Word: tankfuls
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...assured. Singapore in recent years has boosted its banking sector. Shanghai is booming. And even Seoul aspires to be a financial hub. Faced with these long-term competitive threats, Hong Kong's leaders are laying the groundwork for even closer links with China. In August, a local think tank with ties to the city's top political leadership released a proposal for increasing economic integration with Shenzhen, the Chinese boomtown located next to Hong Kong. A mere fishing village when it was designated, in 1979, as the hothouse of China's economic reforms, Shenzhen now has a population rivaling that...
...Innovation or Oblivion Hong Kong and Shenzhen could still run into the bugbear of all corporate mergers: a clash of cultures. Hong Kong has the world's most open economy, according to U.S.-based think tank the Heritage Foundation; one with low taxes, a mature legal system and international standards of corporate transparency and regulation. The mainland, for all its explosive growth, remains hamstrung by corruption and a centrally planned economy. Beijing has taken slow, measured steps to open its financial markets, but obstacles remain. Because China's currency, the yuan, is nonconvertible, capital can't flow freely between Hong...
...this love affair between the global rich and London isn't just about saving a few thousand bucks - after all, the weather's better in Monaco. When Scorpio Partnership, a wealth management-strategy think tank, asked affluent clients why they chose London over, say, New York City, Paris or Munich, the good reputation of Britain's schools, the country's political stability, the growing pool of talent in the financial-services sector and historical ties to Britain were frequently offered reasons. "Another thing is the legitimacy, particularly for foreigners coming from emerging markets like Russia," says managing partner Sebastian Dovey...
...margin. Since then Beijing has slowly been learning its lesson. "Whenever Taiwan has a big election, if Beijing makes a remark about local politics in Taiwan [it] will have a counterproductive effect," says Andrew Yang, secretary general of the Chinese Council of Advanced Policy Studies, a Taipei-based think tank...
...says art historian Charney. "Attach the sensor to the fishing line, then hang it on an object that's never supposed to move." Charney has grown so concerned about the theft of religious art that he recently formed the Association for Research into Crimes against Art, a nonprofit think tank that will provide churches with free advice on how to protect art on a limited budget...