Cover IMF Staff Country Reports
People’s Republic of China: Hong Kong Special Administrative Region: Selected Issues
Author: International Monetary Fund
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2008: Issue 042
Language:
English
Publication Date:
04 Feb 2008
DOI:
https://doi.org/10.5089/9781451816976.002
ISBN:
9781451816976
ISSN:
1934-7685
Pages:
33
Keywords:
ISCR; CR; Hong Kong SAR; investment; Sar; portfolio investment; FDI flow; investment rate; investment efficiency; saving-investment relationship; world share; investment error-correction parameter; Foreign direct investment; Portfolio investment; Import prices; Capital flows; Private savings; Asia and Pacific; Global
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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.
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund