Singapore and Shanghai threaten Hong Kong’s status as finance hub

 

Proponents of the city say its laws make it the perfect place for China to plug into global markets and note many financial players have deep roots there. Yet by several measures the future isn’t so bright. Hong Kong now handles fewer stock trades than Shanghai. Its wealth management industry is struggling to keep assets as Singapore’s grows. Its taxes are low, but rents are sky high.

Source: Bloomberg. Click here to read the new.

 

 

 

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