Money can be the shell of many things, but it is not the core. Money can bring acquaintances but not friendship. It can bring food but not appetite; it can bring enjoyment but not happiness. The value of money is not in possession but use.
Hong Kong’s financial status still cannot be shaken
With the turbulent situation in Hong Kong, there are many comments in the society that Hong Kong’s financial status is likely to be replaced by Macau. In a practical sense, Hong Kong’s financial status in all countries in the world is irreplaceable, both for the mainland and the world.
Since the reform and opening up of mainland China, Hong Kong has gradually become a window for the world’s capital to converge in mainland China. Although this role has gradually been replaced by other financial centers in recent years, Hong Kong is still the biggest driving force for China to attract foreign investment.
Institutional advantages of Hong Kong
Thanks to the implementation of the “one country, two policies” policy, Hong Kong has maintained its capitalist system intact. This region, coupled with a sound financial system and sound legal protection, has allowed more financial investors to maintain confidence in Hong Kong. Take mainland China as an example. Since the return of Hong Kong to the present, most foreign capital has been remitted into mainland China through the Hong Kong window. In recent years, financial centers in some regions, such as Shanghai and Shenzhen, have developed well. However, in general, Hong Kong’s status in the Mainland of China has not been weakened, and it is second only to New York and London internationally.
Advantages of Doing Business in Hong Kong
The development of Hong Kong’s financial industry has gradually increased the number of financial practitioners. At present, a small number of people in Hong Kong are engaged in financial industry work. Hong Kong’s low tax rate, backed by the richness of mainland China’s resources and manpower, makes Hong Kong’s financial status still unshakable today. Although there will be a certain decline in Hong Kong’s financial activities in the short term, in the long run, Hong Kong’s buffer space is still sufficient to cope with changes in the world’s financial structure and the strengthening of Shenzhen’s financial status.
After reading so much, do you know anything about Hong Kong’s finance? You can learn more about this and don’t panic just because of a little change.