Hong Kong - E-Services

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Last updated: 8 Dec 2007 Update History

Report Status: Archived

Report Pages: 10

Analyst: Paul Budde

Synopsis

While the development of e-commerce in Hong Kong has been strongly supported by government policy and legislation, the approach has been somewhat laissez-faire. The biggest boost has been via the strong general development of the Internet. After a period of sluggish growth, e-commerce has been starting to grow rapidly, particularly in the area of online banking and financial services. The adoption of the Electronic Transaction Ordinance in 2000 was an important regulatory development, allowing as it did the application of digital signatures, with electronic records and digital signatures having the same legal status as paper-based counterparts. This report covers Hong Kong’s e-commerce market.

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