The financial centres of Shanghai and Hong Kong: competition or complementarity?
AbstractThe 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.
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Bibliographic InfoArticle provided by Pion Ltd, London in its journal Environment and Planning A.
Volume (Year): 41 (2009)
Issue (Month): 3 (March)
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Web page: http://www.pion.co.uk
Other versions of this item:
- Karreman, B. & Knaap, G.A. van der, 2007. "The Financial Centres of Shanghai and Hong Kong: Competition or Complementarity?," Research Paper ERS-2007-062-ORG, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus Uni.
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