Posted by
kneworld
18 yrs ago
Did you know that we live in a Alpha City
http://www.lboro.ac.uk/gawc/citylist.html
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That does not surprise me at all. A few fact about HK:
Hong Kong has the most skyscrapers in the world, 7688 with New York 2nd at 5640 - quite a margin.
Then there's HSBC, the world's biggest company and biggest bank.
In fact Hong Kong has been rated the world's most free economy for 14 consecutive years, by Wall Street Journal and The Heritage Foundation in the globally accepted Index of Economic Freedom.
It is one of the Four Asian Tigers and considered the gateway to the East.
I can carry on forever with statistics, but I think an important factor here is the fact that HK managed to maintain its global position regardless of it's political governing body, ie: Britain and China.
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HSBC is not the worlds largest company by any measure, either by turnover, profit, or market capitalisation. Nor is it the worlds largest bank by any of those measures either even if you include assets. It is a very large company, but its not even a Hong Kong company. I think it is incorporated in Bermuda for a start, and refers to itself as British.
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"Then there's HSBC, the world's biggest company and biggest bank."
Not even close to either one.
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And we don't even have a Wal-Mart
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Island Hopper, that approach is based on some composite score, I'm not sure how they arrived at that other than this list itself where it tops in assets, Other than this year for the first time, because of Citi's debacle with sub prime I have never seen it top of any list in terms of sales, market cap, shareholder equity or any of the other approaches which are usually used to gauge size of company. It is actually the worlds largest bank at the moment in terms of Market Cap and profits but I would stop far short of saying it was the worlds largest company, composite score or not. Personally speaking this is the first list I have ever seen HSBC top the asset list, and I am dubious of forbes in general whenever they come out with any list whether it be a rich list or size of company based on some composite formula which only they seem to know. That would be like me saying I have a composite formula and I have come to the conclusion that the star ferry company is the worlds largest company. ;-)
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"And we don't even have a Wal-Mart"
Haha. More importantly, no Banana Republic store. ;)
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Oops, ok, I thought HSBC originated in HK :}
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You are right, it did originate in Hong Kong, to facilitate trade between China and UK traders and their ships., It bought out Midland Bank in the mid 90's a large high street British bank and moved its headquarters to London, in anticipation of the looming handover.
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"Hong Kong has the most skyscrapers in the world, 7688 with New York 2nd at 5640 - quite a margin."
Actually this is incorrect. It relates to high rise buildings over 12 stories high and doesn't really have a lot to do with Skyscrapers. A more realistic tally would be on those buildings over 200m tall that can actually be called skyscrapers where NY has 47 and HK 42.
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HK may loose it's Alpha City credibility if this stifling terrible pollution gets much worse:
http://www.epd-asg.gov.hk/eindex.php it is sti
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'evildeeds' The term 'skyscraper' has no official definition. In Europe it is common to use 150m as a minimum height for skyscrapers. There are others who would use 80m (+/- 25fl) as a minimum.
As a matter of interest, where do you get your info from?
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Personally I think those ratings do not matter so much. If your first priority is to get away from pollution, then I am sure you wont come to Hong Kong no matter if it is on the top list or not. But if you can put up with with the pollution and crowds of people, then I think Hong Kong is not too bad... good public transport, reasonably cheap cost of living, social safety, a transparent govt (at least in terms of daily matters), lots of restaurants (good or bad), good place to buy shares (low handling fee and tax too, even if you are just buying it for hobbying) .....Sure I can survive here.
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ebow3d - maybe it is. Your original post quoted data from Emporis who supply those figures. As I mentioned this is for 12 stories and above. When you take into account that a huge proportion of those buildings would be public housing estates the shine disappears a little.
Check http://www.diserio.com/top15-skylines.html which actually states 48 building in NY over 200 m tall and 43 for HK.
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