The rise of Hong Kong and Tokyo as international financial centres after 1950

摘要: One of the most striking aspects 1960s and 1970s was dramatic increase in volume international financial activity acceleration pace innovation. Accompanying these two linked developments geographical dispersion rise new centres. This paper examines this process Hong Kong Tokyo. Particular emphasis is placed on how very different regulatory frameworks cities affected their prospects models emergence as IFCs. For Tokyo, case Hongkong Shanghai Bank used an example nature foreign bank activity. The concludes with some reflections historical record informs our understanding performance centres during 1990s.