The Frontiers of Society, Science and Technology, 2020, 2(17); doi: 10.25236/FSST.2020.021716.
Desheng Lin1, Rui Gan2, Weijun He3
1 Bryant University, 1150 Douglas Pike,Simithfield, RI, 02917 U.S.A
2 University of Bristol; Senate House, Tyndall Ave, Bristol, United Kingdom, BS8 1TH. UK
3 China University of Political Science and Law; No. 27 Fuxue Road, Changping Dist, Beijing, 102249, China
Hong Kong's financial free hut ranking dropped from Top 3 to Top 6 in the world due to the anti-amendment incident in the second half of 2019 and the COVID-19 epidemic in the first half of 2020. With the enactment of the National Security Law, many people around the world have raised doubts that Hong Kong has been marginalized by China's central government. This article will further analyze the impact of Hong Kong’s situation in China from the perspective of China's mainland cities, including Hainan free trade zone, that is Hong Kong is the irreplaceable financial free hub. Meanwhile, Mundellian Trilemma theory will be used in analyzing the influence of exchange rate on Hong Kong and Mainland China.
Mundellian trilemma, The importance of hong kong to china
Desheng Lin, Rui Gan, Weijun He. The Irreplaceable Financial Free Hub -- Hong Kong. The Frontiers of Society, Science and Technology (2020) Vol. 2 Issue 17: 98-103. https://doi.org/10.25236/FSST.2020.021716.
[1] Fan, L., Bai, Y., Zhao, J., Chen, Q., Yang, S., Wang, W (2020). Ting quanwei zhuanjia shuo guoanfa [Listen to authoritative experts to interpret the Hong Kong Security Law]. Global Times. Retrieved August 20.
[2] Gangfeng.com. (2020, February 12). Sheishi quanqiu zuida lian renminbi shichang [Who is the world's largest offshore renminbi market]. Retrieved August 22, 2020.
[3] Hélène Rey. (2016). International channels of transmission of monetary policy and the Mundelein trilemma (NBER No. 21852). Cambridge: NBER.