Download or read book The Financial Centre of Hong Kong on the Eve of Its Handover to the People s Republic of China written by Torsten Störmer and published by . This book was released on 1997 with total page 133 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Financial Centres of Shanghai and Hong Kong written by Bas Karreman and published by . This book was released on 2013 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: The contemporary rise of China in the new geo-economy is increasingly pressurising the spatial distribution of financial activity in mainland China and Hong Kong. With the re-emergence of Shanghai, many people foresee the furture demise of Hong Kong as the most important financial centre for the China mainland. This paper shows that conviction seems rather premature. Bases on the concepts of comparative advantage and market segmentation, the extent to which Shanghai and Hong Kong can be considered complementary financial centres is assessed. By using the listings of mainland China based companies on the stock exchange of each financial centre, it is shown that both cities do not only appear to have distinct hinterlands but they also differ strongly in terms of sectoral specialisation.
Download or read book Hong Kong s Global Financial Centre and China s Development written by Yan-leung Cheung and published by Routledge. This book was released on 2016-12-08 with total page 143 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an overview of Hong Kong’s role as an international financial centre, focusing especially on how Hong Kong has contributed significantly, and continues to contribute significantly, to China’s economic development. It considers the importance of Hong Kong’s stock market in raising finance for Chinese companies, explores the potential of Hong Kong as an offshore financial centre, and discusses recent regulatory reforms. It concludes by assessing the prospects for Hong Kong’s continuing success as a global financial centre, and puts forward recommendations for policies which would help secure continuing success.
Download or read book Business and Politics in Asia s Key Financial Centres written by J. J. Woo and published by Springer. This book was released on 2015-12-14 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides unique insights into the politics of finance and the socio-political relations which drive financial policymaking in Hong kong, Singapore, and Shanghai. While the existing literature in the field focuses mainly on economic explanations for financial centre development, this book fills a gap by focusing on the socio-political relations which underpin the financial policy-making process. Drawing on extensive interviews with senior policy-makers and financial sector professionals, the book describes how state-industry relations drive financial policy-making in three major financial hubs. Insights and policy recommendations drawn from these interviews will be particularly useful for policy-makers and financial sector professionals hoping to draw lessons from the successful development of the three leading Asian financial centres. Business and Politics in Asia's Key Financial Centres draws on public policy theoretical frameworks for its analytical basis. The three chapters focusing on the historical development of Hong Kong, Singapore, and Shanghai also provide a consolidated narrative with regard to the development of these three cities as leading financial centres, while also serving as independent case studies. Scholars focusing on policy processes and political factors that underpin financial sector development, as well as instructors and students of public policy, international political economy, and financial sector policy, will find this book useful for their research.
Download or read book Hong Kong as an International Financial Centre written by Dr Catherine Schenk and published by Routledge. This book was released on 2001-03-15 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on previously unpublished archival records, this book makes a significant contribution to our understanding of the development of Hong Kong as one of the worlds premier international financial centres.
