RMB Internationalization and Shanghai International Financial Center Construction Research

2012 ◽  
Author(s):  
Liu Xilin
Keyword(s):  
Financial Center ◽  
International Financial Center ◽  
Rmb Internationalization

scholarly journals Financial centers of new industrial countries in the world financial architecture

2021 ◽  
Vol 70 (3) ◽  
pp. 188-199
Author(s):  
M. Savchenko ◽  
L. Tsybrii
Keyword(s):  
Hong Kong ◽  
Exchange Rate ◽  
Stock Market ◽  
Open Economy ◽  
Social Progress ◽  
Financial Architecture ◽  
The World ◽  
Financial Center ◽  
Definition Of ◽  
International Financial Center

The views of scholars concerning the definition of «international financial center», which makes it possible to formulate the definition of international financial center essence are summarized in this paper. The factors influencing the formation of international financial center incluing: stable financial system, stable currency, exchange rate stability, political and social stability in the country, favorable geographical location, developed financial infrastructure, open economy for free movement of capital, etc. are identified. The role of international financial centers in increasing their global competitiveness, achieving higher levels of economic growth, prosperity and social progress is substantiated. The classification of international financial centers is investigated. The place of the Hong Kong Financial Center in the financial architecture of the world is determined. The main parameters of the current state of the Hong Kong Financial Center: the USD / HKD exchange rate, the effective exchange rate index weighted by trade, the Hang Seng index, market capitalization, etc. are diagnosed. SWOT-analysis of the Hong Kong Financia Cente is carried out in order to identify its strengths, weaknesses, opportunities and threats. Based on the results of the problem of its functioning, a set of measures to improve competitiveness is also proposed. Hong Kong has favorable macroeconomic and institutional environment, qualified personnel, and is the fifth most competitive international financial center in the world. However, there is a low degree of international element in the domestic stock market, there is also risk of losing the status of «international financial center», other regional economies that have greater access to international investment opportunities in the stock market, such as Singapore, may be a threat. The financial center should focus on overcoming the effects of the coronavirus, promote the share of foreign investment in the economy, take a set of measures to overcome the country's recession, review legal, regulatory and tax requirements to promote development, improve quality of life and attractiveness, and become Asia's leading currency hub.

Tokyo's Ultimately Failed Bid for First-Tier International Financial Center Status: Why Did It Fall Short?

2014 ◽  
Vol 13 (3) ◽  
pp. 1-25
Author(s):  
Huw McKay
Keyword(s):  
Timely Fashion ◽  
Financial Center ◽  
Japanese Yen ◽  
International Financial Center

Tokyo's bid to ascend to the very top tier of international financial centers (IFCs) was ultimately unsuccessful. This paper argues that to overcome the large disadvantages of being a latecomer, the IFC goal must be elevated above other competing objectives so that the necessary intermediate steps can be achieved in timely fashion. The most important specific failing was the inability of the Japanese yen to become a major international vehicle currency. With a sharper and earlier policy focus, particularly in the area of yen trade invoicing, Tokyo's bid for first tier IFC status would have been a more compelling one.

scholarly journals Moscow as International Financial Center: Ideas, Plans and Perspectives

2011 ◽  
Vol 2 (2) ◽  
pp. 144-152 ◽  
Author(s):  
Dmitry Abramov ◽  
Stanislav Polezhaev ◽  
Mikhail Sherstnev
Keyword(s):  
Financial Center ◽  
International Financial Center

scholarly journals The Perspectives Of The Establishment Of International Financial Centers In Uzbekistan And The Implementation Of English Law

2021 ◽  
Vol 12 (4) ◽  
pp. 1104-1108
Author(s):  
Otabek Narziev, Et. al.
Keyword(s):  
Common Law ◽  
Legal Regime ◽  
Free Economic Zone ◽  
Financial Center ◽  
Economic Zone ◽  
English Law ◽  
Economic Zones ◽  
International Financial Center

In this article analyzed main notions of international financial center and its brief history, and the views of several scientists from different countries about international financial centers and its types. Moreover, it is also researched the perspectives of the establishment of international financial centers as one type of free economic zones in Uzbekistan. In addition, in this article researched the main features of common law, its implementation as a special legal regime on regulating international financial centers in Uzbekistan. As result of analyzes, it is illustrates legal, financial and other potential of establishment common law based international financial center as a type of free economic zone in Uzbekistan.

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