Geography Distinguished Webinars Series
China’s policies support Hong Kong as the pivot of financial networks
Date: 14 MAR 2023 (Tuesday)
Time: 15:00-17:00 (HKT)
Venue: Chamber, Faculty of Social Sciences, 11/F, The Jockey Club Tower, Centennial Campus, HKU
Registration link: https://hkuems1.hku.hk/hkuems/ec_hdetail.aspx?guest=Y&ueid=86439
Detractors inside and outside of Hong Kong claim that China’s policies undermine Hong Kong as the leading Asian financial centre. This reflects a misunderstanding of the city’s status as the premier financial centre. It’s financiers and their firms are the pivotal node of Asia’s financial networks, a position they have held since the late-19th century. China’s policies assure that Hong Kong will maintain that role. China reorganized its Hong Kong and Macau Office and posted senior governmental liaison people with direct ties to a Vice Premier in Beijing. This ensures that Hong Kong benefits from policy support at the top levels of China’s government. The appointment of a senior official in the Foreign Ministry to be based in Hong Kong means that the international affairs of the city are protected by the central government. Critics claim that China undermines press freedom, but they fail to recognize that Hong Kong’s business press, including mainland Chinese newspapers, provide full access to standard business news. The city’s financial community possesses superb access through their business networks to sophisticated knowledge not covered in the press.
Professor David MEYER
Senior Lecturer in Management, Olin Business School, Washington University, St. Louis, United States
David Meyer is Senior Lecturer in Management at Olin Business School, Washington University in St. Louis, teaching international business, with a focus on Asia. Prior to this he was Professor of Sociology & Urban Studies at Brown University. He received his PhD from the University of Chicago. His publications include six books and monographs and over 65 articles and book chapters. His book, Hong Kong as a Global Metropolis (Cambridge University Press, 2000), interpreted it as the pivot of Asian business networks. His research focuses on financier network behavior, Asian financial centers, especially Hong Kong, and Asian economic development. His newest book is The Networked Financier (Oxford University Press, 2023) which draws on his database of digitally recorded interviews with leading global financiers.