Hong Kong's Global Financial Centre and China's Development: Changing Roles and Future Prospects, 1st Edition (e-Book) book cover

Hong Kong's Global Financial Centre and China's Development

Changing Roles and Future Prospects, 1st Edition

By Yan-leung Cheung, Yuk-shing Cheng, Chi-keung Woo


154 pages | 78 B/W Illus.

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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

9. Conclusion

About the Authors

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.

About the Series

Comparative Development and Policy in Asia

The primary aim of this series is to publish original, high quality, research level work, by both new and established scholars in the West and East, on all aspects of development and policy in Asia. 

The scope of the series is broad, and aims to cover both comparative and single country studies, including work from a range of disciplines.  With particular reference to how Asian states have coped with the growing challenges of globalising economies and the ways in which national governments in Asia have changed their public policy strategies and governance models in order to sustain further economic growth, the series will bring together development studies, and public policy and governance analysis, and will cover subjects such as: economic development; governance models; the factors underpinning the immense economic achievements of different countries; the social, political, cultural, and environmental implications of economic restructuring; public policy reforms; technological and educational innovation; international co-operation; and the fate and political impact of people who have been excluded from the growth.  The series will include both empirical material and comparative analysis; and both single authored books and edited collections.

Learn more…

Subject Categories

BISAC Subject Codes/Headings:
SOCIAL SCIENCE / Ethnic Studies / General