2007-01-15|accessdate=2008-01-04|title=港商會在滬舉行10周年慶典 (Hong Kong Chamber of Commerce in Shanghai holds 10th anniversary celebration)|language=Chinese|url=http://www.takungpao.com:82/news/07/01/15/ZM-678755.htm] [citation|periodical=Sina Finance|date=2007-05-28|accessdate=2008-01-04|last=Zhang|first=Junlan|coauthors=Huang Qingyan|title=沪港经贸合作 十年成就港人事业梦想 (Shanghai-Hong Kong economic cooperation: attaining Hong Kong people's career dreams in ten years)|language=Chinese|url=http://city.finance.sina.com.cn/city/2007-05-28/86849.html] The 2006 television series "A Beautiful New World" (美丽新天地), starring Kristy Yang and Fan Bingbing, is among the better-known portrayals in popular culture. [citation|url=http://ent.163.com/ent/editor/tv/050601/050601_417862.html|title=“香港人在上海” 杨恭如范冰冰演起“情敌” ("Hong Kong people in Shanghai": Kristy Yang, Fan Bingbing play rivals in love)|date=2005-06-01|last=Ren|first=Yan|periodical=NetEase Entertainment News|accessdate=2008-01-04]

References

Further reading

*citation|title=香港人在上海 (Hong Kong people in Shanghai)|last=Kong|first=Ngon-luk|publisher=|id=ISBN 962-8747-64-9|publisher=Economic Digest Publishing Ltd.|date=December 2001
*citation|title=滬港雙城記 (Shanghai and Hong Kong: A Tale of Two Cities)|last=Kong|first=Ngon-luk|publisher=|id=ISBN 962-8747-63-0|publisher=Economic Digest Publishing Ltd.|date=December 2001
*citation|journal=Wugang Jingji|date=2001|volume=5|accessdate=2008-01-04|last=Wang|first=Huilan|coauthors=Chen Jie|title=一个香港人在上海的创业故事 (A Hong Kong person in Shanghai's entrepreneurship story)|language=Chinese|url=http://scholar.ilib.cn/Abstract.aspx?A=hgjj200105011
*citation|periodical=Economic Digest|date=2001-09-22|accessdate=2008-01-04|title=香港人在上海推廣香港 (Hong Kong people promote Hong Kong in Shanghai)|language=Chinese|url=http://www.tdctrade.com/sme/chinese/shanghai13.htm