A Brief Analysis of the Reasons for the Lack of Short-term Financial Products in Hong Kong, China
Main Article Content
Keywords
Short-term financial products, Supply and demand, Technology and finance
Abstract
In mainland China, short-term financial products such as Yu 'e Bao, Changtong,Chaochaobao, stock funds, index funds, hybrid funds, and pure debt funds are favored by the public. But in Hong Kong, the world's third largest financial center, short-term financial products have disappeared. This paper analyzes the reasons for the lack of short-term financial products in Hong Kong from internal reasons such as fund companies,products and target customers and external reasons such as economy, law and science and technology through the methods of comparison, example and literature research, etc., and the theory of supply and demand. This paper also puts forward suggestions for the future development of financial products in Hong Kong and Mainland China.
References
Choi, C.-M. (2017). Hong Kong’s economic development 20 years after the handover: history, characteristics and challenges. Academic Research, 2017(05), 155-165, 178.
Li, X. (2009). Research on personal finance business in Hong Kong [Master’s thesis, Jinan University].
Zhang, M. Y., Zhao, Y. H., & Tang, H. T. (2021). Analysing the short-term financial products market in Hong Kong, China. National Circulation Economy, 2021(03), 153-155. https://doi.org/10.16834/j.cnki.issn1009-5292.2021.03.050
Sun, J. (2022). Analysis of short-term financial products under the financial market of Hong Kong, China. China Market, 2022(33), 43-46. https://doi.org/10.13939/j.cnki.zgsc.2022.33.043
Wang, L. (2018). Why is there no balance transfer in Hong Kong? Oriental Finance and Economics, 2018(09), 116.
Wu, X. (2017). The legal risk of balance treasure and its prevention [Master’s thesis, Sichuan Academy of Social Sciences].
Xiao, L. (2018). A preliminary study of Hong Kong’s financial technology overview and development opportunities. Tsinghua Financial Review, 2018(03), 52-54. https://doi.org/10.19409/j.cnki.thf-review.2018.03.016
Yang, Y., & Li, Y. (2023). An exploration of the phenomenon of no short-term financial products and low deposit and loan rates in Hong Kong financial market. China Market, 2023(03), 43-45. https://doi.org/10.13939/j.cnki.zgsc.2023.03.043
Wang, Y.-W., & Lei, Y. (2023). An analysis of the reasons for the absence of short-term financial products in Hong Kong, China. China Market, 2023(15), 48-51. https://doi.org/10.13939/j.cnki.zgsc.2023.15.048
Zhao, B. (2019). Analysis of the overview and development trend of financial technology in Hong Kong, China. Modern Economic Information, 2019(21), 284.
Article Sidebar
This work is licensed under a Creative Commons Attribution 4.0 International License.