The Financial Centres of Shanghai and Hong Kong: Competition or Complementarity?
| Autor: | Bert van der Knaap, Bas Karreman |
|---|---|
| Přispěvatelé: | Erasmus School of Economics, Applied Economics |
| Rok vydání: | 2009 |
| Předmět: |
Mainland China
Finance business.industry Geography Planning and Development China Geography of finance Hong Kong Shanghai financial centres urban competition Demise Environmental Science (miscellaneous) jel:G21 Competition (economics) jel:M Stock exchange Complementarity (molecular biology) Distribution pattern jel:M13 jel:O32 Conviction Business China jel:O18 |
| Zdroj: | Environment and Planning A: International Journal of Urban and Regional Research, 41(3), 563-580. SAGE Publications Ltd |
| ISSN: | 1472-3409 0308-518X |
| DOI: | 10.1068/a40230 |
| Popis: | 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 reemergence of Shanghai, many people foresee the future demise of Hong Kong as the most important financial centre for the Chinese mainland. This paper shows that this conviction seems rather premature. From an examination of the regional distribution pattern of the mainland-China-based companies listed on the stock exchanges of Shanghai and Hong Kong it appears that both financial centres have relatively distinct hinterlands. Furthermore, it is shown that the exchanges of Shanghai and Hong Kong differ strongly in terms of sectoral specialisation. These results indicate that both centres reveal a considerable amount of complementarity. |
| Databáze: | OpenAIRE |
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