European Parliament Library

Hong Kong SAR as a Financial Center for Asia :, Trends and Implications, Olaf Unteroberdoerster, Cynthia Leung

We document Hong Kong SAR's evolving role as an international financial center in the Asia region, the importance of the growing special link with China as well as supply-side advantages, and outline the scope for future financial services growth. Hong Kong SAR has a long established track record as Asia's premier center for cross-border financial transactions. Further financial opening of China is likely to consolidate Hong Kong SAR's leading position as Asia's international financial center over the medium term. However, preserving Hong Kong SAR's first-mover advantage in the long-term calls for a development strategy that balances reaping the benefits from the special China role with the need to transcend into a truly international center in the long run
Table Of Contents
Contents; I. Introduction; II. Financial Centers and Integration: Trends from an Asian Perspective; Tables; 1. Ranking Score of Selected Top Ten International Banking Centers; Figures; 1. Foreign Direct Investment Flows; 2. Percentage Share of Hong Kong in Regional FDI Flows; 2. Share of FDI Flows in 2006, Total US2.7 trillion; 3. Bilateral Cross-Border Transactions Within Asia; 3. Portfolio Investment; 4. Share of Portfolio Investment in 2005, Total US52 trillion; 4. Banking Activities; 5. Intensity of Foreign Direct Investment; 6. Intensity of Portfolio Investment
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (20 p.)
Specific Material Designation
Form Of Item

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