ATaleofTwoCities——ShanghaiHongKongAsINTERNATIONAL.pptVIP

By Yim, Hosea Zhang, Herbert;Shanghai’s successful bid for the 2010 World Expo;Shanghai;Typologies of Financial Centre;Paper Center A location for recording financial transactions only, but little or no actual banking or financial business is carried out there. Many transnational financial institutions find it convenient, for example, to keep “shell” offices in jurisdictions where taxes and prudential regulations are nonexistent or nominal, in order to minimize their overall costs. Integrated Centre Refers to one in which no artificial barriers exist between onshore and offshore markets, so t