Please use this identifier to cite or link to this item:
|Title:||Differentiated Markets: Shanghai, Beijing and Hong Kong in China's Financial Centre Network|
|Citation:||Lai, K. (2012-05). Differentiated Markets: Shanghai, Beijing and Hong Kong in China's Financial Centre Network. Urban Studies 49 (6) : 1275-1296. ScholarBank@NUS Repository.|
|Abstract:||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. © 2011 Urban Studies Journal Limited.|
|Source Title:||Urban Studies|
|Appears in Collections:||Staff Publications|
Show full item record
Files in This Item:
There are no files associated with this item.
checked on Feb 27, 2018
WEB OF SCIENCETM
checked on May 1, 2018
checked on May 19, 2018
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.