Humble opinions on the “marginal talk” of Hong Kong’s economy

DOI

10.2991/978-2-38476-146-3_28How to use a DOI?

Keywords

Hong Kong economy; mainland economic marginalization

Abstract

Since the reform and opening up, through the continuous exploration and unremitting efforts of the people under the leadership of the Communist Party of China, China has made remarkable achievements in economic development. Under the background of economic globalization, China actively leads and advocates the construction of an open world economy. The financial market flow in the mainland is remarkable and attracts a large amount of international funds into the market. The regional urban pattern of China’s economic development has undergone great changes, and the marginalization of local cities has become a normal phenomenon.

As the financial center of Asia, Hong Kong is the largest overseas investment market in mainland China and is very important to China. Through a combination of qualitative and quantitative, this paper analyzes whether the core position of Hong Kong economy will be replaced, combining with the current situation of Hong Kong economy to prove the argument that the demand for mainland financial services and the weakened demand for offshore financial services is a normal phenomenon of social and economic development. As an important financial market in China, Hong Kong’s competitive advantages will continue to serve China’s economic prosperity and development. This paper provides a comprehensive discussion on the development history, theoretical significance, practical value and influencing factors of Hong Kong international financial center, which has certain reference value for promoting the economic prosperity and stability of Hong Kong, promoting the construction of financial center and the coordinated development of the relationship between financial center.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Zhiyuan Chen
PY  - 2023
DA  - 2023/11/29
TI  - Humble opinions on the “marginal talk” of Hong Kong’s economy
BT  - Proceedings of the 2023 8th International Conference on Modern Management and Education Technology (MMET 2023)
PB  - Atlantis Press
SP  - 242
EP  - 249
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-146-3_28
DO  - 10.2991/978-2-38476-146-3_28
ID  - Chen2023
ER  -