FDI Flows in the Pearl River Delta and Hong Kong
[2023-10-05 04:39:37]
Hong Kong's history is an interesting history and defines Hong Kong as an export-oriented area. Therefore, this section will explore Hong Kong's most important historical development and discuss the impact on economic development. Geographically, Hong Kong is composed of three major regions of China-related regions (New Territories and Kowloon), Hong Kong Island, and Lantau (see pictures). The soil was fertile, and Hong Kong residents were able to capture fish abundantly due to the abundance of the sea (Roberts, Ling, & Bradshaw, 1992).
Hong Kong is located in the southern coastal area of China, adjacent to the Pearl River Delta and South China Sea. Geographically, the total area of Hong Kong is 1,104 square kilometers, of which 262 are Hong Kong (Hong Kong Government GovHK, 2012). With a population of over 7 million people, most people speak Cantonese, but English is still widely used. During the first opium war between 1839 and 1842, Hong Kong was acquired by the Great Empire of the Qing Dynasty (Kan, 2010). After 150 years of British colonial rule, China restored sovereignty over Hong Kong in 1997 (US Department of State, 2012). Hong Kong is under Chinese rule, the Chinese government is responsible for Hong Kong security and diplomacy. However, Hong Kong is recognized as a special administrative district of the People's Republic of China. By doing this, Hong Kong customs and economic agents are reliably separated from other China.
Since Hong Kong returned to China in 1997, HIT is strategically located in the Pearl River Delta region in southern China, so it is an entrance to China. Since the launch of the Chinese reform plan in 1979, the Pearl River Delta economic zone was the most active region in Mainland China. The Chinese government established a special economic zone in Shenzhen in 1979 and provided opportunities for Hong Kong and its container. Although the port benefits from entering China, the development of mainland container port in recent years is challenging HIT
As an international financial center, Hong Kong has established itself as the center of commerce, trade and service throughout the mainland and region. At the same time, Hong Kong and the Pearl River Delta will continue to be major economic engines in South China, will continue to be an increasing wealthy consumer market and a strong regional economy, targeting the world's export markets. Hong Kong has more advantages than other mainland cities and will do so in the future. Strongly regulated financial sector, free coverage, free information flow, low tax and simple taxation system, highly skilled managers with international experience, close to major markets, close to service network companies . Benefits of Hong Kong and business benefits Hong Kong provides support services to the Hong Kong maritime industry, such as export finance, trade documents, logistics.