In the immediate years, Hong Kong has a real opportunity to join the ranks of New York & London and beat the race against Singapore in becoming a World City, and confirm its status as the global IFC in Asia. Facts and figures show that the one Chinese city that can reach World City status is Hong Kong but it cannot get there without the full support of China, specifically by implementing a ‘One-Country, One-Market’ policy that would increase the porosity of talents coming to Hong Kong. Despite the geographical advantage of being positioned in the center of Asia and boasting a world class service industry (e.g. shopper’s paradise, culinary capital, tax haven), Singapore is catching up with Hong Kong in certain key areas, most notably in the finance sector, which is critical as finance acts as an enabler of economic activity. Hong Kong has severely underperformed in the past decade; from 2000 to 2010, total GDP per capita of Hong Kong only grew by 25%, whereas that of Singapore grew by 87%. While Hong Kong has the IFC-BEST* attributes, the government must implement policies to support this initiative. In "How to Become a World City: Lessons from London", Mr. Franklin Lam will share some interesting statistics and provide answers to how Hong Kong can propel itself into a World City. * Inspiring, Free, Convenient, Business-friendly, Exciting, Safe and Trustworthy.