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Shifting Capital

The Rise of Financial Centres in Greater China

By Paola Subacchi, Helena Huang, Alberta Molajoni, and Richard Varghese
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This report highlights the rise of China’s financial power on the world stage, focusing on the emergence of the four financial centres in the Greater China region (Hong Kong, Shanghai, Shenzhen, and Taipei). It analyzes the convergence of their financial systems and shows how the development of these cities is closely linked with China’s domestic financial reform as well as the RMB internationalization strategy.

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