Hong Kong: What's Changed, What Hasn't

Industrial and Commercial Bank of China
MIKE CLARKE / AFP/GETTY IMAGES

What's Changed

The Opening of China

Greater access to the mainland has been an incontestable boon to Hong Kong's economy. The recent Industrial and Commercial Bank of China (ICBC) IPO on the Hong Kong stock exchange raised $22 billion, making it the largest in the world. Mainland tourism, a trickle before 1997, has turned into a flood, with last year's 13 million visitors contributing significantly to Hong Kong's $13 billion tourism industry.

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