e-magazine
The Hot Zone
China's newly announced air defense identification zone over the East China Sea aims to shore up national security
Current Issue
· Table of Contents
· Editor's Desk
· Previous Issues
· Subscribe to Mag
Subscribe Now >>
Expert's View
World
Nation
Business
Finance
Market Watch
Legal-Ease
North American Report
Forum
Government Documents
Expat's Eye
Health
Science/Technology
Lifestyle
Books
Movies
Backgrounders
Special
Photo Gallery
Blogs
Reader's Service
Learning with
'Beijing Review'
E-mail us
RSS Feeds
PDF Edition
Web-magazine
Reader's Letters
Make Beijing Review your homepage
Hot Links

cheap eyeglasses
Market Avenue
eBeijing

Video
Special> 15th Anniversary of Hong Kong's Reunification With China> Video
UPDATED: June 27, 2012
HK Remains Best Place for Business
Share

Fifteen years after its return to China, Hong Kong remains the best place in the world for business.

Towering ambition -- the International Finance Center is one of Hong Kong's most prominent landmarks -- rising more than 400 meters into the sky.

It's the vision of real estate tycoon Lee Shau-kee. In 1997 before the handover, he was named the fourth richest man in the world, the top Chinese on the list. He said the ranking consolidated confidence in Hong Kong's business environment.

Lee said, "It's an honor for me, and also for Hong Kong, as well as China."

Last year, Bloomberg rated Hong Kong as the best place for business due to its free market policies and low corporate taxes, as well as being the gateway to the world's most populous nation. Quite a triumph, considering the return to China had stoked concern that its role as an international financial center would slide.

And the city's capital markets are powering the city's commercial activities.

The Hong Kong Exchange is one of the world's largest stock exchanges. Last year it topped global markets with $28 billion of IPOs. Now more than 1500 companies are listed here, and average daily turnover reaches nearly $9 billion."

A senior exchange official explains why the market attracts public listings of world companies.

Today's skyline is dominated by 112 buildings that stand taller than 180 meters. In some way they are monuments to Hong Kong's business momentum and rising economy.

(CNTV.cn June 26, 2012)



 
Top Story
-Protecting Ocean Rights
-Partners in Defense
-Fighting HIV+'s Stigma
-HIV: Privacy VS. Protection
-Setting the Tone
Most Popular
 
About BEIJINGREVIEW | About beijingreview.com | Rss Feeds | Contact us | Advertising | Subscribe & Service | Make Beijing Review your homepage
Copyright Beijing Review All right reserved