Created in partnership with Portfolio, Condé Nast's new business magazine, our city business guides offer guidance for business travelers hoping to maximize their productivity (and enjoyment) while on the road. Stay tuned for more guides in the months to come.

Mainland companies are rushing to list in Hong Kong, with recent bank IPOs going gangbusters (the stock price of Hong Kong Exchanges and Clearing, which runs the stock market, soared 166 percent in 2006). Still, growing rivalry with Shanghai has the city competing fiercely for tourism and investment dollars-which means that business travelers get the royal treatment.

Where to Sleep
Many of Hong Kong's hotels are legendary. The most revered is The Peninsula, with its fleet of Rolls-Royces and a rooftop helicopter pad that hint at the caliber of its clients. The classic for dignitaries is the Mandarin Oriental in the heart of the Central Business District, recently reopened after a $140 million overhaul. Bankers gravitate to its Captain's Bar every Friday night. Media moguls and fashion designers like Vivienne Tam prefer its smaller, hipper sister property, the Landmark Mandarin Oriental. Rooms, though, are so tech-centric that some guests report having to call for help to turn the lights off. Power couples in the spa's VIP Sanctuary track world markets on an overhead flat-screen TV while soaking in an oversized tub. The Grand Hyatt attracts guests who have business at the nearby Convention and Exhibition Centre, but the private suites at its Plateau Spa are also popular with trysting couples (read: suits and their mistresses). The newest upstart is the gleaming Four Seasons, part of the International Finance Centre development and a haven for private-equity investors. Hong Kong corporate emperor Li Ka-Shing-lovingly referred to by locals as Superman-has been spotted heading to its 22,000-square-foot spa by private elevator.

Where to Eat
Caprice, at the Four Seasons, is where lawyers and bankers take clients who need some serious sucking up to. Harbor views play second fiddle to the real draw, the culinary genius of chef Vincent Thierry, direct from the Michelin three-star Le Cinq in Paris. Cuisine Cuisine is a classy joint popular with wealthy Hong Kongers who know how to navigate a Cantonese seafood menu. The new Nobu at the InterContinental delivers the chef's signature miso cod and sakes. Be sure to ask for a table by the windows: Seeing Hong Kong's skyline from this perch makes anyone feel like a Master of the Universe. Banking honchos favor Kowloon Shangri-La's Nadaman.