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
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
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China economy
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