This article casts new light on the role played by post-handover Hong Kong in China’s financial globalization. The power of the city’s markets aside, Hong Kong possesses critical political leverage that has facilitated Beijing’s liberalizing of its domestic capital market and its projection of international financial power.

Keywords:
Hong Kong, China, financial globalization, capital market opening, financial power
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© 2018 by The Regents of the University of California
2018
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