hong: As an international financial center, Hong Kong's core competitiveness lies not only in the preferential policies by the central government or the number of companies listed in Hong Kong, but in the cluster effect as a result of the gathering of many professionals like lawyers, accountants, investment bankers and consultants, according to Global Times China. Such transaction-oriented infrastructure and financial ecology have laid a solid foundation for the consolidation and development of Hong Kong's status as a financial center. It then begs a question Will Macao rise to compete with Hong Kong as another global financial center Macao has long been overshadowed by Hong Kong, which indeed has remarkable advantages. By comparison, Macao's disadvantages are also obvious. Also, Macao has long been reliant on the gaming industry. Its area is only about one-fortieth of that of Hong Kong, with its population around one-tenth of that of Hong Kong.
(news.financializer.com). As
reported in the news.
Tagged under hong, transaction-oriented infrastructure topics.