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一、中国对香港经济的推动力 首先要看到随着中国改革开放的深化,经济实力的不断增强,中国内地对香港经济增长所起到的推动作用已不容忽视。以往人们在香港对大陆经济的促进作用方面探讨得比较多。的确,香港在大陆改革开放十几年里,作为内地最大的贸易伙伴和投资来源地,对于中国与世界市场的接轨,贡献良多,不容置疑。但是人们也注意到,在1991年以前,香港经济的兴衰与美国和欧洲休戚相关,作为宏观经济反映的美国股市感冒,香港恒生指数就要打喷嚏;而在1991年以后,香港经济则更多地与中国内地宏观经济紧密相连。欧美经济在80年代长期衰退,但香港经济并未受影响,仍保持经济增长的强势。引起人们对国家宏观经济政策注意的是开始宏观调控的“朱十六条”。在快速增长时期认为是理所当然的泡沫一经破灭,人们才发现原来香港经济与大陆经济状况联系的密切已不容忽视。随着香港企业到内地投资比例的不断增加和香港本地的“空壳化”,香港企业的经营业绩越来越受到大陆宏观经济政策的影响;加上内地香港上市公司的不断增加,香港经济的繁荣对内地经济发展状况的依赖程度在不断加深。具体来说主要体现在以下几个方面: 1.中国内地经济的快速增长为香港经济转型创造了良好条件。80年代以前,香港有四大经济支柱——制?
I. China’s Impetus to Hong Kong’s Economy First of all, we must note that with the deepening of China’s reform and opening up and its ever-increasing economic strength, the impetus that the Mainland plays in promoting Hong Kong’s economic growth can not be ignored. In the past, people in Hong Kong to promote the role of the mainland economy are more discussed. Indeed, Hong Kong, as the largest trading partner and source of investment in the Mainland for more than 10 years of reform and opening up to the Mainland, has made a lot of contribution to the integration of China and the world market. However, people also noticed that before 1991, the rise and fall of Hong Kong’s economy was closely linked with the United States and Europe. As a result of the macroeconomic reaction, the Hong Kong stock market caught a cold and Hong Kong’s Hang Seng Index sneezed. After 1991, Hong Kong’s economy even more It is closely linked with the macro economy in mainland China. The long-term economic recession in Europe and the United States in the 1980s has not affected Hong Kong’s economy and has maintained its strength in economic growth. What has drawn people’s attention to the state’s macroeconomic policies is the “Article 16” which started macro-control. When the bubble that was taken for granted for a period of rapid growth was disrupted, people realized that the close connection between Hong Kong’s economy and the mainland’s economic situation can not be ignored. With the increasing proportion of Hong Kong enterprises investing in the Mainland and the “de-housing” of Hong Kong, the operating performance of Hong Kong enterprises is increasingly affected by the mainland’s macroeconomic policies. Coupled with the continuous increase of Hong Kong-listed companies in the Mainland, the economic The prosperity depends more and more on the economic development in the Mainland. Specifically, it is mainly reflected in the following aspects: 1. The rapid economic growth in mainland China has created favorable conditions for Hong Kong’s economic restructuring. Before the 1980s, Hong Kong had four major economic pillars - the system