Hong Kong’s Economy and Its Global Connections: Prospects for 1997 and Beyond

Taylor, Michael

doi:10.1007/978-1-349-25499-6_9

Cited by 2 publications

(2 citation statements)

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“…Hong Kong’s dominance also has a political basis; Article 109 of the Basic Law of Hong Kong (1990) clearly establishes the Chinese government’s commitment to “the maintenance of Hong Kong as an IFC”. The continued prosperity of Hong Kong (closely tied to its role as an IFC for China and the Asia-Pacific region) has political resonance as it reflects on Chinese leadership following the handover of Hong Kong in 1997 and could also affect future relations between Taiwan and China (Taylor, 1997a). Therefore, while Hong Kong’s financial expertise and geographical proximity are important factors in developing China-related financial products and services, its unique political status also contributes to its privileged position in facilitating these financial flows.…”

Section: Conclusion: the Dynamic Interdependency Of Chinese Ifcsmentioning

confidence: 99%

Differentiated Markets: Shanghai, Beijing and Hong Kong in China’s Financial Centre Network

Lai¹

2011

Urban Studies

163

154

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This paper examines the roles of Shanghai, Beijing and Hong Kong as financial centres by utilising interview and secondary data to analyse the decision-making of financial and regulatory actors, and the different functional roles of foreign banks in those cities. Their intercity relations demonstrate a complex mix of competition and collaboration that embeds them in evolving networks of interdependence. Empirical findings indicate differentiated markets leading to the distinctive development of Shanghai as a commercial centre, Beijing as a political centre and Hong Kong as an offshore financial centre, with all three financial centres performing distinctive and complementary roles within the regional banking strategies of foreign banks. The analysis first explains Hong Kong’s continued dominance in the region and, secondly, reveals insights into changing intercity relationships between these prominent Chinese cities that contribute to their distinctive development as financial centres.

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Section: Conclusion: the Dynamic Interdependency Of Chinese Ifcsmentioning

confidence: 99%

Differentiated Markets: Shanghai, Beijing and Hong Kong in China’s Financial Centre Network

Lai¹

2011

Urban Studies

163

154

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show abstract

“…Having no natural resources of its own has not been a disadvantage to Hong Kong, since it has used its deep-water harbor and strategic location to leverage an economic alliance with China (Kelly 1986;Taylor 1997). Hong Kong contributes to about one-third of China's foreign exchange earnings annually.…”

Section: Background Of Hong Kongmentioning

confidence: 99%

Predicting Changes in Hong Kong’s Hotel Industry Given the Change in Sovereignty from Britain to China in 1997

Lloyd

Lopa

Braunlich

2000

Journal of Travel Research

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A modified three-round Delphi study of 14 general managers was used to predict which changes will occur in Hong Kong’s hotel industry as a result of the change in sovereignty from Britain to the People’s Republic of China in 1997. The managers predicted that competitiveness within the hotel industry would become more intense following an immediate short-term lull in business, or recession, after the handover. In the long run, managers predicted that the number/type of hotels, influx of new labor, and volume of business would increase, making Hong Kong highly competitive with the rest of Asia.

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Hong Kong’s Economy and Its Global Connections: Prospects for 1997 and Beyond

Cited by 2 publications

References 0 publications

Differentiated Markets: Shanghai, Beijing and Hong Kong in China’s Financial Centre Network

Differentiated Markets: Shanghai, Beijing and Hong Kong in China’s Financial Centre Network

Predicting Changes in Hong Kong’s Hotel Industry Given the Change in Sovereignty from Britain to China in 1997

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