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Linking global financial networks with regional development: a case study of Linyi, China

Fenghua Pan*, Chun Yang, He Wang, Dariusz Wójcik

*Corresponding author for this work

    Research output: Journal Publications and ReviewsRGC 21 - Publication in refereed journalpeer-review

    818 Downloads (CityUHK Scholars)

    Abstract

    This study applies the global financial network (GFN) framework to investigate the process and consequences of global financing for a regional economy in a financial globalization era. Using Linyi, a prefectural-level city in China as a case study, it illustrates how the regional economy has been linked with GFN via overseas listings of the lead regional firms. By incorporating in offshore jurisdictions, listing on overseas stock exchanges in world cities and through interaction with international advanced business services firms, since the early 2000s the lead firms and regional economy of Linyi have established global capital and knowledge pipelines.
    Original languageEnglish
    Pages (from-to)187–197
    JournalRegional Studies
    Volume54
    Issue number2
    Online published29 Apr 2019
    DOIs
    Publication statusPublished - 2020

    UN SDGs

    This output contributes to the following UN Sustainable Development Goals (SDGs)

    1. SDG 8 - Decent Work and Economic Growth
      SDG 8 Decent Work and Economic Growth

    Research Keywords

    • global financial network
    • world city
    • offshore jurisdiction
    • advanced business services
    • initial public offering
    • regional development

    Publisher's Copyright Statement

    • This full text is made available under CC-BY 4.0. https://creativecommons.org/licenses/by/4.0/

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