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Shanghai's Development as an International Financial Center

James Laurenceson

School of Economics, University of Queensland, QLD 4072, Australia

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Kam Ki Tang

School of Economics, University of Queensland, QLD 4072, Australia

Corresponding author.

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https://doi.org/10.1142/S0219091505000294Cited by:17 (Source: Crossref)

Abstract

In 1949 Shanghai was the leading international financial center (IFC) in Asia. Recently the push of Shanghai to regain its long lost status of a regional IFC has begun to attract widespread interest. This paper first draws upon the IFC literature to highlight the factors that are considered to be important in determining the potential of a city to emerge as an IFC. Shanghai's progress is then measured against these criteria and is also placed in a comparative perspective by measuring against Hong Kong and Singapore.

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