The nexus of professional service practices in Chinese financial centres

Abstract

Bringing together work within economic geography and regional science, this paper argues that to develop a more sophisticated theoretical understanding how international financial centres (IFCs) are evolving, an approach that conceptualizes the nexus of mid-level economic practices within and between professional service firms and sectors has considerable merit. Drawing upon theoretical work on relationality and place, it argues that the IFC as a place is instrumental in shaping a nexus of professional service practices that produce particular economic outcomes. It develops this argument by presenting research into professional service industries in two Chinese IFCs: Hong Kong and Beijing.

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