Part 5/11:
Hong Kong's contribution to the GBA lies in its international financial services, legal system based on common law, and cultural adaptability—elements that mainland cities lack due to different legal and monetary regimes. Its status as a world-class financial hub, issuing US Dollars and facilitating global trade, remains a vital asset.
However, the rise of cities like Shenzhen, China's so-called Silicon Valley, has challenged Hong Kong's dominance. With Shenzhen emerging as a leader in high-tech R&D and innovation, questions arise about Hong Kong's future relevance. The region's integration offers opportunities—such as the "hollowing out" of service industries as professionals move across borders—but also risks of economic obsolescence.