This paper assesses the major cities in mainland China that are competing to become international financial centers (IFC). Shanghai, Beijing, and Shenzhen are compared in terms of their strengths and weaknesses as IFCs. We find that in China, the state plays a particularly important role in the growth of a financial center by providing favorable policies, creating localization economies, consolidating banks, and strengthening the city's power through state-owned enterprises. Our analyses generate a contour map of China's emerging IFCs in a global context and thus provide an important first step toward theorizing IFC development in a transitional economy.

published_or_final_version / Education / Master / Master of Education

abstract / Housing Management / Master / Master of Housing Management

published_or_final_version / Sociology / Doctoral / Doctor of Philosophy

published_or_final_version / Architecture / Master / Master of Philosophy

published_or_final_version / Civil Engineering / Master / Master of Philosophy

by Wong Ting Yu. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1995. / Includes bibliographical references (leaves 43-45). / ABSTRACT --- p.ii / TABLE OF CONTENTS --- p.iv / LIST OF TABLES --- p.vi / ACKNOWLEDGMENTS --- p.vii / Chapter / Chapter 1. --- INTRODUCTION --- p.1 / Chapter 1.1 --- Objective and Structure --- p.1 / Chapter 1.2 --- Dividends and Dividend Policy --- p.3 / Chapter 2. --- LITERATURE REVIEW --- p.5 / Chapter 3. --- A BRIEF REVIEW OF THE DEVELOPMENT OF THE SHENZHEN STOCK MARKET --- p.9 / Chapter 4. --- PRACTICES OF AND CONSTRAINTS ON SHENZHEN LISTED FIRMS' DIVIDEND POLICIES --- p.12 / Chapter 4.1 --- Legal Constraints on Dividends --- p.12 / Chapter 4.2 --- Stipulations in Company Articles --- p.14 / Chapter 4.3 --- Constraints of Authorities on Dividend Policies --- p.15 / Chapter 4.4 --- Practices of Dividend Policies --- p.17 / Chapter 5. --- A GENERAL BEHAVIOR STUDY ON SHENZHEN LISTED FIRMS DIVIDEND POLICIES --- p.19 / Chapter 5.1 --- Hypotheses --- p.19 / Chapter 5.2 --- Evidences --- p.22 / Chapter 5.3 --- Further Explanations --- p.31 / Chapter 5.4 --- Preliminary Evidence for Market Response of Dividend Policies --- p.35 / Chapter 6. --- A TIME SERIES AND CROSS SECTIONAL COMPARISON AMONG DIVIDEND POLICIES --- p.37 / Chapter 6.1 --- Comparison of Cash Dividends in 1992/1993 --- p.37 / Chapter 6.2 --- Comparison of Cash Dividend Payout Ratio Among Industries --- p.39 / Chapter 7. --- CONCLUSIONS --- p.41 / BIBLIOGRAPHY --- p.43

Thesis (M.A.)--University of Hong Kong, 1985.

published_or_final_version / Housing Management / Master / Master of Housing Management

published_or_final_version / Architecture / Master / Master of Landscape Architecture