Proceedings of the 9th International Conference on Financial Innovation and Economic Development (ICFIED 2024)

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Factors that make Hong Kong one of the World Financial Centre

Authors
Teng Han Lousia1, Au Yui Ching Rosette2, *
1Heilongjiang International University, International Business School, International Business, Harbin, 150500, China
2King Edward’s School Witely, Godalming, GU8 5SG, England
*Corresponding author. Email: auyuiching@gmail.com
Corresponding Author
Au Yui Ching Rosette
Available Online 7 May 2024.
DOI
10.2991/978-94-6463-408-2_72How to use a DOI?
Keywords
World Financial Centre; Stock exchange; Taxation; Free trade port; Business law
Abstract

A world financial center refers to a place that gathers a large number of financial and related derivative service industries. It needs to have the most active securities trading market, the most complete financial market, the most convenient international settlement system, and most importantly, to have a radiating impact on the surrounding and global areas, in order to be called a world financial center. As one of the three major financial centers in the world, Hong Kong deserves to explore and reflect on its causes. In this article, we use the method of conditional ensemble analogy to explore the causes of Hong Kong’s world financial status from the perspective of economic development. The results of the study revealed that Hong Kong’s status as an international financial center comes from historical accumulation, a relaxed business environment, and excellent institutions.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 9th International Conference on Financial Innovation and Economic Development (ICFIED 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
7 May 2024
ISBN
978-94-6463-408-2
ISSN
2352-5428
DOI
10.2991/978-94-6463-408-2_72How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Teng Han Lousia
AU  - Au Yui Ching Rosette
PY  - 2024
DA  - 2024/05/07
TI  - Factors that make Hong Kong one of the World Financial Centre
BT  - Proceedings of the 9th International Conference on Financial Innovation and Economic Development (ICFIED 2024)
PB  - Atlantis Press
SP  - 653
EP  - 666
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-408-2_72
DO  - 10.2991/978-94-6463-408-2_72
ID  - Lousia2024
ER  -