China Banks

[CityFarmer]

Shanghai will take some time, as comparable hub to HK. HK will remain as important hub in north Asia, but the importance might reducing over time...

http://www.businesstimes.com.sg/governme...ancial-hub

APEC SUMMIT
It'll take time for Shanghai to become financial hub
City's legal system remains key bugbear compared with HK which has the rule of law in place: PM Lee

By
Lynette Khoolynkhoo@sph.com.sg@LynetteKhooBT
sgchina121114.JPG Shanghai is primed to become a financial hub given the scale of China's economy and capital-raising needs of domestic companies but this will take some time, says Singapore Prime Minister Lee Hsien Loong. PHOTO: AFP
12 Nov5:50 AM
Beijing

SHANGHAI is primed to become a financial hub given the scale of China's economy and capital-raising needs of domestic companies but this will take some time, says Singapore Prime Minister Lee Hsien Loong.

Its legal system remains the key bugbear, given that the rule of law