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Two International Finance Center
The International Finance Centre, abbreviated as ifc) is a skyscraper and an integrated commercial development on the waterfront of Hong Kong's Central District. A prominent landmark on Hong Kong Island, IFC consists of two skyscrapers, the ifc mall, and the 55-storey Four Seasons Hotel Hong Kong. Twe 02 is the second tallest building in Hong Kong at a height of 415 m, behind the International Commerce Centre in West Kowloon, and the 31st-tallest building in the world. It is the fourth-tallest building in the Greater China region and the eighth-tallest office building in the world, based on structural heights; It is of similar height to the former World Trade Center. The Airport Express Hong Kong station is directly beneath it, with subway lines to Hong Kong International Airport. ifc was constructed and is owned by IFC Development, a consortium of Sun Hung Kai Properties, Henderson Land and Towngas. In 2003, ''Financial Times'', HSBC, and Cathay Pacific put up an advert ...
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Central, Hong Kong
Central (also Central District) is the central business district of Hong Kong. It is located in Central and Western District, on the north shore of Hong Kong Island, across Victoria Harbour from Tsim Sha Tsui, the southernmost point of Kowloon Peninsula. The area was the heart of Victoria City, although that name As the central business district of Hong Kong, it is the area where many multinational financial services corporations have their headquarters. Consulates general and consulates of many countries are also located in this area, as is Government Hill, the site of the government headquarters. The area, with its proximity to Victoria Harbour, has served as the centre of trade and financial activities from the earliest days of the British colonial era in 1841, and continues to flourish and serve as the place of administration after the handover to China in 1997. Naming The area of Chung Wan (aka Choong Wan in the past; ), named Central in English, was one of the dis ...
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Greater China
Greater China is an informal geographical area that shares commercial and cultural ties with the Han Chinese people. The notion of "Greater China" refers to the area that usually encompasses Mainland China, Hong Kong, Macau, and Taiwan in East Asia, places where the majority are culturally and ethnically Han Chinese. Some analysts may also include places which have predominantly ethnic Chinese population such as Singapore. The term can be generalised to encompass "linkages among regional Chinese communities". Usage Multinational corporations frequently use the term to name their regional headquarters. For example, P&G uses it to name its regional headquarter in Guangzhou that also operates in Hong Kong and Taipei, Taiwan. Apple uses it for its regional headquarters in Shanghai. The term is often used to avoid invoking sensitivities over the political status of Taiwan. The term has also been used in reference to Chinese irredentism in nationalist contexts, such as the notion ...
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Sumitomo Mitsui Banking Corporation
is a Japanese multinational banking and financial services institution headquartered in Yurakucho, Chiyoda, Tokyo, Japan. The group operates in retail, corporate, and investment banking segment worldwide. It provides financial products and services to a wide range of clients, including individuals, small and medium-sized enterprises, large corporations, financial institutions and public sector entities. Since 2011, it has been included into the Financial Stability Board's list of global systemically important banks. SMBC group operates in over 40 countries and maintains a presence in all International Financial Centres as the 12th biggest bank in the world by total assets. It is one of the largest global financial institutions in project finance space by total loan value. As of May 2020, SMBC group is listed as 80th largest public company in the world according to Forbes ranking. It is the second largest banking institution by total assets and market capitalization in Japan ...
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ING Group
The ING Group ( nl, ING Groep) is a Dutch multinational banking and financial services corporation headquartered in Amsterdam. Its primary businesses are retail banking, direct banking, commercial banking, investment banking, wholesale banking, private banking, asset management, and insurance services. With total assets of US$1.1 trillion, it is one of the biggest banks in the world, and consistently ranks among the top 30 largest banks globally. It is among the top ten largest European companies by revenue. ING is the Dutch member of the Inter-Alpha Group of Banks, a co-operative consortium of 11 prominent European banks. Since the creation in 2012, is a member in the list of global systemically important banks. In 2020, ING had 53.2 million clients in more than 40 countries. The company is a component of the Euro Stoxx 50 stock market index. The long-term debt for the company as of December 2019 is €150 billion. ING is an abbreviation for ' (). The orange lion on ING ...
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1997 Asian Financial Crisis
The Asian financial crisis was a period of financial crisis that gripped much of East Asia and Southeast Asia beginning in July 1997 and raised fears of a worldwide economic meltdown due to financial contagion. However, the recovery in 1998–1999 was rapid and worries of a meltdown subsided. The crisis started in Thailand (known in Thailand as the ''Tom Yam Kung crisis''; th, วิกฤตต้มยำกุ้ง) on 2 July, with the financial collapse of the Thai baht after the Thai government was forced to float the baht due to lack of foreign currency to support its currency peg to the U.S. dollar. Capital flight ensued almost immediately, beginning an international chain reaction. At the time, Thailand had acquired a burden of foreign debt. As the crisis spread, most of Southeast Asia and later South Korea and Japan saw slumping currencies, devalued stock markets and other asset prices, and a precipitous rise in private debt. South Korea, Indonesia and Thailand were ...
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Storeys
A storey (British English) or story (American English) is any level part of a building with a floor that could be used by people (for living, work, storage, recreation, etc.). Plurals for the word are ''storeys'' (UK) and ''stories'' (US). The terms ''floor'', ''level'', or ''deck'' are used in similar ways, except that it is usual to speak of a "16-''storey'' building", but "the 16th ''floor''". The floor at ground or street level is called the "ground floor" (i.e. it needs no number; the floor below it is called "basement", and the floor above it is called "first") in many regions. However, in some regions, like the U.S., ''ground floor'' is synonymous with ''first floor'', leading to differing numberings of floors, depending on region – even between different national varieties of English. The words ''storey'' and ''floor'' normally exclude levels of the building that are not covered by a roof, such as the terrace on the rooftops of many buildings. Nevertheless, a flat ro ...
