Economies of China and Hong Kong

Economies of China and Hong Kong
Essay assignment 2

Topic: Hong Kong and Shanghai: Competitors or Complements?

Group members: Lee Ka Yee 51838890
            Wai Tan Ha 51803607
    Lui Chi Kwan 51821348
    Leung Siu Hong 51839339

Table of content
  1. Foreword
  2. Background information of Hong Kong and Shanghai
  3. Comparison between Hong Kong and Shanghai financial markets
      * Geographic, infrastructure and the social factors
      * Policy and system in financial market
  4. Future of the two cities
      * Future development of Shanghai: Becoming the International financial centre
      * Future development of Hong Kong
        i. Development in six major industries
        ii. Maintaining the four traditional pillar industries
  5. Criticism of Hong Kong and Shanghai future development
  6. Conclusion

Foreword
This essay is going to introduce the two international financial markets in Hong Kong and Shanghai. It goes through the history, present and future forecasting. In addition, it will focus on the comparison of the markets and the future role in the financial sectors in Asia. There are rooms for cooperation between them but also conflicts. In the last part, it would introduce the development of Hong Kong and Shanghai respectively.
Background of the two cities
  1. Basic information of Hong Kong
Hong Kong Island was first occupied by British forces in 1841, and then formally ceded from China under the Treaty of Nanjing at the end of the war. Hong Kong remained a colony of the United Kingdom until 1997 when it was returned to China. Because of it geographical location, well-developed legal and taxation system, free market economy and a large pool of well-educated manpower, Hong Kong is known as one of the world's leading financial capitals also a major business and cultural hub.
  2. Basic information of Shanghai
Shanghai is the largest city in China in terms of population and one of the largest... [continues]

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