People’s Republic of China: Hong Kong Special Administrative Region: Selected Issues
February 4, 2008
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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.
Subject: Balance of payments, Capital flows, Foreign direct investment, Import prices, National accounts, Portfolio investment, Prices, Private savings
Keywords: Asia and Pacific, Capital flows, CR, FDI flow, Foreign direct investment, Global, Hong Kong SAR, Import prices, investment, investment efficiency, investment error-correction parameter, investment rate, ISCR, portfolio investment, Portfolio investment, Private savings, Sar, saving-investment relationship, world share
Pages:
33
Volume:
2008
DOI:
Issue:
042
Series:
Country Report No. 2008/042
Stock No:
1HKGEA2008001
ISBN:
9781451816976
ISSN:
1934-7685
