The biggest risks to Singapore’s primacy in Asian finance are at home
The pecking order of financial centres is changing
International financial centres play a crucial role in the world economy. They act as launching pads for ideas and bring together expertise, capital and entrepreneurs. Right now the map of Asian financial hubs is being redrawn. The city-state of Singapore looks to be the main beneficiary—provided it can handle some of the downsides of being a global centre for other people’s business.
This article appeared in the Leaders section of the print edition under the headline “A new order in Asia”
From the July 2nd 2022 edition
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