DO HONG KONG'S PROTESTS THREATEN IT AS CHINA'S WINDOW TO GLOBAL CAPITAL?

11 December 2019

Program Overview

Being one of China's leading financial centers, Hong Kong has also been one of the Asia-Pacific's top cities and China's window to global capital for decades. However, in the past few months, the city has been rocked by demonstrations and protests. Its economy suffers as tourism and retail sales fall. Detractors inside and outside of Hong Kong claim the current protests will damage the city as China's global financial center. That being said, it remains to be seen whether Hong Kong will lose its financial business to its competitors amid a growing climate of fear.

To shed some light on this topic, several perspectives will be discussed, including resilience of financial networks in Hong Kong, alternative financial centers to Hong Kong in Asia-Pacific, as well as China's support to Hong Kong on its internal security and as its global financial center. According to Professor David Meyer, these reasons undergird the continuation of the business in Hong Kong, specifically for financial firms, business services, and regional corporate management sectors.

About the Speaker

David Meyer is Senior Lecturer in Management at Olin Business School, Washington University in St. Louis, teaching international business, with a focus on Asia. Prior to this, he was Professor of Sociology & Urban Studies at Brown University. He received his PhD from the University of Chicago.


His publications include five books and monographs and over sixty articles and book chapters. His book, Hong Kong as a Global Metropolis (Cambridge University Press, 2000), interpreted that city as the pivot of Asian business networks. Recent publications include network governance at the State Banks of China, banking networks of Asian financial centers, private wealth management in Asia, high-frequency trading on exchanges, Hong Kong and Singapore as network hubs of global capital, Shenzhen in China's financial center networks, Hong Kong's enduring global business relations, Bank of China International in Hong Kong, Hong Kong and Singapore exchanges confront high frequency trading, and Hong Kong, Shanghai, and Beijing: China's Contenders for Global Financial Centre Leadership. Currently, he is finishing a book on the network behavior of global financiers.

Program Fee

HKMA Member: HK$100
Non-member: HK$280

Enquiries

Ms Winnie Co 2774-8594
Email: winnieco@hkma.org.hk
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