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Cathay Pacific
Cathay Pacific Airways Limited (CPA), more widely known as Cathay Pacific (), is the flag carrier of Hong Kong, with its head office and main hub located at Hong Kong International Airport. The airline's operations and subsidiaries have scheduled passenger and cargo services to over 190 destinations and present in more than 60 countries worldwide including codeshares and joint ventures. Cathay Pacific operates a fleet consisting of Airbus A321, Airbus A321neo, Airbus A330, Airbus A350, and Boeing 777 aircraft. Cathay Pacific Cargo operates two models of the Boeing 747. Defunct wholly owned subsidiary airline Cathay Dragon, which ceased operations in 2020, previously flew to 44 destinations in the Asia-Pacific region from its Hong Kong base. In 2010, Cathay Pacific and Cathay Pacific Cargo, together with Dragonair (then Cathay Dragon), carried nearly 27 million passengers and over 1.8 million tons of cargo and mail. The airline was founded on 24 September 1946 by Aust ...
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HSBC
HSBC Holdings plc is a British multinational universal bank and financial services holding company. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In 2021, HSBC had $10.8 trillion in assets under custody (AUC) and $4.9 trillion in assets under administration (AUA), respectively. HSBC traces its origin to a hong in British Hong Kong, and its present form was established in London by the Hongkong and Shanghai Banking Corporation to act as a new group holding company in 1991; its name derives from that company's initials. The Hongkong and Shanghai Banking Corporation opened branches in Shanghai in 1865 and was first formally incorporated in 1866. HSBC has offices in 64 countries and territories across Africa, Asia, Oceania, Europe, North America, and South America, serving around 40 million customers. As of 2022, it was ranked no. 38 in the world in the Forbes rankings of large companies ranked by sales, profits ...
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Financial Times
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nikkei, with core editorial offices across Britain, the United States and continental Europe. In July 2015, Pearson sold the publication to Nikkei for £844 million (US$1.32 billion) after owning it since 1957. In 2019, it reported one million paying subscriptions, three-quarters of which were digital subscriptions. The newspaper has a prominent focus on financial journalism and economic analysis over generalist reporting, drawing both criticism and acclaim. The daily sponsors an annual book award and publishes a " Person of the Year" feature. The paper was founded in January 1888 as the ''London Financial Guide'' before rebranding a month later as the ''Financial Times''. It was first circulated around metropolitan London by James Sherid ...
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The Hong Kong And China Gas Company
The Hong Kong and China Gas Company Limited, doing business as Towngas, is the sole provider of towngas in Hong Kong. Founded in 1862, it is one of the oldest listed companies in the territory. History In February 1862, the concession to supply gas to the city of Victoria (the centre of which now referred to as Central), was obtained from then governor Sir Hercules Robinson by William Glen, a newcomer to the gas industry. Incorporation took place on 3 June 1862 and, by 3 December 1864 that year, there were of pipes and 500 gas lamps along Queen's Road and Upper Valley Road. Across the harbour, residents in Kowloon continued to rely on candles and oil lamps until gas was laid on 28 years later. The company's original generating plant, the first in Asia, stood on the waterfront at West Point near Whitty Street and provided gas for lighting to government offices and army barracks as well as Jardine's offices, the Hong Kong Dispensary and the Hong Kong Hotel. The plant was ...
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Hong Kong International Airport
Hong Kong International Airport is Hong Kong's main airport, built on reclaimed land on the island of Chek Lap Kok, Hong Kong. The airport is also referred to as Chek Lap Kok International Airport or ''Chek Lap Kok Airport'', to distinguish it from its predecessor, the former Kai Tak International Airport. Having been in commercial operation since 1998, Hong Kong International Airport is one of the largest trans-shipment centres, passenger hubs and gateways for destinations in greater China, Asia and the world. The airport is the world's busiest cargo gateway and one of the world's busiest passenger airports. It is also home to one of the world's largest passenger terminal buildings (the largest when opened in 1998). The airport is operated by the Airport Authority 24 hours a day and is the primary hub for Cathay Pacific (the flag carrier of Hong Kong), Greater Bay Airlines, Hong Kong Airlines, HK Express and Air Hong Kong (cargo carrier). The airport is one of the hubs ...
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Hong Kong Station
Hong Kong () is a station of the MTR metro system in Hong Kong. It is the eastern terminus of the and . It is situated between Man Cheung Street and Harbour View Street, Central, Hong Kong Island, and sits underneath the International Finance Centre (IFC). It opened on 22 June 1998. The station is connected to by a pedestrian subway. The walk between the two stations typically takes three to six minutes. The tunnels, which cross under Connaught Road Central, are equipped with moving walkways. Hong Kong station provides an in-town check-in service for flights departing Hong Kong International Airport and free shuttle bus services to most major hotels in the Central and Wan Chai areas. History Built as part of the Airport Railway project of the Airport Core Programme, Hong Kong station sits on land reclaimed from Victoria Harbour in the early 1990s. The construction contract (numbered 501) was awarded to Japanese contractor Aoki Corporation and began on 12 June 1995. T ...
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