China’s exceptional economic growth since the 1980s to the present fuels the rise of its financial centres—Hong Kong, Beijing, and Shanghai—to top global ranking. As Asia-Pacific leader, Hong Kong is China’s window to global capital and one of the top three global financial centres, along with London and New York. Beijing is the political-regulatory centre of China, and it has risen significantly as China’s banks become more important global players. Shanghai is the commercial-financial centre, and continues its long-standing status as the Mainland’s major international centre.
China’s government supports stock- and bond-connect programs, FinTech, internationalisation of the renminbi, and the “Belt and Road” initiative and associated Asian Infrastructure Investment Bank (AIIB). These directly and indirectly build China’s internal financial centre networks and support the centres’ increasing global links, especially with London. China’s political and economic policies maintain Hong Kong as a premier global centre.Join Dr. David R. Meyer of Washington University in St. Louis to learn more.
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