Economic Activities Flashcards
The four traditional pillar industries of Hong Kong are A.
A Financial service,Tourism, trading and Logistics and Professional services.
According to the Tourism Commission, in 2015, A continued to be the largest visitor source with 45.8 million arrivals, accounting for about B % of the total arrivals.
A mainland China
B 77
The Central Government places great importance on Hong Kong, and the National 12th Five-Year Plan announced in 2011 has endorsed this by mapping out Beijing’s backing for Hong Kong as an international financial, A and shipping centre, and its development into an international asset management and offshore B business centre, as well as C goods inventory management and regional distribution centre.
A trading
B Renminbi / RMB
C high-value
Hong Kong is quickly becoming a regional wine A in Asia.
A trading and distribution hub
The A which was enacted in June 2012, became fully operative on 14 December 2015
A Competition ordinance
To facilitate Hong Kong as a trading and distribution hub for the region, the Hong Kong governement has signed co-operation agreements with 13 major wine producing countries/regions, including A.
VArious wine promotional activities, including seminars, wine tastings, receptions and B, also take place in Hong Kong
A France
B food pairing
The financial industry is one of the pillar industries of Hong Kong. Financial services include A, B, C, D and other related sectors
A banking
B insurance
C securities and futures
D asset management
According to the World Federation of Exchanges, Hong Kong’s stock market was the A largest in the world and the B largest in Asia in terms of market capitalisation as at the end of 2015
A fifth
B third
Hong Kong was the world’s A and Asia’s B largest baking centre in terms of external positions in the Bank for International Settlements Quarterly Review for the end of 2015 position.
A seventh
B second
In 2016, Hong Kong was ranked the world’s A competitive economy by the International Institute for Management Developement
A most
Hong Kong has been ranked first in terms of A for 22 years (1995-2016) according to the Heritage Foundation
A economic freedom
In 2016, Hong Kong ranked the A easiest place to do business in the world according to the World Bank’s Doing Business Report. Hong Kong has also been conferred the B credit rating by Standard and Poor’s.
A fifth
B triple-A / AAA
Hong Kong’s tax system is simple and tax rates and the cost of administration are low. For the fiscal year 2015/2016, the five major sources of revenu were A, B, land premium, C and investment income (listed in ranl order)
A profits tax
B stamp duties
C salaries tax
According to the government yearbook 2015, Hong Kong has become one of the most A economies in the world. In 2015, B% of the total employment was in this sector
A service-oriented
B 88.4
The small and medium enterprises play an essential role in the economic development of Hong Kong. They make up about A% of Hong Kong firms and account for nearly B% of the private sector employment in Hong Kong
A 98
B 50
Creative industries help to increase the innovation capacity of the economy and can be a powerhouse for future economic growth. Hong Kong has developed a leading edge in key areas of creative industries like A, B, C, D, architecture, comics and animation, games and digital entertainment, etc.
A film
B television
C music
D design
One hour ‘living circle’ - a combination of ongoing infrastructure and transport projects aims to reduce interconnected travel times between Hong Kong, Shenzhen, and other cities of the A region to just one hour.
A Pearl River Delta
The A bridge linking the three cities is nearly 50 km long, with 6.7km of tunnel with dual 3 lane highways.
Upon completion, the travel time between Hong Kong and Zhuhai will be cut to B minutes.
A Hong Kong-Zhuhai-Macao
B 30
The A bypass is a new strtageic trunk road running along the nothern shore of Hong Kong island. It is a B km long dual three lane trunk road consisting of a length of 3.7km tunnel from Central Rumsey Street flyover, extending to the vicinity of City Garden at North Point, and finally connecting to the Island Eastern Corridor.
A Central-WanChai
B 4.5
As to the extension of the MTR system in Hong Kong, the West Island Line, the A Line extension and South Island Line have been opened; while the B link is expected to be completed in 2021
A Kwun Tong
B Shatin to Central
Though Hong Kong is a cosmopolitan city, there is still local agriculture. In 2015, the local agriculture industry produces HK$ A worth of produce comprising crop production, livestock production and poultry production.
A 945 million
In Hong Kong aquaculture includes A.
A marine fish culture, pond fish culture and oyster culture.
