As economic power continues to swing from West to East, Asia’s key cities are battling for supremacy to provide headquarters for the world's leading wealth managers and investment firms, to guarantee top-drawer standards of regulation, and to provide a distribution hub allowing dissemination of the latest products across a fast-growing region.
The city-states of Hong Kong and Singapore have long been doing battle for this type of business, but creeping up on them is China’s megalopolis Shanghai, and some outside contenders in Malaysia and Australia.