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E-grāmata: Hong Kong's Global Financial Centre and China's Development: Changing Roles and Future Prospects [Taylor & Francis e-book]

  • Formāts: 154 pages, 8 Tables, black and white; 78 Line drawings, black and white; 78 Illustrations, black and white
  • Sērija : Comparative Development and Policy in Asia
  • Izdošanas datums: 13-Dec-2016
  • Izdevniecība: Routledge
  • ISBN-13: 9781315643021
  • Taylor & Francis e-book
  • Cena: 168,97 €*
  • * this price gives unlimited concurrent access for unlimited time
  • Standarta cena: 241,39 €
  • Ietaupiet 30%
  • Formāts: 154 pages, 8 Tables, black and white; 78 Line drawings, black and white; 78 Illustrations, black and white
  • Sērija : Comparative Development and Policy in Asia
  • Izdošanas datums: 13-Dec-2016
  • Izdevniecība: Routledge
  • ISBN-13: 9781315643021
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.
List of figures
vii
List of tables
x
Foreword xi
Preface xiii
1 Hong Kong as an international financial center
1(3)
2 Hong Kong's financial center and China's development
4(20)
2.1 Introduction
4(1)
2.2 The fundraising function of Hong Kong stock market
4(3)
2.3 Hong Kong's role in enhancing corporate governance
7(5)
2.4 Hong Kong banking industry and China's development
12(4)
2.5 China's new strategies and opportunities for Hong Kong
16(5)
2.6 Concluding remarks
21(3)
3 International Financial Centers and offshore finance
24(15)
3.1 Introduction
24(1)
3.2 International comparison
25(2)
3.3 The rise of offshore financial centers
27(2)
3.4 Major financial centers in China
29(3)
3.5 Preliminary development of offshore finance in China
32(4)
3.6 Concluding remarks
36(3)
4 Hong Kong as an offshore RMB business center
39(14)
4.1 Introduction
39(1)
4.2 RMB deposits in Hong Kong
39(2)
4.3 RMB cross-border trade settlement
41(1)
4.4 RMB investment products and "backflow mechanisms"
42(5)
4.5 Shanghai--Hong Kong Stock Connect
47(2)
4.6 Concluding remarks
49(4)
5 Development of other RMB business offshore centers
53(23)
5.1 Introduction
53(1)
5.2 London
54(6)
5.3 Taiwan
60(4)
5.4 Singapore
64(6)
5.5 Other offshore RMB centers
70(1)
5.6 Concluding remarks
71(5)
6 Offshore RMB centers in Mainland
76(11)
6.1 Introduction
76(1)
6.2 Debates on financial liberalization in Mainland China
76(2)
6.3 Shanghai Free Trade Zone
78(3)
6.4 Qianhai, Shenzhen
81(3)
6.5 Concluding remarks
84(3)
7 View from the market participants in Hong Kong's financial sector
87(12)
7.1 Introduction
87(1)
7.2 Sample description
88(1)
7.3 Business environment: Hong Kong vs. Mainland cities
89(5)
7.4 What's next for Hong Kong?
94(1)
7.5 RMB business in Hong Kong
94(4)
7.6 Concluding remarks
98(1)
8 View from Hong Kong's Chinese firms
99(18)
8.1 Introduction
99(1)
8.2 Sample description
100(1)
8.3 Why Hong Kong?
101(1)
8.4 Performance of Hong Kong as an IFC
102(9)
8.5 Hong Kong's offshore RMB business
111(1)
8.6 The impact of Shanghai and Qianhai on Hong Kong
111(3)
8.7 What's next for Hong Kong?
114(1)
8.8 Concluding remarks
115(2)
9 Conclusion
117(8)
9.1 Introduction
117(1)
9.2 Financial turmoil in 2015
117(4)
9.3 Long-term strategy
121(4)
References 125(8)
Index 133
Stephen Yan-leung Cheung is President and Professor of Public Policy at Hong Kong Institute of Education.

Yuk-shing Cheng is Head and Associate Professor in the Department of Economics at Hong Kong Baptist University.

Chi-keung Woo is a Professor in the Department of Asian and Policy Studies at Hong Kong Institute of Education.