Download or read book A Comparative Study of Financial Centres of Hong Kong Beijing Shanghai and Shenzhen written by Qionghua Lao and published by Open Dissertation Press. This book was released on 2017-01-26 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation, "A Comparative Study of Financial Centres of Hong Kong, Beijing, Shanghai and Shenzhen" by Qionghua, Lao, 劳琼花, was obtained from The University of Hong Kong (Pokfulam, Hong Kong) and is being sold pursuant to Creative Commons: Attribution 3.0 Hong Kong License. The content of this dissertation has not been altered in any way. We have altered the formatting in order to facilitate the ease of printing and reading of the dissertation. All rights not granted by the above license are retained by the author. Abstract: The rise of Chinese economy has favoured the growth of several financial centres in China. This phenomenon has drawn much attention to several scholars who focus on the relationship between Hong Kong and Shanghai. With a few exceptions, the relationship among Beijing, Hong Kong, Shanghai and Shenzhen have not been satisfactorily revealed, while financial competition and cooperation among them are also far from clear. This thesis examines the financial systems of Hong Kong, Beijing, Shanghai and Shenzhen to show their strengths and weaknesses. Financial markets, such as the stock market, bond market, funds market, insurance market, futures and derivatives market as well as the foreign exchange market are all included in this study. In addition, other important players (banking industry and multinational corporations) in the financial system are covered. This study shows that Hong Kong's strengths lie in its stock, fund, insurance, financial futures and options, foreign exchange and its related derivatives markets, banking industry as well as the attractions of multinational corporations; whereas it is weak in parts of the stock market, the GEM, bond, PE/VC funds and commodity futures markets. Beijing is an important player in the banking industry, stock, bond, private equity fund, VC fund and insurance markets. However, it is not so developed in regard to foreign currency bond, fund (excluding PE and VC funds), financial futures and options, foreign exchange and related derivatives markets, foreign banking and the attractions of multinational corporations. Shanghai is considered to be at a similar level of ranking as Beijing. It is the capital centre of China and has the no.1 fund market in the Mainland although weaker than that of Hong Kong. Shanghai is also strong in foreign banking industry and the attraction of multinational corporations. Whereas Shanghai is weak in its banking industry (excluding foreign banking), bond market, PE/VC funds, financial futures and options as well as foreign exchange markets. Shenzhen is the weakest financial centre, with its advantages in the SME board, ChiNext and VC funds. Another finding of this study reveals that, except for the previous studies on financial centre competition and cooperation in China, there are still some potential areas such as the financial cooperation between the HKEx and SSE, the GEM and ChiNext as well as the financial competition of the private equity fund industry between Hong Kong and Beijing for the financial competition and cooperation of Beijing, Shanghai, Shenzhen and Hong Kong. The research findings of this thesis have both theoretical and political implications. Theoretically, the study reflects the significance of an information hinterland as well as law and finance theory in the Chinese financial market and also proves the importance of Beijing as a financial centre in China. Empirically, this thesis offers some implications for policy marking to enhance the better development of these financial centres. Specifically, Mainland China should further promote its regulatory and legal quality in order to provide better regulation and supervision on the financial system. In addition, it should put more effort to promote the development of industries that perform well in Hong Kong, Beijing, Shanghai and Shenzhen. DOI: 10.5353/th_b4785000 Subjects: Financial institutions - China
Download or read book Hong Kong as an International Financial Centre written by Y. C. Jao and published by . This book was released on 1997 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyzes the role of Hong Kong as a prominent financial centre . Issues such as taxonomy of financial centres, reasons for Hong Kong's past success, competition from other centres, policy issues, and speculation upon Hong Kong's future are discussed.
Download or read book Gateways to Globalisation written by François Gipouloux and published by Edward Elgar Publishing. This book was released on 2011-01-01 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Gateways to Globalisation makes a significant contribution to the understanding of the emerging East Asian regional system of financial centres within the broader global context and how they interact within the global circuits of finance. In particular, it focuses on the emergence of the financial centres of Tokyo, Shanghai, Hong Kong and Singapore and the attempts by both national governments and the private sector to position them so that they become more competitive in the global and regional context. The volume shows much historical sensitivity showing that while the increase in the importance of these financial centres is principally post 1945, their emergence has been aided by the deep historical roots that go back several centuries. The book will be of great value in the interpretation of the role of East Asia in what many commentators have called the "Asian Century".' – Terry McGee, The University of British Columbia, Canada 'Gateways to Globalisation cogently demonstrates that Hong Kong, Singapore, Beijing, Shanghai, and Tokyo operate as gateways to Asia and as linchpins for Asia to the global economy. The authors' theoretical frameworks and original empirical research support provocative findings that challenge conventional thinking. Tokyo may decline as a global city. As Beijing and Shanghai ride China's rapid growth they face uncertainty about its future openness to the global economy. Vibrant Hong Kong and Singapore confront challenges from other rising centers.' – David Meyer, Washington University in St Louis, US 'This book