CCTV.com - CNTV English - CCTV News

HK remains best place for business

06-26-2012 14:23 BJT Special Report:Hong Kong 15 Years |

Watch Video

Play Video

15 years after its return to China, Hong Kong remains the best place in the world for business.

Towering ambition--the International Finance Center is one of Hong Kong’s most prominent landmarks -- rising more than 400 meters into the sky.

It’s the vision of real estate tycoon Lee Shau-kee. In 1997 before the handover, he was named the fourth richest man in the world, the top Chinese on the list. He says the ranking consolidated confidence in Hong Kong’s business environment.

Lee said, "It’s an honor for me, and also for Hong Kong, as well as China."

Last year, Bloomberg rated Hong Kong as the best place for business due to its free market policies and low corporate taxes, as well as being the gateway to the world’s most populous nation. Quite a triumph, considering the return to China had stoked concern that its role as an international financial center would slide.

And the city’s capital markets are powering the city’s commercial activities.

Reporter: "The Hong Kong Exchange is one of the world’s largest stock exchanges. Last year it topped global markets with 28 billion US dollars of IPOs. Now more than 1500 companies are listed here, and average daily turnover reaches nearly 9 billion US dollars."

A senior exchange official explains why the market attracts public listings of world companies.

Today’s skyline is dominated by 112 buildings that stand taller than 180 meters. In some way they are monuments to Hong Kong’s business momentum and rising economy.

 

Editor:Zhang Rui |Source: CNTV.CN

Hot Videos view more
Hot Stories more

Embassy: 2 Chinese nationals aboard capsized S Korean ship

The Chinese embassy in Seoul has confirmed two Chinese citizens were on board the ferry. Staff from the embassy has visited their families. Of the ferry’s 475 passengers, 9 have been confirmed dead. 179 people have been rescued and 287 are still missing.

Eight dead, 14 hurt in fatal highway accident in S. Philippines

Eight people were killed and over a dozen others were injured when a wayward truck plowed to several vehicles along a national road in this southern Philippine city over the weekend, police said Sunday.

Fmr Egyptian president accused of ordering killing of activists

Morsi is accused of ordering the killing of activists on December 5th 2012. The brief session was televised, but some Egyptians are beginning to lose interest in the drawn out trial.

More Video News

Choose TV Program