Financial centres

THE BROAD VIEW

Asia’s wealthy turn to Switzerland to park assets

Swiss private banks report rising demand from Asian family offices and rich individuals to book assets in Europe

Vietnam has established the VIFC’s governing council, as well as separate executive bodies in Ho Chi Minh City and Da Nang.

Vietnam puts 1,200-hectare, two-city International Financial Centre into operation

Hanoi introduces sweeping frameworks that include Common Law elements, 10-year residency for foreign experts, and 30-year tax incentives

The launch of a digital Singdollar will further cement Singapore’s reputation as a leading global financial centre at the forefront of future technologies.

Future of money: Piyush Gupta makes the case for a digital Singapore dollar

Now is when our country can secure a first-mover advantage – and shape the new financial order

Piyush Gupta says the Republic has the potential to shape the future of finance.

MAS can do more to take Singapore to next level: Ex-DBS chief Piyush Gupta

He added that transforming the way finance works will require commitment and a completely new infrastructure

New York has reinvented itself repeatedly throughout its history, surviving fiscal crises, crime waves, and economic downturns while maintaining its position as America’s economic capital.

New York’s mayoral election could reshape financial capital’s global standing

The new mayor must steer New York out of its affordability crisis that threatens its economic vitality just as surely as high taxes might

To maintain its position as a leading talent hub, Singapore will need to keep deepening its investment in skills and education while ensuring access to global expertise.

The global race for talent is about systems, not geography

As AI reshapes the skills landscape and global competition for financial talent increases, the risk of clinging to traditional talent acquisiton models is clear

Unlike Dubai, Abu Dhabi and Riyadh – financial centres in their own right – Qatar is better known for its role as a careful mediator in tense geopolitical conflicts.

Qatar dangles perks in bid to build a Wall Street of its own

The country is now relying on a line-up of conferences and exhibitions to lure more families, medical tourists, and business travellers

New York City proper takes top honours for the sheer physical need to be pushy: Its population density of more than 29,000 people per square mile beats out Tokyo and London.
LIFE & CULTURE

The financial centre trifecta I almost won

First, the writer took Manhattan, then London. But a bug got in the way of Tokyo

Globally, Hong Kong ranked third, behind New York and London in the latest Global Financial Centres Index released on Monday.

Hong Kong overtakes Singapore in world financial centres ranking

HONG Kong has reclaimed its spot as Asia’s top financial centre, knocking Singapore back to second place in the region, according to a survey.

Lord Mayor of the City of London Michael Mainelli speaking at the annual Lord Mayor's Easter Banquet in London in May 2024; he was in Singapore recently, and held meetings with business leaders and financial organisations here.

London ‘doing well and thriving’ in post-Brexit era: Lord Mayor

Little disruption is expected to policies after UK’s general election on Jul 4, says Michael Mainelli