Author: Chwee Huat Tan
Publisher:
ISBN:
Category : Competition, International
Languages : en
Pages : 126

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Book Description

Author: J. J. Woo
Publisher: Springer
ISBN: 9812879854
Category : Business & Economics
Languages : en
Pages : 160

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Book Description
This book provides unique insights into the politics of finance and the socio-political relations which drive financial policymaking in Hong kong, Singapore, and Shanghai. While the existing literature in the field focuses mainly on economic explanations for financial centre development, this book fills a gap by focusing on the socio-political relations which underpin the financial policy-making process. Drawing on extensive interviews with senior policy-makers and financial sector professionals, the book describes how state-industry relations drive financial policy-making in three major financial hubs. Insights and policy recommendations drawn from these interviews will be particularly useful for policy-makers and financial sector professionals hoping to draw lessons from the successful development of the three leading Asian financial centres. Business and Politics in Asia's Key Financial Centres draws on public policy theoretical frameworks for its analytical basis. The three chapters focusing on the historical development of Hong Kong, Singapore, and Shanghai also provide a consolidated narrative with regard to the development of these three cities as leading financial centres, while also serving as independent case studies. Scholars focusing on policy processes and political factors that underpin financial sector development, as well as instructors and students of public policy, international political economy, and financial sector policy, will find this book useful for their research.

Author: Soogil Young
Publisher: Institute of Southeast Asian Studies
ISBN: 9812309306
Category : Business & Economics
Languages : en
Pages : 463

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Book Description
Contents include an overview and policy recommendations; case studies which include Australian content; international perspectives; and issues and findings.

Author: Y. C. Jao
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 200

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Book Description
This book analyzes the role of Hong Kong as a prominent financial centre . Issues such as taxonomy of financial centres, reasons for Hong Kong's past success, competition from other centres, policy issues, and speculation upon Hong Kong's future are discussed.

Author: J. J. Woo
Publisher: Springer
ISBN: 1137569115
Category : Business & Economics
Languages : en
Pages : 139

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Book Description
This book provides an analysis of Singapore’s development and success as an international financial centre (IFC). Chapters demonstrate how Singapore plays a critical role in both Asian and global financial markets, despite its relatively small geographic size. The author focuses specifically on the factors that have contributed to the city-state’s success and discusses the policy lessons that can be derived from it. The book describes the historical, spatial, political and policy factors that contributed to Singapore’s development as a leading Asian financial centre and global city, and will be of interest to both policy scholars and practitioners.

Author: Mrs.Vanessa Le Lesle
Publisher: International Monetary Fund
ISBN: 149835713X
Category : Business & Economics
Languages : en
Pages : 46

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Book Description
There is much speculation regarding a “race for dominance” among financial centers in Asia, arising from the anticipated financial opening up of China. This frame of reference is, to an extent, a predilection that results from a traditional understanding of financial centers as possessing historical, geographic, and scale economy advantages. This paper, however, suggests that there is an alternative prism through which the evolution of financial centers in Asia needs to be viewed. It underscores the importance of “complementarity” rather than “dominance” to better serve regional and global financial stability. We posit that such complementarity is vital, through network analysis of the roles of Hong Kong SAR and Singapore as the current leading financial centers in the region. This analysis suggests that a competition for dominance can result in de-stabilizing levels of interconnectivity that render the global “network” as a whole more susceptible to rapid propagation of shocks. We then examine the regulatory and policy challenges that may be encountered in furthering such complementary coexistence.

Author: Jun Jie Woo
Publisher: World Scientific
ISBN: 9813221186
Category : Political Science
Languages : en
Pages : 127

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Book Description
3-in-1: Governing a Global Financial Centre provides a comprehensive understanding of Singapore's past development and future success as a global financial centre. It focuses on three transformational processes that have determined the city-state's financial sector development and governance — globalisation, financialisation, and centralisation — and their impacts across three areas: the economy, governance, and technology. More importantly, this book takes a multidimensional approach by considering the inter-related and interdependent nature of these three transformational processes. Just like the 3-in-1 coffee mix that is such an ubiquitous feature of everyday life in Singapore, the individual ingredients of Singapore's success as a global financial centre do not act alone, but as an integrated whole that manifests itself in one final product: the global financial centre.

Author: Rupprecht Pranckh
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Book Description
This thesis is a contribution to the discussion on international financial centres ('IFCs'). It first explains the determinants of competitive advantages of IFCs in general and then focuses on an evaluation and comparison of Hong Kong and Singapore as IFCs. First, Porter's common theory about 'competitive advantage of a nation's industry' serves as a reference baseline model to derive hypotheses for possible factors that influence the competitiveness of an IFC. Empirical evidence from the two financial centres in Hong Kong and Singapore will then be used to test whether and to what extent the developed hypotheses hold true when applied to the concept of an IFC. The second part of the thesis is based on exploratory research of statistical data that allowed to construct an IFC profile which differentiates among various financial markets and institutions making the relative competitiveness of Hong Kong and Singapore as IFCs more concrete. The paper presents two central findings. First, an IFC gains competitive advantage through several endogenous (intra-industry) determinants, i.e. through (a) ample endowment of relevant factors of production, (b) 'selective factor disadvantages' combined with advantages in advanced factors, (c) sophisticated and demanding clients, (d) successful domestic supporting and related industries, and (e) vigorous but regulated intra-industry competition which promotes innovation. In addition, an IFC can gain competitive advantage through exogenous variables such as (f) chance events and (g) the role of government. Second, the constructed IFC profile reveals comparative advantages of Hong Kong in banking, fund management, and equity markets, whereas Singapore has relative advantages in debt markets as well as in its foreign exchange and derivatives markets, measured either in terms of size or in terms of quality.

Author: Beoy Kui Ng
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 31

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Book Description

Author: David C. Donald
Publisher: Cambridge University Press
ISBN: 1139952188
Category : Law
Languages : en
Pages : 295

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Book Description
This is a case study of legal transplant, economic development, cultural adaptation and political integration. Hong Kong's journey from British entrepôt to China's international financial centre is one of the most interesting legal stories of our time. But Hong Kong's future is even more interesting: will this region with British-origin institutions survive full integration into China and become its permanent international financial centre? Does Hong Kong have the legal infrastructure to compete effectively with Shanghai and Singapore, and even New York and London? A Financial Centre for Two Empires presents Hong Kong's story, examines its corporate economy and securities market, assesses its corporate, securities and tax laws for doctrinal soundness and appropriate remedies, and evaluates the quality of their enforcement empirically. It closes with a view of Hong Kong from the perspective of developments in Beijing and Shanghai, including an examination of the important political dimension.