International Journal of Business and Social Science

ISSN 2219-1933 (Print), 2219-6021 (Online) DOI: 10.30845/ijbss

Comparative Analysis of Shanghai and Hong Kong’s Financial Service Trade Competitiveness
Ying Li, Longfei Liu, Lijun Liang

With the rise of finance, information and communication technology as the representative of the knowledgeintensive service industry what represents the emerging service industry’s development direction, financial service industry is becoming an important support in the future economic development, the development situation of financial service trade has become an important symbol to measure a country or region’s international competitive. On September 29th 2013, Shanghai officially launched ‘China (Shanghai) Pilot Free Trade Zone’, greatly promoting the process of the Shanghai’s construction of international financial centre, and bringing the new opportunities for the development of financial service trade. Compared with Shanghai, Hong Kong's financial service trade has been in the international advanced level, this paper combines these two cities’ currently development situation of financial service trade, trying to identify gaps in Shanghai and Hong Kong to provide some suggestions for the better development of Shanghai’s financial service trade in the future.

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