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14 Pages

Introduction

Hong Kong: a small city with a big reputation. Its total area is only 1,104 square kilometres but, according to the Hong Kong Special Administrative Region Government, in 2007 it was the world’s 11th largest trading economy, the 15th largest banking centre according to external banking transactions, the sixth foreign exchange market on the basis of turnover, and the seventh worldwide and third largest stock market in Asia in terms of market capitalization (Hong Kong Special Administrative Region Government 2008: 66). Almost 4,000 international corporations have established regional headquarters or offices in Hong Kong.