Author: desperado123

Shanghai, or Hongkong which one would be the financial center of China? [Copy link] 中文

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Post time 2007-5-29 12:52:40 |Display all floors
Those in the hinterland which will boom sooner or later should also be able to have more choices of financial products and services. If this industry is to regenerate itself and transform itself for this new century, better sooner than later that it upgrades its offerings and delivery efficiencies. By having more modern facilities available in more pinnacle cities, face-to-face customer service will continue and in fact get fresh impetus to modernize, while new types of financing can help businessmen in the non-supercities get better yields. There's a lot that Shanghai and HongKong can do to lift up the other cities and in return they can provide a more efficient network that can help source for funds from overseas as much local.  For instance someone in Wuhan embarking on a project can get a special fund customized for his project cashflow that involves trade financing to a particular customer in a foreign land, using facilities from the branch of the local bank/investment house etc. in Wuhan, add-on modelling by a banker from HK, add-on mezzanine financing from another bank hq'ed in Shanghai which has expertise towards listing in Tianjin.

Just remove the walls from the mind and figure out the risks-vs-rewards.

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Post time 2007-5-30 12:03:19 |Display all floors

Reply #51 zglobal's post

ha ha ha

that's why we have to tell my HONGKIE brethrens...must know how to "chup san"...

ha ha ha

Anyway, the Guangzhounese brethren is widespread and financial prowess amazing!

The world now has investible net liquid funds of probably US$110 trillion in the world (in bourse and bonds).
The Englishman leads with almost US$10 trilliion + another US$5 trillion (rebel English in the Americas)
Then the Chinese with the extensive Southern chinese diaspora - I estimate should be worth somewhere US$6-7 trillion with the diaspora, and doubling with the inclusion of the mainland. (The singapore govt. GIC, is already US$300 billion - to give you idea of the size; and now the Mainland Central Mandarinate has also a US$300 billion fund)
The Japanese would be third, they have a lot of household savings + a large bourse...maybe US$12 trillion?


cheerios!


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[ Last edited by greendragon at 2007-5-30 12:04 PM ]

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Post time 2007-5-30 12:06:25 |Display all floors

Reply #57 markwu's post

That's the idea, Mr. Markwu.

The rising tide, lifts all....
but, how do you pacify those regions that starts to compare "figures" instead of "enjoyable lifestyles"


Cheerios!


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Post time 2007-6-14 12:54:11 |Display all floors
Hong Kong's prosperity can be spread to other parts of China.
What Hong Kong really need is land space.
Over 6 million people are cramped into tiny Hong Kong.
If China could give Hong Kong more lands from neighbouring provinces, then it'll be a win-win situation.
Say if Hainan island is given to Hong Kong as a good will gesture from China, Hong Kong will have lots of land space to expand.
Hainan will also benefit from Hong Kong's financial and modern technical support.
Hainan will in turn be a magnet for overseas FDI,  especially Chinese from Southeast Asia.

[ Last edited by correction at 2007-6-14 12:56 PM ]

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Post time 2007-6-14 17:20:37 |Display all floors
My hunch is this:

Hong Kong will remain a hub for the ASEAN countries and foreign SME who were just trying out China. People might feel more safe parking their money their since it's under a separate administration. Shanghai will increasingly become the hub for international conglomerate and more importantly, Taiwanese investors.

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Post time 2007-6-14 19:32:36 |Display all floors
Shanghai, or Hongkong which one would be the financial center of China?

Definitely, Shanghai!

A lot of western businesses are setting up there.
I am Chinese and Proud of it!

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Post time 2007-6-18 13:28:15 |Display all floors

Reply #60 correction's post

You do forget Shenzen quite fast.....
and Zhuhai.....if we can have that bridge....
and the PEARL RIVER DELTA is a massive 80 million METROPOLIS....guess what that'll do in 2012 when the GNP per capita reaches US$10,000!!!

ha ha ha


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