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| Economic Growth & Distribution |
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| * Policy Research @ HKIAPS member |
On Competitiveness and Opportunities
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Hong Kong as international financial centre: Challenges and opportunities
Investigators: Hongling Guan (PI), Yun-wing Sung* & Terence T. L. Chong
Funding source: Institute of Guangdong, Hong Kong and Macao Development Studies, Sun Yat-sen University |
The Project covers the longitudinal development of Hong Kong as an IFC (International Financial Centre), and the horizontal comparison of Hong Kong with other major IFC’s in terms of various indicators. The strengths and weaknesses of the major subsectors (stock market, bond market, wealth management, and professional services) are then examined. External challenges (US-China rivalry, Ukrainian war and contractionary monetary policy to fight inflation, Covid epidemic), internal challenges (emigration of talents, exodus of multinationals, and systemic risks), and opportunities (digital currency, fintech, Belt and Road initiative) are analysed in detail.
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