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Shanghai's Development as an International Financial Center

Author

Listed:
  • James Laurenceson

    (School of Economics, University of Queensland, QLD 4072, Australia)

  • Kam Ki Tang

    (School of Economics, University of Queensland, QLD 4072, Australia)

Abstract

In 1949 Shanghai was the leading international financial center (IFC) in Asia. Recently the push of Shanghai to regain its long lost status of a regional IFC has begun to attract widespread interest. This paper first draws upon the IFC literature to highlight the factors that are considered to be important in determining the potential of a city to emerge as an IFC. Shanghai's progress is then measured against these criteria and is also placed in a comparative perspective by measuring against Hong Kong and Singapore.

Suggested Citation

  • James Laurenceson & Kam Ki Tang, 2005. "Shanghai's Development as an International Financial Center," Review of Pacific Basin Financial Markets and Policies (RPBFMP), World Scientific Publishing Co. Pte. Ltd., vol. 8(01), pages 147-166.
    • Handle: RePEc:wsi:rpbfmp:v:08:y:2005:i:01:n:s0219091505000294
    DOI: 10.1142/S0219091505000294
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    References listed on IDEAS

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    Cited by:

    1. Cécile Carpentier & Jean-François L'Her & Jean-Marc Suret, 2007. "Competition and Survival of Stock Exchanges: Lessons From Canada," CIRANO Working Papers 2007s-26, CIRANO.
    2. Khee Giap Tan & Randong Yuan & Sangiita Wei Cher Yoong, 2017. "Assessing Development Strategies of Jiangsu and Taiwan: A Geweke Causality Analysis," Review of Pacific Basin Financial Markets and Policies (RPBFMP), World Scientific Publishing Co. Pte. Ltd., vol. 20(04), pages 1-28, December.

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    More about this item

    Keywords

    China; Shanghai; international financial center;
    All these keywords.

    JEL classification:

    • G1 - Financial Economics - - General Financial Markets
    • G2 - Financial Economics - - Financial Institutions and Services
    • G3 - Financial Economics - - Corporate Finance and Governance

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