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global IT industry have pushed re-location of certain industry functions. Third, Greater China (defined here as Taiwan and … the People's Republic of China including Hong Kong and Macao) has been the greatest beneficiary of this reorganization …-cum-relocation. The innovative electronics firms that have arisen in Greater China have been vertically specialized and constitute a large …
Persistent link: https://www.econbiz.de/10012836806
clients either in China itself or by opening offices worldwide. We thereby also open up questions about how the ‘linked … indigenous profession of accountants holding the CICPA qualification, in the context of the translation into China of … international accounting and auditing standards and the continuing rapid growth in China's own stock-markets and in its …
Persistent link: https://www.econbiz.de/10012930411
Since the open-up policy at the end of the 1970s, China - the largest single market in Asia - received growing … attention from foreign investors and banks. However, the fragile domestic market and undeveloped financial system in China did … a result, it took several years for most foreign banks to gain a foothold in mainland China. This article demonstrates …
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implications for understanding of the crisis, and so does the grouping of China, Taiwan and Hong Kong, which accounts for more than …/or cautious capital market liberalization (e.g., China). However, when these economies move from the background to the Asian …
Persistent link: https://www.econbiz.de/10013133941
Mainland China have started to weigh on Hong Kong's growth prospects. Against this backdrop, this paper aims to quantify the … trade and financial spillovers on Hong Kong SAR's economy from a downturn in the euro area and Mainland China. Based on … a hard landing in China, the model simulations suggest that Hong Kong SAR would be on a sustained downturn with output …
Persistent link: https://www.econbiz.de/10013106745
This paper discusses the role of Hong Kong in China's grand scheme to build up the RMB as a global reserve currency. We … highlight the economic importance of Hong Kong to China in terms of channeling foreign direct investment into China, some of … which, in the future, will be denominated in the RMB. We discuss the development of China's RMB currency swap and deposit …
Persistent link: https://www.econbiz.de/10013108053
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