This study examines the changing competitiveness of financial centres in mainland China and Hong Kong based on the geography of equity listing of mainland Chinese firms. Pre-listing firm characteristics are used to explore firms' motives for listing on a particular exchange and whether these...

The banking industry is key for Hong Kong's economy, but Hong Kong is not a big international banking center, at least not when compared with other centers belonging to large economic areas, such as New York and, to a lesser extent, Tokyo. Within Asia, Hong Kong has a larger banking sector as a...

Geography continues to shape the character and promise of Hong Kong's financial sector. Its physical and human links to the heartland of China made it a natural center for trade in goods and services. And when trade between nations mediated by merchant companies was largely transformed by the...

Hong Kong's “Principles of Responsible Ownership,” issued by its Securities and Futures Commission, offer a telling example of what it means to be an international financial centre in 21st century Asia. The point of this stewardship code is to nudge institutional investors toward responsible...

There is much speculation regarding a “race for dominance” among financial centers in Asia, arising from the anticipated financial opening up of China. This frame of reference is, to an extent, a predilection that results from a traditional understanding of financial centers as possessing...

While criminal law is an essential part of the legal environment used to maintain Hong Kong's status as an international financial centre (IFC), its role is limited. Criminal law and processes are reserved for serious cases that involve the protection of property rights, economic interests, or...