Regional Financial Center─The Comparative Study of Singapore, Hong Kong, Shanghai, Taipei and Seoul / 區域金融中心─新加坡、香港、上海、台北及首爾之評比研究

碩士 / 國立政治大學 / 行政管理碩士學程 / 94 / Since the economy in East Asia has been flourishing remarkably after the World War II, few major cities in this region have undoubtedly become international and grow rapidly in the last few decades. Singapore, Hong Kong, Taipei, Shanghai and Seoul are the five leading cities in East Asia, located from south to north, in respect of their financial importance. Moreover, people in these cities eager to improve them to take the place as the leading regional financial center. It is but hard to estimate and compare each of them with the other, for each has both its advantages and disadvantages. In fact, the study on the concrete shape and future of the expected regional financial center must take into account not only the spatial field survey of city and local economy, but also that of the financial field concerning monetary and finance economy. That is, to bridge over the research of spatial and financial field as well as to understand the relative competitiveness among these cities to develop regional financial centers. In this regard, the study gathers information about the foreign direct investment of capital flows, the scope of financial market, the productivity of financial service industry as well as legal and regulatory environments in these cities on the one hand, and interview many experts to have their opinions on the issue on the other hand.
The result of the study indicates that both the spatial and financial field survey emphasize the importance of governmental support and political stability, and prove consistency in the opinion about the supportive role of economic power in each financial center. However, the spatial field survey considers government-drive as the most relevant element of developing a global city as the regional financial centre, while that from financial field inclines to support market-drive as the key element and persuade government to keep the free-market policy.
According to the analysis of expert interviews, there are many determinant elements for developing a regional financial centre, including financial liberalization, internationalization and human capital, fundamental infrastructure, efficiency of financial market and so on. They also indicate that local government plays a critical but most influential role. Meanwhile, all experts regard Hong Kong as the top one among these local financial centers, Singapore as the second, and most experts consider Taipei as the third and Shanghai as the third or the forth, while they all take Seoul as the last. Expert opinions about Taipei and Shanghai are ambiguous, so far as local governments in the two cities play the key role but fail to provide certainty in the future. Finally, it is without doubt that the five cities have their advantages and disadvantages to fulfill different functions.

Identiferoai:union.ndltd.org:TW/094NCCU5149063
Date January 2006
CreatorsChen,Ya Ping, 陳雅萍
ContributorsChen,Hsiao Hung, 陳小紅
Source SetsNational Digital Library of Theses and Dissertations in Taiwan
Languagezh-TW
Detected LanguageEnglish
Type學位論文 ; thesis
Format199

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