Hong Kong should increase its population by more than 40 per cent to 10 Million

[HongKongDisneyland]

Hong Kong chief wants population rise to 10 Million



Hong Kong should increase its population by more than 40 per cent to 10m to match the power of New York and London as global financial centres, according to Donald Tsang, its chief executive.


“We must not allow the population to age and then shrink. We must grow in order to be competitive,” Mr Tsang said in an interview with the Financial Times. “We have the fundamentals, like New York and London, to create a global financial centre and a reasonably good living for 10m people here.”

The proposed increase in population, which Mr Tsang stressed was a long-term vision, is likely to be criticised by environmentalists. Speaking before the 10th anniversary of Hong Kong’s return to China by Britain, Mr Tsang said the territory needed to boost immigration and education and invest in infrastructure for the sake of its status as a financial centre.
.....................................

Mr Tsang said Hong Kong had to “move up the governance scale so that we are in the same rank as New York and London, distancing ourselves completely from the likes of Singapore or Shanghai or everybody else where they are still very much a territorial market”.
Earlier this year, the government of Singapore, said it wanted to increase its population by a similar percentage from 4.5m to 6.5m over the next decade.

Source (for more details): FT Asia Pacific


GuangDong province alone is the most populated province in Mainland China right now.

An opportunity for Disney to speed up expansion.

[mclubber]

Isn't it already 10 million when you included the population of Shenzhen and Macau? It holds one of the densest population areas in the whole world.

[TDR_Fan]

They forgot to list Tokyo. It's common knowledge that the 3 global cities (and command centers for the global economy) are New York, London, and Tokyo.

[HongKongDisneyland]

They forgot to list Tokyo. It's common knowledge that the 3 global cities (and command centers for the global economy) are New York, London, and Tokyo.

China is going to surpass Japan to be the biggest economy in Asia sooner or later.


Tokyo won't make it to the top.

if you read the latest articles from UK, Hong Kong is listed as city with most potential to be No. 3 Global Financial City after London and New York. Singapore is 4th on the list. and Tokyo is way behind.

Isn't it already 10 million when you included the population of Shenzhen and Macau? It holds one of the densest population areas in the whole world.

If Shenzhen and Macau are included, population might be close to or ever over 20 million.

[TDR_Fan]

China is going to surpass Japan to be the biggest economy in Asia sooner or later.


Tokyo won't make it to the top.

if you read the latest articles from UK, Hong Kong is listed as city with most potential to be No. 3 Global Financial City after London and New York. Singapore is 4th on the list. and Tokyo is way behind.

Really? Everything I've read indicates that Japan is the most economically powerful country in Asia and always will be.

http://press.princeton.edu/titles/6943.html

[TDR_Fan]

Here's futher proof that Tokyo is the richest city in the world and will be for many years:

11 March 2007: Greater Tokyo stands unrivalled in the world. For many years to come, the Japanese capital together with its surrounding urban areas will remain the richest and largest city in the world. Research published by PricewaterhouseCopper (PWC) in March 2007 places the Japanese capital at the top of the world’s richest cities between 2005 and 2020. In its own research on the world’s largest cities between 2006 and 2020, City Mayors also ranks Tokyo number one in the world.

Richest cities and urban areas in 2020 based on GDP:

1. Tokyo
2. New York
3. Los Angeles
4. London
5. Chicago

Article: http://www.citymayors.com/statistics...gdp-intro.html

[DisneySeaFan]

Why is everyone forgetting Shanghai?

[TDR_Fan]

Top 5 Global Command Centers Based on Corporations, Banks, Telecommunications, and Insurrance Agencies:

1) Tokyo
2) Paris
3) London
4) New York
5) Beijing

[HongKongDisneyland]

Really? Everything I've read indicates that Japan is the most economically powerful country in Asia and always will be.

http://press.princeton.edu/titles/6943.html

outdated !

that book was 1st published at 1991. the latest edition was published at 2001.

[TDR_Fan]

Look at the other sources I've provided. They were published this year.