distinguishes itself in its emphasis on historical and cultural links as well as contemporary globalization processes on large East Asian cities. Arising from a research program and four seminars, the editor has picked scholars who can relate past and present trends. Historical links of Japanese cities are explored. Leading world cities in the region are analysed in their evolution from entrepôts to modern gateways, service integrators, transport hubs and financial centres. It is a study of the integration and interrelationships of East Asian cities in the global economy.' – Yue-man Yeung, Chinese University of Hong Kong Asia's trading and financial hubs have become global cities which frequently have more in common and closer linkages with each other than with their corresponding hinterlands. As this book expounds, these global cities illustrate to what extent world trends deeply penetrate and permeate the national territorial interiors and processes that were otherwise presumed to be controlled by the State. Gateways to Globalisation is soundly based on accurate and extensive research (including perspectives from historians, economists, geographers and sociologists) from China, Japan, Singapore and Hong Kong, in order to grasp the regional character of trade and finance, beyond national borders and traditional academic frameworks. The book documents that today, major urban centres such as Tokyo, Beijing, Singapore, Hong Kong and Shanghai situated on the periphery of the maritime corridor of East Asia, form a system characterised by the intensity of their economic linkages and integration into the world economy. Since the mid-1980s, these major Asian cities have become the worldwide-oriented centres for production, trade, finance and research. This collective effort offers, in addition to its regional framework, up-to-date information that strengthens an original trans-disciplinary analysis of a region and its economic characteristics, which will be of interest to readers within academia and beyond. This well-detailed and thorough work will interest academics and post-graduate students in economics, geography, finance, history, regional studies and Asian studies, as well as those who have a general interest in globalisation.
Download or read book Shifting Capital written by Paola Subacchi and published by Chatham House (Formerly Riia). This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Summary: China's financial integration will trigger fundamental changes in the global economy in the coming decades. Financial reform will eventually allow Beijing to open China's capital account fully and to make its currency fully convertible. In turn, this will help in rebalancing the global economy and eventually alter the international monetary system. This is why policy-makers around the world, and particularly those from other systemically important countries, should pay close attention to the changing financial landscape in China. This report focuses on the steps that China is taking to reform its financial services sector through the incremental development of the financial centers in the Greater China region. As clusters of activities and services that connect different operators and facilitate financial transactions among them, financial centers are where China's reform measures are seen in action and where their impact can be assessed and measured. Thus they are the report's main unit of analysis. The report takes a broad regional approach, and so includes the four financial centers in Greater China, Shanghai, Shenzhen, Hong Kong and Taipei. These are centers that, in different ways and with different competitive advantages, both rival and complement one another in serving Greater China's large regional economy, as well as helping it become more integrated in the world economy.
Download or read book A Comparative Study of Financial Centres of Hong Kong Beijing Shanghai and Shenzhen written by Qionghua Lao and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Comparative Study of Financial Centres of Hong Kong Beijing Shanghai and Shenzhen written by Qionghua Lao and published by . This book was released on 2011 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Money And Finance In Hong Kong Retrospect And Prospect written by East Asian Institute and published by World Scientific. This book was released on 1998-05-13 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hong Kong's reunification with China on July 1, 1997 after 156 years of British rule was a historic event of worldwide significance. While the transition to Chinese sovereignty has so far been smoother than expected, there are lingering doubts concerning three interrelated issues: whether the Hong Kong dollar can continue to exist, whether the linked exchange rate can survive and whether Hong Kong can retain its role as an international financial centre. These issues are analyzed and discussed objectively in the first article of this book.The second article confines itself to the workings of the currency board. In addition, the future of the system after Hong Kong's historic reunification with China is briefly discussed.
Download or read book A Financial Centre for Two Empires written by David C. Donald and published by Cambridge University Press. This book was released on 2014-06-19 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a case study of legal transplant, economic development, cultural adaptation and political integration. Hong Kong's journey from British entrepôt to China's international financial centre is one of the most interesting legal stories of our time. But Hong Kong's future is even more interesting: will this region with British-origin institutions survive full integration into China and become its permanent international financial centre? Does Hong Kong have the legal infrastructure to compete effectively with Shanghai and Singapore, and even New York and London? A Financial Centre for Two Empires presents Hong Kong's story, examines its corporate economy and securities market, assesses its corporate, securities and tax laws for doctrinal soundness and appropriate remedies, and evaluates the quality of their enforcement empirically. It closes with a view of Hong Kong from the perspective of developments in Beijing and Shanghai, including an examination of the important political dimension.
