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Exploring financial centre networks through inter-urban collaboration in high-end financial transactions in China

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  • Fenghua Pan
  • Wenkai Bi
  • Xingjian Liu
  • Thomas Sigler

Abstract

This study employs social network analysis to investigate financial networks in China through collaboration between advanced producer services firms in initial public offerings. The results reveal that Beijing, Shenzhen and Shanghai have strategically dominant network positions, and that Beijing–Shenzhen is the most influential city dyad. Cities’ positions are explained by the advantages of both spatial and institutional proximity, defined by arm’s-length transactions to relevant partner firms and government bodies. The network hierarchy mirrors the country's political hierarchy, as network positionality is tied to the location of large state-owned enterprises, government regulators and the embedded power structures that reflect this.

Suggested Citation

  • Fenghua Pan & Wenkai Bi & Xingjian Liu & Thomas Sigler, 2020. "Exploring financial centre networks through inter-urban collaboration in high-end financial transactions in China," Regional Studies, Taylor & Francis Journals, vol. 54(2), pages 162-172, February.
    • Handle: RePEc:taf:regstd:v:54:y:2020:i:2:p:162-172
    DOI: 10.1080/00343404.2018.1475728
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    Cited by:

    1. Vladimír Pažitka & Michael Urban & Dariusz Wójcik, 2021. "Connectivity and growth: Financial centres in investment banking networks," Environment and Planning A, , vol. 53(7), pages 1789-1809, October.

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