Reframing labour market mobility in global finance: Chinese elites in London’s financial district

Hall, Sarah (2018) Reframing labour market mobility in global finance: Chinese elites in London’s financial district. Urban Geography . ISSN 0272-3638

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Abstract

In this paper, I use the case of elite Chinese financial mobility to London’s financial district to argue that comparatively neglected forms of elite financial migration from beyond the Global North provide important insights into the changing geographical form, and labour market practices within, leading international financial centres. By reporting on original empirical research, two main findings emerge. First, Chinese financial mobility to London has a distinctive geographical footprint in terms of both financial services activity and residential choices. Second, the rationale behind elite Chinese financial mobility to London cannot be fully explained by existing work on highly skilled migration and expatriation that emphasises the economic imperatives driving mobility. In response, I argue that work on elite mobility requires a fuller engagement with wider debates in economic geography that examine the interdependencies and inter-relationships between states and markets. These findings raise important questions surrounding the durability of Chinese finance in London, its relationship to global finance in London more generally, and wider understandings of elite financial labour markets.

Item Type: Article
Additional Information: This is an Accepted Manuscript of an article published by Taylor & Francis in Urban Geography on 14 May 2018, available online: http://www.tandfonline.com/10.1080/02723638.2018.1472442
Keywords: mobility, expatriation, Chinese banking and finance, RMB internationalisation, City of London, elites
Schools/Departments: University of Nottingham, UK > Faculty of Social Sciences > School of Geography
Identification Number: https://doi.org/10.1080/02723638.2018.1472442
Depositing User: Eprints, Support
Date Deposited: 10 May 2018 09:58
Last Modified: 14 May 2019 04:30
URI: http://eprints.nottingham.ac.uk/id/eprint/51687

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