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題名 新加坡的金融中心發展-內部與外部因素
Singapore’s Financial Cluster in Light with Internal and External Forces作者 何杰鴻
Jerome Jean Maurice Hernad貢獻者 姜家雄
Alex Chiang
何杰鴻
Jerome Jean Maurice Hernad關鍵詞 Singapore
Finance
Banking
Cluster
Singapore
Finance
Banking
Cluster日期 2013 上傳時間 14-Jul-2014 11:33:21 (UTC+8) 摘要 新加坡共和國(以下簡稱新加坡)長期以來致力推動該國金融產業的自主性發展,並強化該產業成為國家經濟動能的要角。本論文擬深度剖析新加坡獨特的銀行與金融法規,並分析新加坡在金融業經營管理人才的教育培訓、伊斯蘭金融體系的崛起、人民幣國際化等政策面向所做的努力,以彌補現有學術領域對該國金融業研究的不足和缺口。本文所採用的分析期間從新加坡啟動金融業自由化開始的1999年,截至2014年為止;而在分析架構方面,我們採用Michael Porter的產業鑽石模型來勾勒出新加坡金融業的產業競爭優勢。此外,我們藉由檢驗已取得的原始資料與當地市場的條件分析,進一步評估存在於新加坡金融體系的潛在風險和成功要素。從本文分析結果顯示,新加坡金融業仍缺乏於其競爭對手-香港所擁有的關鍵性經濟規模;此外,該國在金融業經營管理人才的培訓成效上仍然不足。儘管新加坡政府宣稱將推動該國成為人民幣的境外金融中心,然而該政策僅著重在中華人民共和國的市場開發,並非擴展及整個東南亞區域。
The Republic of Singapore has long had a voluntary policy of developing its financial sector, and making it an essential part of its economy. This thesis aims at filling in the gaps of the current knowledge about Singapore’s financial cluster, through an in-depth analysis of Singapore’s unique set of banking and financial regulations, and recent developments that include the education of financial managers, the rise of Islamic finance, and the internationalization of the Renminbi.The time frame used to analyze it spans from the liberalization of Singapore’s financial and banking sector, which started in 1999, till 2014. The framework of Porter’s ‘Diamond model’ has been used to outline the strength, and weaknesses of the financial cluster.Shortcomings and successes of Singapore’s financial cluster have been evaluated by analyzing primary sources available, and by examining the local environment.Singapore’s financial cluster still lacks critical mass in comparison to that of its rival, Hong Kong. Furthermore, weaknesses remain in regards to the educational level of financial and banking managers.The recent developments to set Singapore as an offshore Renminbi center can only be acclaimed, however its main focus on the People’s Republic of China, needs to be broadened, to include the overall Southeast Asian region.參考文獻 Acharya , A. (n.d.). International relations and area studies: towards a new synthesis?(2) Retrieved from Institute of Defence and Strategic Studies, Nanyang Technological University website: http://www.rsis.edu.sg/publications/SSIS/SSIS002.pdfADB Asia Capital Market Monitor (2009). 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國立政治大學
亞太研究英語碩士學位學程(IMAS)
101926037
102資料來源 http://thesis.lib.nccu.edu.tw/record/#G1019260372 資料類型 thesis dc.contributor.advisor 姜家雄 zh_TW dc.contributor.advisor Alex Chiang en_US dc.contributor.author (Authors) 何杰鴻 zh_TW dc.contributor.author (Authors) Jerome Jean Maurice Hernad en_US dc.creator (作者) 何杰鴻 zh_TW dc.creator (作者) Jerome Jean Maurice Hernad en_US dc.date (日期) 2013 en_US dc.date.accessioned 14-Jul-2014 11:33:21 (UTC+8) - dc.date.available 14-Jul-2014 11:33:21 (UTC+8) - dc.date.issued (上傳時間) 14-Jul-2014 11:33:21 (UTC+8) - dc.identifier (Other Identifiers) G1019260372 en_US dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/67489 - dc.description (描述) 碩士 zh_TW dc.description (描述) 國立政治大學 zh_TW dc.description (描述) 亞太研究英語碩士學位學程(IMAS) zh_TW dc.description (描述) 101926037 zh_TW dc.description (描述) 102 zh_TW dc.description.abstract (摘要) 新加坡共和國(以下簡稱新加坡)長期以來致力推動該國金融產業的自主性發展,並強化該產業成為國家經濟動能的要角。