https://www.scmp.com/rss/500616/feed Kerr Gibbs is president of the American Chamber of Commerce in Shanghai. As a founding investor in the Crystal Orange hotel group, he helped grow the company to 130 properties and 1,500 employees in China. He was also head of technology and media in greater China for HSBC. He holds a BA in economics from UCLA and an MBA from the Haas School of Business at UC Berkeley. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com American companies had high expectations when China announced in 2009 its plan to transform Shanghai into an international financial center by 2020. It wouldn’t be easy. While centers like London, New York and Tokyo have the infrastructure and legal environment needed for traders, asset managers and global banks to execute transactions, China had a non-convertible currency, a closed internet and other characteristics inconsistent with a global trading center. Still, there was cause for optimism.... https://www.scmp.com/business/what-shanghai-needs-become-financial-hub-world/article/3007604?utm_source=rss_feed https://www.scmp.com/business/what-shanghai-needs-become-financial-hub-world/article/3007604?utm_source=rss_feed Thu, 25 Apr 2019 10:56:06 +0000 American companies had high expectations when China announced in 2009 its plan to transform Shanghai into an international financial centre by 2020. It wouldn’t be easy. While centres like London, New York and Tokyo have the infrastructure and legal environment needed for traders, asset managers and global banks to execute transactions, China had a non-convertible currency, a closed internet and other characteristics inconsistent with a global trading centre. Still, there was cause for optimism.... https://www.scmp.com/comment/insight-opinion/article/3007412/shanghai-can-be-made-global-financial-hub-if-china-fixes?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/3007412/shanghai-can-be-made-global-financial-hub-if-china-fixes?utm_source=rss_feed Thu, 25 Apr 2019 01:00:14 +0000