2A LnS

Which of the following are the evidence to justify the role of Hong Kong as an IFC?

• With lots of bank headquarters

• As the top global IPO

• Provide various financial products with low risky levels

• As the first RMB offshore transaction hub

Which of the following does NOT belong to four pillar industries?

• Retailing

• Trading and logistics

• Financial services

• Tourism

Which of the following conditions favour Hong Kong to be developed as an IFC?

• Free trade policy

• Positive non-intervention

• Rule of law

• Reform and opening up

Which of the following are the positive impacts of being an IFC on Hong Kong economy and people's livelihood?

• Enhance the living quality of people

• More job opportunities

• More business opportunities to other professional services

• Reduce the disparity between the rich and the poor

What are the negative impacts of being an IFC on Hong Kong economy and people's livelihood?

• Reduce the employment opportunities of the less skillful labour

• The income level of other business sectors will be lowered then financial sector

• Government receives more revenue

• Economic downturn due to the burst of bubble economy

How can Hong Kong strengthen the role as an IFC?

• Adopt low tax policy

• Build partnership with companies in Mainland China

• As an offshore RMB financial hub

• Improve the Fin tech

Which of the following can show the internationalization of the financial market of Hong Kong?

• Headquarters of multinational corporate are found

• Top and global IPO

• Various foreign currencies are available for transaction

• Huge number of listed companies in Hong Kong

'Proximity to China' as a favourable factor for Hong Kong to be developed as an IFC means

• Share similar culture

• Share similar political system

• Short distance

• Share same language

Write down the "name" of tax. "It is collected according to the profit of a company's business ".

Write down the "name" of tax item. " I have just purchased an immovable property"