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Shanghai and Hong Kong. One is theChinese mainland"s financial centerand the other an international finan-cial hub. Both of the cities areChinese and their financial develop-ment was greatly impacted by colonialism.When Shanghai proposes that it wants todevelop into an international financial center,people naturally compare the two cities.
It is said that today"s Hong Kong is yes-terday"s Shanghai. A century ago, whenShanghai was the well-known internationalfinancial and trade hub of the Far East,Hong Kong was relatively lagging behind.Currently people tend to believe thatShanghai"s tomorrow will surpass HongKong today, though that still may be a fewyears away from realization.

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