[TDR_Fan]

I just wanted to add that by monetary volume, the Tokyo Stock Exchange is the second largest stock exchange market in the world. Something you might want to take into account when judging Japan's economic power. And don't forget the Japan-Europe Relations either.

[HongKongDisneyland]

Look at the other sources I've provided. They were published this year.

I was referring to "Global Financial Centres".

City launches new Global Financial Centres Index (GFCI)

15 March 2007

New research has established, for the first time, an index of competitiveness between 46 of the world’s financial cities.

The Global Financial Centres Index (GFCI), launched today, shows London and New York as the only two truly global financial centres, well ahead of the two Asian centres of Hong Kong (3rd place) and Singapore (4th place). Zurich is in 5th place, just ahead of Frankfurt.


London is currently ranked ahead of New York by five points and leads in all five areas of competitiveness – people, business environment, market access, infrastructure and general competitiveness.

Ranking:
1. London
2. New York
3. Hong Kong
4. Singapore
5. Zurich
6. Frankfurt
7. Sydney
8. Chicago
9. Tokyo
10.Geneva

It also highlights the changing nature of Asian financial market, with Hong Kong rated third and considered to be a real contender to become a global financial centre. Singapore falls in fourth place, with the emerging markets of Shanghai (24th place) and Beijing (36th place) some way further down the table.

Source : City Of London

On Asia: Developing a global financial centre in Asia
By Sunny Tucker
Friday Mar 16 2007 13:10



The index is produced by the Z/Yen research consultancy and was sponsored by the Corporation of London, which provides local government services for the City of London.


On a scale of one to 1,000, London pips New York by five points, with a top score of 765.


The UK capital leads the Big Apple in all five areas that underpin the rankings: people, business environment, market access, infrastructure, and general competitiveness.


The index brings together the results of online surveys with several hundred financial services executives and 47 separate indices of competitiveness.
It asserts that the two cities boast the only "global" financial centres, while Hong Kong, which ranks third overall, is deemed the world's only "international" financial centre.



......................

Asia does hold four of the top 10 positions, with Hong Kong ranked third with 684 points, followed by Singapore (fourth), Sydney (seventh) and Tokyo (ninth).
Hong Kong scores very highly on people factors, having developed strong expertise in professional services.
Many people may not be aware that Hong Kong boasts the fourth highest number of chartered financial analysts in the world behind the US, Canada and the UK.



.........................

Can any Asian financial centre rise to the very top?

The report notes the "considerable speculation as to whether Shanghai, Hong Kong or Singapore will emerge as a global centre".


But the consensus at the moment is that no single Asian centre will emergeas a third global centre, and that the liquidity being generated by the region's economic boom is likely to be split between two or three centres, with Hong Kong the most likely to emerge as a rival to London and New York.

Source : Financial Times

[HongKongDisneyland]

I just wanted to add that by monetary volume, the Tokyo Stock Exchange is the second largest stock exchange market in the world. Something you might want to take into account when judging Japan's economic power. And don't forget the Japan-Europe Relations either.

yes. Tokyo Stock Exchange is the 2nd largest stock exchange in the world.

But China is catching up really quick. China (Shanghai Stock Exchange + Shenzhen Stock Exchange + Hong Kong Stock Exchange) is closing up the gap. It will surpass Japan very soon. and Japan will be losing its crown as biggest economy in Asia to China sooner or later!

[TDR_Fan]

Seems we have contradicting articles. Globalization and World Cities Study Group and Network places London, New York, Paris, and Tokyo as the world's leading cities. Hong Kong and Singapore rank slightly behind. I find it weird that Paris is not even on that list you provided.

[TDR_Fan]

yes. Tokyo Stock Exchange is the 2nd largest stock exchange in the world.

But China is catching up really quick. China (Shanghai Stock Exchange + Shenzhen Stock Exchange + Hong Kong Stock Exchange) is closing up the gap. It will surpass Japan very soon. and Japan will be losing its crown as biggest economy in Asia to China sooner or later!

We'll just have to see! Only time will tell. Believe me, I have nothing against China. I just have my doubts right now about China surpassing Japan.