Download or read book Shanghai Replaces Hong Kong as China s Financial Center written by Judy Choi and published by . This book was released on 2007-11-15 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: Which city, Hong Kong versus Shanghai, will hold the future as China's financial center? The current thesis sets out to empirically analyze not only which city will serve as China's financial center, but also why? A secondary analysis of data was performed on surveys distributed to respondents in Shanghai and Hong Kong. The information collected included perceptions comparing Hong Kong and Shanghai in terms of: 1) Which city is more important?, 2) How people differ?, and, 3) Which city will be China's financial center? Explanations of the opinions were also generated and then categorized according to the Corporation of London's Factor of Financial Center Competitiveness (2005) and Laurenceson and Tang's Factors Influencing IFC Development (2003). Factors assessed include growth potential, business infrastructure, economy, and political and economic freedom. Chi-square analyses found a significant difference in the distribution of responses between Shanghai and Hong Kong participants for important city ( X2(1, N = 126) = 29.90, p
Download or read book Development of Shanghai as a Financial Centre written by DBS Bank. Economic Research Department and published by . This book was released on 1996 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial markets and institutions A comparison of China and international financial centers written by Nadiia Kudriashova and published by GRIN Verlag. This book was released on 2019-04-01 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2017 in the subject Economics - Finance, grade: MA, Yale University, language: English, abstract: International Finance Center (IFC) are an integral part of the modern international financial economy. One of its basic components is the availability of developed national financial markets, actively interacting with similar markets in other countries. As an example, the United States can lead the UK, Japan, in economic development which play an important role the financial markets, and the major cities of these countries (New York, London, Tokyo), are the major international financial centers. Cities can be seen as the gateway to the global economy. They are important for the functioning of both national and global economy, since they are concentrated huge financial, informational and intellectual resources, based most of the major industrial, commercial, financial and service companies, specialized credit and financial institutions and banks. In addition to traditional MFC in the last decades of the 20th century a number of new financial centers competing for the role of international. The acceleration of globalization and especially its financial component, led to an increase in strength and influence regional financial centers, in particular, such as Hong Kong (Hong Kong). The financial market of China, which is traditionally considered to be emerging financial markets have long been a mature international financial centers that have an impact not only on the regional economy, but also in the distribution of global capital flows. The study of the functioning of the MFC, their development trends is the most important area for the understanding of the new global economy, its characteristics and movement mechanisms. At the same time identifying new trends in the development of Asian financial centers, particularly their inclusion in the competition for international corporations have mastered the financial market, is both scientific and practical interest. This makes it possible to identify local features of financial globalization as a result of the connection and the active development of the Asia-Pacific Economic Space with new financial centers, show their role, prospects and competitiveness in the global economy. Of particular importance is the study of the development of Chinese financial market, especially given the fact that the IMF has recognized the yuan a freely usable currency, reflecting the expanding role of China in world trade, a significant increase in the use of the yuan in the international scale and the growth of operations with it.
Download or read book International Financial Centres after the Global Financial Crisis and Brexit written by Youssef Cassis and published by Oxford University Press. This book was released on 2018-07-04 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: As well as marking the tenth anniversary of the collapse of Lehman Brothers and the consequent unleashing of the global financial crisis, 2018 is also the year of negotiations on the terms of the UK's exit from the European Union. Within a decade the banking world has witnessed two epochal events with potential to redraw the map of international financial centres: but how much has this map actually changed since 2008, and how is it likely to change in the near future? International Financial Centres after the Global Financial Crisis and Brexit gathers together leading economic historians, geographers, and other social scientists to focus on the post-2008 developments in key international financial centres. It focuses on the shifting hierarchies of New York, London, Paris, Geneva, Zurich, Frankfurt, Singapore, Hong Kong, Beijing, Shanghai, and Tokyo to question whether Asian financial centres have taken advantage of the crisis in the West. It also examines the medium-effects of the crisis, the level of regulation, and the rise of new technology (fintech). By exploring these crucial changes, it questions whether shifts in the financial industry and the global landscape will render these centres unnecessary for the functioning of the global economy, and which cities are likely to emerge as hubs of new financial technology.
