Regulatory Cooperation Between Hong Kong and Mainland China’s Financial Centers—A Three-Level Comparative Analysis
摘要
The rise of the Chinese economy and its incremental financial integration with global capital markets has sparked a heated debate over the roles of Hong Kong and Mainland financial centers on China’s future economic landscape. The recent strategic support from the State Council of China to build Shanghai into an international financial and shipping center in accordance with the Chinese economic strength by 2020 is widely read by mass media that Hong Kong will soon become overshadowed by Shanghai in the near future.