The transformation of the Hong Kong’s role in the context of economic processes in the Asia-Pacific region

Abstract

The article provides an analysis of the Hong Kong’s economic role transformation in the context of changes and processes taking place within the Asia-Pacific region. At the same time, the paper draws special attention to the development of relations between the city and mainland China (PRC) through the prism of the mutually beneficial nature of these ties for the economic system of each of the parties. In addition, the trade and logistical importance of Hong Kong for the region, as well as its place in the financial system of the APR and the world, are researched together with scrutinizing the factors which predetermined the success of the SAR in each of these areas. The article actively uses the most relevant statistics and materials from Hong Kong official sources and recognized international organizations specializing in assessing various parameters of economic activity.

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