Wed, December 11, 2024
[ Wed, Dec 11th 2024 ]: Kiplinger
The Best Ways to Use Your Year-End Bonus (and the Worst)
[ Wed, Dec 11th 2024 ]: Impacts
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[ Wed, Dec 11th 2024 ]: Business Insider
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[ Wed, Dec 11th 2024 ]: MSN
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[ Wed, Dec 11th 2024 ]: Yahoo Finance
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[ Wed, Dec 11th 2024 ]: Shields Gazette
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[ Wed, Dec 11th 2024 ]: Business Today
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[ Wed, Dec 11th 2024 ]: THE WEEK
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[ Wed, Dec 11th 2024 ]: Business Times
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[ Wed, Dec 11th 2024 ]: Forbes
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[ Wed, Dec 11th 2024 ]: Business Line
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Tue, December 10, 2024
[ Tue, Dec 10th 2024 ]: World Socialist Web Site
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[ Tue, Dec 10th 2024 ]: Couriermail
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[ Tue, Dec 10th 2024 ]: Yahoo
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[ Tue, Dec 10th 2024 ]: Seeking Alpha
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[ Tue, Dec 10th 2024 ]: The Daily Pennsylvanian
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[ Tue, Dec 10th 2024 ]: The University of Chicago Chronicle
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[ Tue, Dec 10th 2024 ]: Business Insider
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[ Tue, Dec 10th 2024 ]: The Motley Fool
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[ Tue, Dec 10th 2024 ]: The Australian Financial Review
How Shanghai's ambition to be the 'future of finance' fell apart
[ Tue, Dec 10th 2024 ]: Business Line
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[ Tue, Dec 10th 2024 ]: WTOP News
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[ Tue, Dec 10th 2024 ]: thenewhumanitarian
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[ Tue, Dec 10th 2024 ]: MoneyWeek
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[ Tue, Dec 10th 2024 ]: ARLnow.com
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[ Tue, Dec 10th 2024 ]: CNN
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[ Tue, Dec 10th 2024 ]: AOL
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[ Tue, Dec 10th 2024 ]: CoinDesk
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[ Tue, Dec 10th 2024 ]: Yahoo Finance
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[ Tue, Dec 10th 2024 ]: Business Today
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[ Tue, Dec 10th 2024 ]: Insider Monkey
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[ Tue, Dec 10th 2024 ]: Reuters
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[ Tue, Dec 10th 2024 ]: The Globe and Mail
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[ Tue, Dec 10th 2024 ]: Telangana Today
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[ Tue, Dec 10th 2024 ]: Forbes
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[ Tue, Dec 10th 2024 ]: businessday
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[ Tue, Dec 10th 2024 ]: 24/7 Wall St
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[ Tue, Dec 10th 2024 ]: The Boston Globe
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[ Tue, Dec 10th 2024 ]: The New York Times
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[ Tue, Dec 10th 2024 ]: MSN
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[ Tue, Dec 10th 2024 ]: moneycontrol.com
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[ Tue, Dec 10th 2024 ]: Finance & Commerce
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How Shanghai's ambition to be the 'future of finance' fell apart

The article from the Australian Financial Review discusses how Shanghai's ambition to become a global financial hub has encountered significant setbacks. Initially, Shanghai aimed to rival cities like New York and London by leveraging its strategic location, government support, and the promise of a burgeoning Chinese economy. However, several factors have contributed to its faltering progress. Regulatory crackdowns on tech giants, geopolitical tensions, particularly with the United States, and a slowing Chinese economy have deterred foreign investment. Additionally, the stringent zero-COVID policies and the subsequent economic recovery challenges have further complicated Shanghai's financial aspirations. The article highlights the exodus of foreign firms, the lack of transparency in financial dealings, and the government's heavy-handed approach in market regulation as key reasons why Shanghai has not yet realized its potential as a leading financial center. Despite these obstacles, there remains a cautious optimism about Shanghai's future, with some believing that reforms and a more open market could still turn the tide.

Read the Full The Australian Financial Review Article at:
[ https://www.afr.com/world/asia/how-shanghai-s-ambition-to-be-the-future-of-finance-fell-apart-20241202-p5kv8h ]