The History of Hong Kong IV (English Verison)：Tracking the Vanished Hong Kong Industries

In the late 1950’s, a number of businesses and industrialists transferred their capital and technologies from the thriving industrial cities, such as Shanghai, to Hong Kong owing to the political turmoil in Mainland China, bringing about the economic transformation and boom in Hong Kong. Back then, Central Textiles Limited, South China Textiles Limited and Nan Fung Textiles Limited had large textile factories in Hong Kong. With capital and talents from the Mainland, as well as numerous competitive workers willing to work overtime, these factories gradually developed into multinational corporations, leading to decades of prosperity and various economic miracles in Hong Kong.

However, these factories are all closed down today. Hong Kong is shaped into a city providing services in different aspects such as finance, logistics, tourism and information, but is this the best pathway for the city? What will be the future of Hong Kong’s economic development?