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Essay Details:
Essay text:
We also explore the
determinants of the competitiveness of IFCs in an analytical and empirical framework.
Our findings suggest that, in addition to the pull factors of the IFC, push or demand
factors from the economies importing financial services from the IFC are also important.
The rise of Mainland China represents a potentially important push factor for the demand
for financial services exports from Hong Kong, and hence its status as an IFC.
JEL Classification Numbers: F21; G15; G28
Keywords: International financial centre; financial services exports; financial sector FDI
Author's E-Mail Address: lcheung@hkma...
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