Hong Kong Credit Insight 3: Office Location is Part of a Credit Check

When Western business people first come to Hong Kong, they always wonder why most companies are located in the prime area of the city. Is the office location related to a company's credit?

When Western business people first come to Hong Kong, they always wonder why most companies are located in the prime area of the city. Is the office location related to a company's credit?
Since property cost (either purchase or rental) is relatively high in Hong Kong, the local business pays much attention to where its trading partner is located. A company that is located in a Grade A office building, in general, gains more trust from its trading partner than one that is located in an old industrial building. This is another reason why Hong Kong companies tend to move to better office buildings. Otherwise, their trading partners will question if they are facing to any potential financial problem.

In addition, there are multinational companies do not care about this, and move to a sub-urban area. The first challenge they face to is hard to hire people. Candidates with talent simply do not want to apply for the jobs located outside of the prime area.

This Credit Insight is an extract from the book Happy Customers Faster Cash, Hong Kong Edition and on sale at Amazon.

A guide to effective communication in financial Customer Relationship Management with a focus on compliance and credit management for Hong Kong companies. A chapter is dedicated to discussing various aspects of Hong Kong company credit reports.
#HongKong #credit #CreditReport #FaBuTX