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Shanghai, or Hongkong which one would be the financial center of China? [Copy link] 中文

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Post time 2007-4-5 00:23:05 |Display all floors
Shanghai  used to be the economic core of China even within the scope of  the  Far East  areas back in 1940s . At that time Hongkong was just a small coastal village . However Hongkong made it a metroplis and a financial, cargo center among the East Asia while Shanghai lost it connection with the outside world and fell far behind .
   In 1980s , Shanghai has seen the fast catch with  the support of  central Chinese authorities . One slogan shows the Shanghai's orientation saying that Shanghai would be another New York of China and it will stands  for China and East Asia as an international financial center .
   Here the question comes out since Hongkong wants to keep its role as the symbol and get better of any challenger . This issue has got more attention after Shanghai's political shift  happened these days .It's said that Shanghai might lose its fast growth momentum without favorable policies from Central government which means the former goal would not come true . and Hongkong still take the lead in this race .
   what  do you think of this competition , which one would you back up and what causes make you get that conclusion ?
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Post time 2007-4-5 00:30:06 |Display all floors
I guess it all depends on whether or not the mainland manages a soft landing or not. There are too many variables, including energy prices, whether or not the CCP can get to grips with inflation, possible future political unrest on the mainland and in HK etc. that will affect the future of both cities for us to be certain which will be on top in a few decades. At the moment, Hong Kong remains more than twice as wealthy as Shanghai on a per capita basis, although it is undeniable that Shanghai has succeeded in recapturing much of her former glory. Who really can tell?

[ Last edited by irishinuk at 2007-4-5 01:05 AM ]
HK.jpg

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Post time 2007-4-5 00:50:58 |Display all floors
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Post time 2007-4-5 09:23:49 |Display all floors
From what I've heard, HK Has a much better quality of life, with the outlying islands, hills etc.  Shanghai is just a huge sprawl.

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Post time 2007-4-5 10:05:04 |Display all floors

Shanghai&Hongkang

I never go to Hongkang, so no opinion with it, I think they have own characters, Shanghai Biz is maily faced to Mainland and Hongkang is faced to south-east Asia, so they are all the financial center
no pain,no gain

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Post time 2007-4-5 10:23:34 |Display all floors
Both have their own roles; Hong Kong as the sharpest smoothest financial services operator in the world, and Shanghai as the backbone hub of China's financial services; as Shanghai catches up to the Hong Kong's financial sophistication and standard of customer service, she can help in modernising the rest of China's financial services.

The important thing is not just dual roles; it's the interface between them - that interface can create a third role which is unique in the world in its global performance as the biggest and fastest maximiser of funds management and return-on-capital.

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Post time 2007-4-5 10:27:03 |Display all floors

Reply #2 irishinuk's post

Hey Joe!

Hong Kong per capita is 8x that of Shanghai!

Another thingy, isn't it clear to you that
(1) Hong Kong is China's INTERNATIONAL FINANCIAL CENTRE, while
(2) Shanghai is China's New York!


ha ha ha


Green Dragon
God of Prosperity

[ Last edited by greendragon at 2007-4-25 10:34 AM ]

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