Tourists on a ferry crossing the Huangpu River view the Shanghai Tower and other buildings in the Lujiazui financial district in Shanghai, China. Photo: Bloomberg
Tourists on a ferry crossing the Huangpu River view the Shanghai Tower and other buildings in the Lujiazui financial district in Shanghai, China. Photo: Bloomberg
Economy /  China Economy

Chinese capital controls mean Shanghai is not a global financial hub, US bankers say

  • AmCham survey finds capital controls cripple Shanghai’s ambition of becoming financial hub
  • The plan was announced in 2009, when Shanghai officials pledged it would be on an equal footing to New York, London and Hong Kong by next year’s deadline

Sidney Leng
Sidney Leng

Updated: 1:07am, 5 Apr, 2019

Why you can trust SCMP
Tourists on a ferry crossing the Huangpu River view the Shanghai Tower and other buildings in the Lujiazui financial district in Shanghai, China. Photo: Bloomberg
Tourists on a ferry crossing the Huangpu River view the Shanghai Tower and other buildings in the Lujiazui financial district in Shanghai, China. Photo: Bloomberg
READ FULL ARTICLE