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People’s Republic of China: Hong Kong Special Administrative Region: Selected Issues

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  • International Monetary Fund

Abstract

Hong Kong, like other city financial centers, has a high private saving rate. This paper seeks to understand what the principal drivers of saving and investment in financial centers are. Cyclical frequency changes affecting international financial and trade linkages are key drivers of saving and investment fluctuations in Hong Kong. Hong Kong has a long-established track-record as Asia’s premier center for cross-border financial transactions. Its preeminence derives from its special link with Mainland China, with respect to foreign direct investment flows.

Suggested Citation

  • International Monetary Fund, 2008. "People’s Republic of China: Hong Kong Special Administrative Region: Selected Issues," IMF Staff Country Reports 2008/042, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2008/042
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    References listed on IDEAS

    as
    1. Lillian Cheung & Vincent Yeung, 2007. "Hong Kong as An International Financial Centre: Measuring its Position and Determinants," Working Papers 0714, Hong Kong Monetary Authority.
    2. Lillian Cheung & Kevin Chow & Jian Chang & Unias Li, 2006. "Outward Portfolio Investment From Mainland China: How Much Do We Expect And How Large a Share Can Hong Kong Expect to Capture?," Working Papers 0613, Hong Kong Monetary Authority.
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