Author : Y. C. Jao
Publisher :
Page : 200 pages
File Size : 20,31 MB
Release : 1997
Category : Business & Economics
ISBN :
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.
Author : Yan-leung Cheung
Publisher : Routledge
Page : 143 pages
File Size : 26,90 MB
Release : 2016-12-08
Category : Social Science
ISBN : 1317284763
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.
Author : Dr Catherine Schenk
Publisher : Routledge
Page : 225 pages
File Size : 29,95 MB
Release : 2001-03-15
Category : Business & Economics
ISBN : 1134626053
Based on previously unpublished archival records, this book makes a significant contribution to our understanding of the development of Hong Kong as one of the worlds premier international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.
Author : David C. Donald
Publisher : Cambridge University Press
Page : 295 pages
File Size : 44,46 MB
Release : 2014-06-19
Category : Law
ISBN : 1139952188
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.
Author : Jiangyu Wang
Publisher :
Page : 35 pages
File Size : 28,91 MB
Release : 2018
Category :
ISBN :
Hong Kong's ambition to maintain its position as an international financial centre - or even to become a more significant one, depends overwhelmingly on the market of Mainland China (hereinafter the Mainland, China or the PRC). China, however, provides a mixed blessing for Hong Kong in this regard, arising out of the inevitable co-existence of integration and competition between the two regions under Chinese sovereignty. This chapter examines the impact of Mainland China on Hong Kong's status as an international financial centre from legal and policy perspectives. It is organized as follows: Part II looks at the direct economic concessions offered by China through the FTA. Part III discusses the challenges of China's SOEs, many of them are listed in the Hong Kong Exxhange, to the regulatory environment of Hong Kong's stock market. Part IV analyses the impact of the rise of Shanghai and Shenzhen on Hong Kong, focusing on the implications of Shanghai's ambition, driven by China's relevant industrial policies, to be an international financial centre. Part V concludes.
Author : J. J. Woo
Publisher : Springer
Page : 160 pages
File Size : 48,37 MB
Release : 2015-12-14
Category : Business & Economics
ISBN : 9812879854
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.
Author : Catherine Ruth Schenk
Publisher :
Page : 203 pages
File Size : 43,71 MB
Release : 2001
Category : Finance
ISBN :
Author : Tai-Lok Lui
Publisher : Taylor & Francis
Page : 131 pages
File Size : 31,54 MB
Release : 2023-10-10
Category : Social Science
ISBN : 1000965910
This book explores the manifold ways that the current confrontations between China and the US, and political tensions within the Special Administrative Region (SAR) has brought Hong Kong to the forefront of emerging political frictions between Beijing and the territory and growing international rivalry between the two powerful nations of the world. Unlike the situation in the post-WWII decades, which witnessed the internationalisation of the Hong Kong economy, this “New Cold War” poses challenges to the SAR’s status as a global city and international financial and business centre. The enactment of the National Security Law and the growing presence of Beijing in regulating the SAR’s domestic affairs triggered strong reactions from many countries. Hong Kong has to bear some of the consequences of measures imposed onto China as a result of current controversies. The shadow of China also raises many eyebrows about the prospects of Hong Kong as a free and liberal city. And the outbreak of COVID-19 and the concomitant interruption to economic flows and the movement of people further complicate the situation. This book will be of great value to students and scholars in the fields such as Economics, Sociology and Asia Pacific studies. The chapters in this book were originally published in the Asia Pacific Business Review.
Author :
Publisher :
Page : 0 pages
File Size : 40,92 MB
Release :
Category :
ISBN :
Promotes greater understanding of democratic ideals, values, culture, institutions, and conditions making for the establishment of quality democracy in the Hong Kong SAR, within the framework of the Basic Law and in accordance with the principle of "One Country, Two Systems", and to formulate recommendations for the steps to be taken to achieve this end; 3. [...] As the historian Steven Tsang put it, behind the scenes "government remained the largest employer, the biggest developer of real estate, the leading constructor, the largest landlord, and the biggest 10 provider of education and health services."2 The government's objective, however, was to maximize Hong Kong's autonomy, and specifically to liberate it from explicit direction by the British Treasu. [...] As to the reasons for the emergence of these centres, Cassis emphasized the irreducible national roots of banking, debt, and equity laws, the mandates and activities of central banks, the monetary conditions conducive to the agglomeration of financial services, and finally the ebb and flow of local economic and social conditions. [...] In the context of rising competition and periodic bouts of instability in financial markets around the world, the question of 'who benefits' shaped diverging views on the reform of a broad range of Hong Kong's the policies underpinning its IFC. [...] As Meyer put it, "The reason is the centrality of Hong Kong in the business networks of Asia, especially because it is the pivotal meeting place of the Chinese and foreign networks of capital."20 With foreign networks well established during the British era, the biggest change in the contemporary period has come from the rapid development of Chinese networks.
Author : Nadiia Kudriashova
Publisher : GRIN Verlag
Page : 24 pages
File Size : 38,15 MB
Release : 2019-04-01
Category : Business & Economics
ISBN : 3668911452
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.
