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Country reportsOctober 1 2012

Asia's financial centres compete for wealth management supremacy

As the economic scales tip in favour of emerging economies – particularly those in Asia – it seems increasingly likely that one of the region's leading financial centres will steal the status of global wealth management capital from Switzerland. The question is, which city will it be?
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Asia's financial centres compete for wealth management supremacy

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.

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