If you are a business student and are considering entrepreneurship, Hong Kong is the place to be. Nobody could have predicted that Hong Kong would eventually become the backbone of this British colony established in 1842, but it did. This small island had only a few villages scattered around at the time, but grew over the centuries to become a commercial business powerhouse under British rule. While the reign of Britain wasn’t all positive, what made this colony unique was a climate of low taxes and flexible regulations. No wonder modern day entrepreneurs seek out Hong Kong as a place to live and play.

Since Hong Kong was handed back to the Chinese government in 1997, it’s now a central force in the burgeoning Chinese economy. A large number of high profile business men have made their mark with entrepreneurship in Hong Kong, like Li Ka-shing -- all by his skills and ambition. A study shows that star entrepreneurs are highly intelligent and well educated, with only 16% of them lacking post secondary education. Many of them also go a step further and do a PhD.