China has long had dreams of turning Shanghai into the country’s premier financial centre. Photo: XinhuaChina has long had dreams of turning Shanghai into the country’s premier financial centre. Photo: Xinhua
China has long had dreams of turning Shanghai into the country’s premier financial centre. Photo: Xinhua

Shanghai’s quest to be global financial centre gains impetus from Hong Kong troubles but big obstacles remain

  • Hong Kong’s role as an offshore money centre for China may decline if Beijing further tightens its grip on the city
  • China has long wanted Shanghai to become the country’s premier finance hub, but capital controls and its legal system remain obstacles

Topic |   Hong Kong national security law (NSL)
China has long had dreams of turning Shanghai into the country’s premier financial centre. Photo: XinhuaChina has long had dreams of turning Shanghai into the country’s premier financial centre. Photo: Xinhua
China has long had dreams of turning Shanghai into the country’s premier financial centre. Photo: Xinhua
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