Shanghai's Development as an International Financial Center

James Stuart. Laurenceson · Kam Ki Tang

24 citations0/0 files storedReview of Pacific Basin Financial Markets and Policies

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Global Urban Networks and Dynamics Global Financial Crisis and Policies Global Financial Regulation and Crises

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.

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References

2001The Global City 1992Global Financial Integration: The End of Geography 2002The Global Competitiveness Report 2001-2002 1998China's Unfinished Economic Revolution 2019Finance and Development 2002Integrating China into the Global Economy 1998Globalization and the world of large cities 1999Global Financial Centers

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