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.
Table of Contents
1. Hong Kong as an international financial center
2. Hong Kong’s financial center and China’s development
3. International financial centers and offshore finance
4. Hong Kong as an offshore RMB business center
5. Development of other RMB business offshore centers
6. Offshore RMB centers in Mainland
7. View from the market participants in Hong Kong’s financial sector
8. View from Hong Kong’s Chinese firms
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.