The Hong Kong protests will not undermine it as a leading global financial centre. Issue 3 (2nd July 2020)

• Record Type: Journal Article
• Authors: Meyer, David R.
• Is Part Of: Area development and policy. Volume 5:Issue 3(2020)
• Page Start: 256
• Page End: 268
• Publication Date: 2020-07-02
• Subjects: Beijing -- China -- financial centre -- financial geography -- Hong Kong -- protests; 北京 -- 中国 -- 金融中心 -- 金融地理 -- 香港 -- 抗议活动; Pekín -- China -- centro financiero -- geografía financiera -- Hong Kong -- protestas; Пекин -- Китай -- финансовый центр -- финансовая география -- Гонконг -- протесты; Regional planning -- BRIC countries -- Periodicals; Economic development -- BRIC countries -- Periodicals; Rural-urban relations -- BRIC countries -- Periodicals; Human geography -- BRIC countries -- Periodicals; Regional planning -- Developing countries -- Periodicals; Economic development -- Developing countries -- Periodicals; Rural-urban relations -- Periodicals; Human geography -- Developing countries -- Periodicals; 338.90091724
• DOI: 10.1080/23792949.2020.1738249
• Languages: English
• ISSNs: 2379-2949

Abstract

ABSTRACT: Critics claim the 2019 protests in Hong Kong undermine it as a leading global financial centre. Drawing on the 'geography of finance' research and its focus on financial networks as a means to explain how financial centres operate and other empirical evidence, this article argues that Hong Kong's status as the leading Asia-Pacific financial centre and as head of China's financial centre networks is secure for three reasons. China's government will continue to support it; Hong Kong's financial networks possess extraordinary scale and sophistication; and no viable alternative centre has emerged to challenge Hong Kong as Asia-Pacific leader.