本論文擬深度剖析新加坡獨特的銀行與金融法規,並分析新加坡在金融業經營管理人才的教育培訓、伊斯蘭金融體系的崛起、人民幣國際化等政策面向所做的努力,以彌補現有學術領域對該國金融業研究的不足和缺口。本文所採用的分析期間從新加坡啟動金融業自由化開始的1999年,截至2014年為止;而在分析架構方面,我們採用Michael Porter的產業鑽石模型來勾勒出新加坡金融業的產業競爭優勢。此外,我們藉由檢驗已取得的原始資料與當地市場的條件分析,進一步評估存在於新加坡金融體系的潛在風險和成功要素。從本文分析結果顯示,新加坡金融業仍缺乏於其競爭對手-香港所擁有的關鍵性經濟規模;此外,該國在金融業經營管理人才的培訓成效上仍然不足。儘管新加坡政府宣稱將推動該國成為人民幣的境外金融中心,然而該政策僅著重在中華人民共和國的市場開發,並非擴展及整個東南亞區域。 zh_TW dc.description.abstract (摘要) The Republic of Singapore has long had a voluntary policy of developing its financial sector, and making it an essential part of its economy. This thesis aims at filling in the gaps of the current knowledge about Singapore’s financial cluster, through an in-depth analysis of Singapore’s unique set of banking and financial regulations, and recent developments that include the education of financial managers, the rise of Islamic finance, and the internationalization of the Renminbi.The time frame used to analyze it spans from the liberalization of Singapore’s financial and banking sector, which started in 1999, till 2014. The framework of Porter’s ‘Diamond model’ has been used to outline the strength, and weaknesses of the financial cluster.Shortcomings and successes of Singapore’s financial cluster have been evaluated by analyzing primary sources available, and by examining the local environment.Singapore’s financial cluster still lacks critical mass in comparison to that of its rival, Hong Kong. Furthermore, weaknesses remain in regards to the educational level of financial and banking managers.The recent developments to set Singapore as an offshore Renminbi center can only be acclaimed, however its main focus on the People’s Republic of China, needs to be broadened, to include the overall Southeast Asian region. en_US dc.description.tableofcontents Chapter 1. Introduction 11.1 Overview 11.2 Purpose of the research 21.3 Theoretical framework 31.3.1 Cluster theory 31.3.2 Porter’s diamond model 41.3.2.1 Overview 41.3.2.2 Demand conditions 51.3.2.3 Factor conditions 51.3.2.4 Related and supporting industries 61.3.2.5 Firm strategy, structure and rivalry 61.3.2.6 Limitations of Porter’s diamond model 61.3.3 Summary 71.4 Literature review 71.5 Background information 91.5.1 Development stages of the Republic of Singapore 91.5.1.1 The path to self-governance and independence 91.5.1.2 The Republic of Singapore’s first industrial revolution and the following turmoil 111.5.1.3 The second industrial revolution: A hazardous journey 121.5.1.4 The 1991 Strategic Economic Plan: a turning point 141.6 Chapters layout 16Chapter 2. Emergence of Singapore as a Full-bodied Financial and Banking Cluster, and Performance from 1997 to 2013 172.1 The 1997 Asian Financial Crisis: a wake up call for Singapore’s financial center 172.1.1 Impact on Asia 172.1.2 Impact on Singapore 192.1.3 Impact on the Singapore Dollar 202.1.4 Impact on Singaporean banks 222.1.5 Impact on the Stock Exchange of Singapore (SES) and the Singapore International Monetary Exchange Limited (Simex) 222.2 Liberalization of Singapore’s Financial and Banking Market: Singapore’s answer to the 1997 Asian Financial Crisis 232.2.1 First phase of the reform 