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Topic 2: Hong Kong’s relationship with the
mainland and its role in Asia-Pacific Rim
SUB-THEME 1 GROWTH AND DEVELOPMENT OF HONG KONG
Chapter 2 Development of Hong Kong into an International City
The Mainland Hong Kong Closer Economic Partnership Arrangement signed2003
Economic and Trade Offices established in Singapore and Sydney1995
The Asia-Pacific Economic Cooperation formed 1989
Economic and Trade Offices established in Tokyo1988
Economic and Trade Offices established in San Francisco1986
The Pacific Economic Cooperation Council formed1980
The Pacific Basin Economic Council formed1967
Period of drought1963-64
Korean War1950-53
Japanese occupied Hong Kong1941
EventEventYearYear
Time Track
Hong Kong’s relationship with the mainland and its role in Asia-Pacific Rim
Hong Kong’s relationship with the mainland and its role in Asia-Pacific Rim
Mutual beneficial relations
Before 1941: The mainland as the largest market and supplier
1941–1945: Sharp drop in trade during the Japanese occupation
1950s–1970s: Reducing exports to China
Since the 1980s: Increasing imports and exports
Major trading partner
Flow of capital between Hong Kong and the mainland
From the mainland to Hong Kong
The strong and reliable financial and legal infrastructures in Hong Kong have attracted a number of mainland corporations to invest in Hong Kong.
More and more Hong Kong industries moved to the mainland.Besides investment, Hong Kong provides technology and management skills for the mainland.
From Hong Kong to the mainland
Hong Kong’s relationship with the mainland and its role in Asia-Pacific Rim
Hong Kong’s relationship with the mainland and its role in Asia-Pacific Rim
Hong Kong obtained water from Dongjiang ( 東江 ).
Helped the mainland raise money.
Signed the Mainland / Hong Kong Closer Economic Partnership. Arrangement (CEPA) 《內地與香港關於建立更緊密經貿關係的安排》
Mutual support between Hong Kong and the mainland
Flow of capital between Hong Kong and the mainland
Hong Kong’s relationship with the mainland and its role in Asia-Pacific Rim
Setting up of departments
Regional cooperation
Hong Kong Trade Development CouncilHong Kong Economic and Trade Offices
The Pacific Basin Economic CouncilThe Pacific Economic Cooperation CouncilThe Asia-Pacific Economic Cooperation
Active role in the promotion of trade
Acting as a financial centre
Acting as a management centre
• Many firms from all over the world set up regional headquarters in Hong Kong, for example, Jardine, Matheson and Company.
Hong Kong’s relationship with the mainland and its role in Asia-Pacific Rim
Deposit-taking companies from over 40 nations72 Licensed banks16 Restricted licence banks 49 Local representative offices 92 Insurance companies from the Asia- Pacific Rim
The End
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