Hong Kong, London and New York are already global financial powerhouses and Guangzhou is eager to join them. The city is eager to demonstrate its prowess in financial services and lure new companies and professionals to the area. Guangzhou already possesses a roster of financial services assets. Hong Kong is already well developed, and Guangzhou can learn from its economic experiences," said Chen. "In terms of serving the mainland, Guangzhou has a geographic advantage compared to Hong Kong.