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Thread: Document: Shanghai-YangZi River Delta vs. HongKong-Pearl River Delta

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[quote=MARRIE,364927]Source: www.chamber.org.hk

INTRODUCTION
One of the more popular topics of discussion in town these days is that of the competition between Hong Kong and fast growing Shanghai.  As a person born in Shanghai but having resided in Hong Kong for many years, I personally find the topic inherently interesting especially as my company is based in Hong Kong but has extensive business activities in Shanghai.

I will begin with a brief look at the two cities, their respective competitive advantages and the competition between them.  I believe, however, that a discussion on Hong Kong and Shanghai would be incomplete without looking specifically at the two hinterlands served by the respective cities, the Yangtze River Delta and the Pearl River Delta.  Given the growing competition between these two regions, I will make some comparison between the two deltas, and conclude by offering my thoughts on Hong Kong and our fellow cities in the Pearl River Delta.

HONG KONG AND SHANGHAI – A COMPARISON
As a regional service centre, Hong Kong has the advantage of a more established track record of professionalism, application of the rule of law, and a higher level of business sophistication.  It is not only the most important gateway to Mainland China but also functions as a commercial and financial centre for the Asia Pacific Region as a whole.  By comparison, Shanghai is one of the most important gateways to central China and also serves as the premiere domestic capital market to mainland China.

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