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

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, l...

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Main Author: Hall, Sarah
Format: Article
Language:English
Published: Taylor & Francis 2018
Subjects:
Online Access:https://eprints.nottingham.ac.uk/51687/
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author Hall, Sarah
author_facet Hall, Sarah
author_sort Hall, Sarah
building Nottingham Research Data Repository
collection Online Access
description 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.
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spelling nottingham-516872019-05-14T04:30:12Z https://eprints.nottingham.ac.uk/51687/ Reframing labour market mobility in global finance: Chinese elites in London’s financial district Hall, Sarah 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. Taylor & Francis 2018-05-14 Article PeerReviewed application/pdf en https://eprints.nottingham.ac.uk/51687/1/Peer%20review%20final.pdf Hall, Sarah (2018) Reframing labour market mobility in global finance: Chinese elites in London’s financial district. Urban Geography . ISSN 0272-3638 mobility expatriation Chinese banking and finance RMB internationalisation City of London elites https://www.tandfonline.com/doi/full/10.1080/02723638.2018.1472442 doi:10.1080/02723638.2018.1472442 doi:10.1080/02723638.2018.1472442
spellingShingle mobility
expatriation
Chinese banking and finance
RMB internationalisation
City of London
elites
Hall, Sarah
Reframing labour market mobility in global finance: Chinese elites in London’s financial district
title Reframing labour market mobility in global finance: Chinese elites in London’s financial district
title_full Reframing labour market mobility in global finance: Chinese elites in London’s financial district
title_fullStr Reframing labour market mobility in global finance: Chinese elites in London’s financial district
title_full_unstemmed Reframing labour market mobility in global finance: Chinese elites in London’s financial district
title_short Reframing labour market mobility in global finance: Chinese elites in London’s financial district
title_sort reframing labour market mobility in global finance: chinese elites in london’s financial district
topic mobility
expatriation
Chinese banking and finance
RMB internationalisation
City of London
elites
url https://eprints.nottingham.ac.uk/51687/
https://eprints.nottingham.ac.uk/51687/
https://eprints.nottingham.ac.uk/51687/