Proceedings of 2024 6th International Conference on Economic Management and Cultural Industry (ICEMCI 2024)

<Previous Article In Volume
Next Article In Volume>

Evolution of Hong Kong International Center and Future Development Trends

Authors
Beier Lu1, *
1The University of Nottingham Ningbo China, Business School China, Ningbo, 315100, China
*Corresponding author. Email: biybl15@nottingham.edu.cn
Corresponding Author
Beier Lu
Available Online 24 January 2025.
DOI
10.2991/978-94-6463-642-0_16How to use a DOI?
Keywords
International Financial Center; Hong Kong; Financial Industry; Economic Development
Abstract

In today’s global economy, finance plays an increasingly important role and has gradually become the flagship of any country’s economic system, or even its cornerstone. Growth and development of Hong Kong as an international financial center are inextricably linked to a highly open and transparent economy and an environment of fair and free competition. An analysis is provided in this paper of the growth and development of Hong Kong as an international financial center, a comparison is made of the similarities and differences that exist between Hong Kong and London, Tokyo, and Singapore, and a conclusion is drawn. Lastly, it makes a prediction regarding the future development of the Hong Kong financial industry. According to this study, Hong Kong’s development as an international financial center began before the 1970s and has continued to this day. In comparison with London, Tokyo, and Singapore, Hong Kong’s development is distinguished by its background and its use of means. This paper forecasts that Hong Kong’s securities market will continue to develop positively in the future and that the financial industry will be transformed and upgraded. Nevertheless, Hong Kong’s financial sector may also experience fluctuations.

Copyright
© 2025 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.

Download article (PDF)

<Previous Article In Volume
Next Article In Volume>
Volume Title
Proceedings of 2024 6th International Conference on Economic Management and Cultural Industry (ICEMCI 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
24 January 2025
ISBN
978-94-6463-642-0
ISSN
2352-5428
DOI
10.2991/978-94-6463-642-0_16How to use a DOI?
Copyright
© 2025 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.

Cite this article

risenwbib
TY  - CONF
AU  - Beier Lu
PY  - 2025
DA  - 2025/01/24
TI  - Evolution of Hong Kong International Center and Future Development Trends
BT  - Proceedings of 2024 6th International Conference on Economic Management and Cultural Industry (ICEMCI 2024)
PB  - Atlantis Press
SP  - 146
EP  - 160
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-642-0_16
DO  - 10.2991/978-94-6463-642-0_16
ID  - Lu2025
ER  -