The Business Times
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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

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Published Tue, Nov 11, 2014 · 09:50 PM

    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 is one important ingredient for a thriving international financial centre.

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