Thursday, April 4, 2013

Is Hong Kong suitable to be Asia Switzerland?

As the enceinte banker in Hong Kong Bank, Mr. John made a row about the financial future of Hong Kong in the full(prenominal) hedge dinner of bank craft, he claims that Hong Kong , that we outhouse?t beingness a copy cat of Singapore and Shanhai, barely Switzerland, it is the properly place for Hong Kong to learn and set it as a target.

So, can Hong Kong be the Asian Switzerland? According to the analysis by Mr. John, on that point are lots of similar factors between Hong Kong and Switzerland. For example, both places erect services for the great in-chief(postnominal)land area, services economy and they are the main financial centers which start out a low tax rate. etcetera The main fact that Mr. John motive to mention is, Switzerland nominate up an excellent trademark and well- breached financial centre, which have grow continuously through perfect competition. As Switzerland fulfil a great success in the financial field, but why not Hong Kong?As we all know, there merciful of points of view can meet the actual needs and wants in Hong Kong, also make up a forward expression and direction for Hong Kong to hard working with. In fact, after the great depression during 1997, the economic situation are stay at the stage in a trough and seems can?t recovery in a very short time.

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A lot of advices for example develop high technique addition and employ a lot of cheap labor for stand-in ruction, which are used to help for the speed of the recovery. The most important thing is, Hong Kong have no idea on high technology studies, also without enough professional for job. How Hong Kong can develop a good high technology product? On the other hand, the cost of resources and labors are much larger than Mainland China, how can...

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