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Banking and Finance Law

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Bryane Michael (bryane.michael@stcatz.ox.ac.uk)

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Assessing Hong Kong As An International Financial Centre, Bryane Michael Jan 2014

Assessing Hong Kong As An International Financial Centre, Bryane Michael

Bryane Michael (bryane.michael@stcatz.ox.ac.uk)

How can Hong Kong hope to catch up to London and New York as an international financial centre? Close ties with the Mainland result in financial fragility which could decrease Hong Kong's prospects as a financial centre in the longer term. In this paper, we review Hong Kong's dependence on the Mainland's economy. We provide 21 recommendations for strengthening Hong Kong's banking and securities markets.