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SUMMARY:Brexit and Beyond: Prospects for China's Financial Centers under G
 lobal Uncertainty - David Meyer\, Senior Lecturer in Management at Olin Bu
 siness School\, Washington University in St. Louis
DTSTART:20170503T130000Z
DTEND:20170503T150000Z
UID:TALK72396@talks.cam.ac.uk
CONTACT:Shuai Eddie WEI
DESCRIPTION:Brexit\, the exit of the United Kingdom from the European Unio
 n\, raises challenges to London’s long-term position as the leading glob
 al financial center. Some observers argue that Brexit will reshape the lea
 dership and organizational management of finance among global centers. Typ
 ically\, this view claims that London will be undermined because financial
  firms will shift to other European centers\, especially Paris and Frankfu
 rt\, in order to maintain access to the European Union. Such a potential r
 eshaping of global finance has implications for firms in China’s financi
 al centers which have had long-standing ties to London’s financial commu
 nity. Hong Kong as been the Asia-Pacific center of finance and trade since
  the nineteenth century and remains China’s window to global capital. In
  that position\, Hong Kong’s financial community retains deep ties to Lo
 ndon’s\, and if Brexit undermines that\, this means a reshaping of finan
 cial networks between Asia and Europe\, as well as to North America (prima
 rily the United States). This threat of change also impacts mainland China
 ’s centers of Shanghai\, Beijing\, and Shenzhen\, because their ties to 
 global finance are significantly mediated through Hong Kong’s financial 
 community. I argue that\, not only will London not lose its premier global
  position\, but also that global financial firms in Hong Kong will continu
 e their long-term organizational and management ties that bind mainland Ch
 ina’s centers and global financial centers outside Asia. China’s econo
 mic growth in the twenty-first century will secure the future of Hong Kong
 ’s financial community as approaching more co-equal levels of global fin
 ancial management with London’s and New York’s financial communities.
LOCATION:Room SG1\, Alison Richard Building\, Sidgwick Site\, 7 West Road\
 , CB3 9DT
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