242.2.1.1 Qualifying Full Banks 242.2.1.2 Restricted banks 252.2.1.3 Offshore banks 252.2.2 Second phase of the reform 252.2.2.1 Outcome for local banks 262.2.2.2 New license scheme for foreign banks 262.2.2.3 Outcome for foreign banks 272.3 Specificities of Singapore’s financial cluster 282.3.1 Asian Dollar Market 282.3.1.1 Asian Currency Units 282.3.1.2 Asian Dollar Bond Market 312.3.2 The Banking Act and the Trust Companies Act: guarantors of Singapore’s status as a “tax heaven” 332.3.2.1 Singapore’s Banking Act 332.3.2.1.1 Impact of the 2008 financial crisis on the Banking Act 342.3.2.2 Singapore’s Trust Companies Act 352.3.3 Summary 362.4 Case study of the impact of the liberalization on three banks operating in Singapore 362.4.1 Recent performance of Singapore’s domestic banks 372.4.2 Singapore’s “Big Three” from 1997 to 2013 382.4.2.1 DBS 382.4.2.2 OCBC 392.4.2.3 UOB 402.4.2.4 Summary 402.5 Evaluation of the evolution of Singapore’s banking and financial market 432.5.1 Singapore’s foreign exchange market 432.5.2 Singapore’s stock market 442.5.2.1 Attractiveness of SGX for foreign companies 452.5.2.2 The ASEAN Trading Link 462.5.3 Private banking and wealth management in Singapore 472.5.3.1 Private banking 472.5.3.1.1 The importance of HNWIs 482.5.3.2 Wealth management 502.5.3.2.1 Influence of CPF on Singapore’s wealth management industry 52Chapter 3. Factor Conditions and Global Linkages at Play in Singapore’s Financial Cluster 533.1 Introductory remarks 533.2 Education and capacity building: a crucial factor condition 533.2.1 Educational offer aimed at the banking and financial sector 543.2.1.1 Impact of the Institute of Banking and Finance, of the Financial Industry Competency Standards, and of the Wealth Management Institute 553.2.2 Scholarships programs 563.2.3 The issue of skilled labor immigration in light with the performance of the local workforce in the banking and financial sector 563.3 Islamic Finance 583.4 The Renminbi factor 603.4.1 The internationalization of the RMB: historical development 603.4.2 Where does Singapore stand in the race to become a major RMB offshore center? 623.4.3 As China develops its internal financial market, is it too late for Singapore to enter the competition? 63Chapter 4. Conclusion 644.1 Concluding remarks 644.1.1 Evaluation of Singapore’s financial cluster: strengths and weaknesses 654.2 Policy recommendations 66References 67Appendix 85MAS statement on measures to liberalise commercial banking and upgrade local banks 17 May 1999 (Monetary Authority of Singapore, 1999) 85 zh_TW dc.format.extent 1613833 bytes - dc.format.mimetype application/pdf - dc.language.iso en_US - dc.source.uri (資料來源) http://thesis.lib.nccu.edu.tw/record/#G1019260372 en_US dc.subject (關鍵詞) Singapore zh_TW dc.subject (關鍵詞) Finance zh_TW dc.subject (關鍵詞) Banking zh_TW dc.subject (關鍵詞) Cluster zh_TW dc.subject (關鍵詞) Singapore en_US dc.subject (關鍵詞) Finance en_US dc.subject (關鍵詞) Banking en_US dc.subject (關鍵詞) Cluster en_US dc.title (題名) 新加坡的金融中心發展-內部與外部因素 zh_TW dc.title (題名) Singapore’s Financial Cluster in Light with Internal and External Forces en_US dc.type (資料類型) thesis en dc.relation.reference (參考文獻) Acharya , A. (n.d.). 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