Nylonkong

Nylonkong, a portmanteau or contraction of New York-London-HongKong, is a neologism coined to link New York City, London, and Hong Kong that first appeared in the magazine TIME in 2008. The article suggests that the cities share similarities, especially in being globalised financial and cultural centres, and are the most remarkable cities in the 21st century. The article elicited a strong positive response in Hong Kong.

History

Nylonkong , from NY (New York City), Lon (London), and Kong (Hong Kong) first appeared in TIME article A Tale of Three Cities in 2008.

According to TIME, these cities share similarities in cultural and economic establishments. They are influential in cultural industries, including art auctions, movies, and pop songs. In addition, the cities are top international financial centers located in different time zones. TIME further described the cites as the three most remarkable international cities in the 21st century, and one could better understand the world through understanding Nylonkong. Financial Development Index ranks Hong Kong, USA, and UK as the first to third places of the table, accordingly.

Influence

Responses to the term is strongest in Hong Kong, being next to unknown in the other two cities. An extended range of responses was observed in Hong Kong media and academia after the term was coined. Mingpao Daily suggested that, though flattering, it might be premature to elevate Hong Kong to the status of being a global city.The term was first quoted in academia by Yin Pak Andrew Lau in the Liberal Studies Youth Summit on Basic Law, and Sing Tao Daily suggested that the term is a profound sign of globalization.

See also

• Multipolar world
• Global capitalism
• Financial centre
• NYLON
• Financial Development Index