The Financial Centres of Shanghai and Hong Kong: Competition or Complementarity?
2007-09-13
Research Paper
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The contemporary rise of China in the new geo-economy is increasingly pressurising the spatial distribution of financial activity in mainland China and Hong Kong. With the re-emergence of Shanghai, many people foresee the furture demise of Hong Kong as the most important financial centre for the China mainland. This paper shows that conviction seems rather premature. Bases on the concepts of comparative advantage and market segmentation, the extent to which Shanghai and Hong Kong can be considered complementary financial centres is assessed. By using the listings of mainland China based companies on the stock exchange of each financial centre, it is shown that both cities do not only appear to have distinct hinterlands but they also differ strongly in terms of sectoral specialisation.
- G21 : Banks; Other Depository Institutions; Mortgages
- O32 : Management of Technological Innovation and R&D
- M : Business Administration and Business Economics; Marketing; Accounting
- O18 : Regional, Urban, and Rural Analyses
- M13 : New Firms; Startups
- hong kong
- research
- series
- report
- 99 1
- webpage
- management
- erim report series
- erasmu
- classification
- centre
- shanghai
- china
- paper
- mainland china
- bas karreman
- 0 81
- www.erim.eur.nl bibliographic data
- virtue pursey p.m.a.r
- system
