m27 Flashcards
What is a global city?
Global city means if a city with a high degree of globalization has a wide range of economic, political, technological, and cultural ties with other places and plays a key role in the co-ordination of different aspects of the world.
What are the measuring indicators of a global city? List out 3.
Business activities, human resources, information exchange, cultural experience, participate in international public domain
Global stock market operates _______________ by ________________________________.
24 hours a day, combining Hong Kong, London, New York
Describe the foreign exchange market in Hong Kong.
Hong Kong has no foreign exchange control and is the freest economy.
Many companies set up their offices in HK as ______________________________________.
About Hong Kong trade, Hong Kong is a _____________, and no ________ to trade, creating large amount and ___________________.
a gateway to enter mainland and asian markets, free port, barriers, varieties of trade
Marine transport?
Hong Kong Kwai Chung container port
Air transport?
Hong Kong International Airport
4 pull factors
The Hong Kong Sar government is highly efficient and clean, the political environment is relatively stable. The rule of law and independence of judiciary are emphasized, HK is a reasonable and harmonious place. Also, HK pressures free immigration policy, people are free to enter and exit HK through some legal procedures. The tax rates and salaries tax in HK is relatively low, people can afford a higher living standard.
3 push factors
In HK, the property prices and rents are very high, transnational people may choose to work in other cities. The air and noise pollution in HK is getting worse, this weakened the competitiveness of HK. Also, the economic and trade on the mainland of China is more open, uniqueness of HK has weakened.
