Wednesday, June 30, 2010

International Financial Centre in Hongkong

Hong Kong is one of the world's foremost financial centers. Its highly developed capitalist economy has been ranked the freest in the world by the Index of Economic Freedom for 15 consecutive years.The Government of Hong Kong plays a inert role in the financial industry, mostly leaving the direction of the economy to market forces and the confidential sector. Under the official policy of "positive non-interventionism",

Hong Kong is often cited as an example of laissez-faire capitalism.
Hong Kong complete to become a financial centre in the 1990s, but was greatly affected by the Asian financial crisis in 1998, and again in 2003 by the SARS outbreak Hong Kong's exports consist of re-exports, which are harvest made outside of the territory, especially in mainland China, and distributed via Hong Kong.

Even before the transfer of sovereignty, Hong Kong had recognized wide trade and investment ties with the mainland, and now enables it to serve as a point of entry for investment flowing into the mainland.

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