www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

USEUROPEAFRICAASIA 中文雙語Fran?ais
Opinion
Home / Opinion / Op-Ed Contributors

Looking for union from 'accord of men'

By Hong Liang | China Daily | Updated: 2013-08-03 07:34

For quite sometime, Shanghai has been talking about becoming an international financial center on par with New York and London. The proposed free trade zone in the city is widely seen to have the potential of bringing its dream a big step closer to reality.

After the green light was given for the project last month, many economists and commentators have enthused about the many possibilities and predicted resounding success even though details of the plan have yet to be announced. Their comments in the media and on the Internet suggest that modern infrastructure, friendly rules and tax incentives are all that needs to create an international financial center. That's overly presumptuous.

Both Hong Kong and Singapore, which are well-established international financial centers in the region, recognized long time ago that an international financial center was built by institutions and their people more than anything else. The Singapore government invited Bank of America to establish a US dollar offshore market from which other financial services were spawned. In Hong Kong, the influx of foreign banks, including numerous merchant, or investment, banks in the 1980s to do cross-border lending and other financial businesses, underscored the city's success.

These foreign institutions brought with them not only the expertise they had accumulated in other markets, but, more importantly, global clients, including many multinational companies and large enterprises in various regional economies. Without such an international client network, it would have been impossible for a regional syndicated loan market to take hold in Hong Kong.

Of course, the large domestic institutions, notably HSBC in Hong Kong, were active participants in the building of the financial center from the start. But it didn't take long for the other smaller domestic banks to jump on the bandwagon as fund providers at first and co-managers at a later stage. In the process, they too have acquired the financial strength and expertise to compete with the big boys for a piece of the business.

 

Previous 1 2 Next

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 亚洲精品在线视频观看 | 成人精品在线视频 | 久草在线视频精品 | 真正国产乱子伦高清对白 | 亚洲国产天堂久久九九九 | 亚州免费一级毛片 | 亚洲欧洲日产国码二区首页 | 日本成人免费在线视频 | 一个人免费观看日本www视频 | 亚洲精品一区二区在线观看 | 免费国产黄网站在线观看视频 | 国产精自产拍久久久久久蜜 | 全部免费国产潢色一级 | 欧美日韩一区二区三在线 | 成年女人免费看 | 成人免费真人毛片视频 | videos性欧美 | 国产精品久久久久国产精品 | 免费萌白酱国产一区二区三区 | 日本aaaa级片 | 欧美jizzhd精品欧美另类 | 久久精品在现线观看免费15 | 免费黄色欧美 | 黄免费看 | 三级网站免费看 | 台湾一级特黄精品大片 | 女人张开双腿让男人桶爽免 | 成人软件18免费网站 | 久久精品国产精品亚洲艾 | 国产欧美日本亚洲精品五区 | 久久道 | 精品九九视频 | 欧美一区二区三区视频在线观看 | 亚洲精品日韩专区在线观看 | 手机看片1024久久精品你懂的 | 久久亚洲国产午夜精品理论片 | 男人性天堂 | 久久国产一级毛片一区二区 | 日本韩国中文字幕 | 国产成人精品视频在放 | 欧美日韩精品一区二区三区视频播放 |