Analysis
Digital assets hub
Hong Kong has made significant strides in reinventing itself as a leading digital assets hub, a strategic step in its plan to rejuvenate the city’s appeal as a global financial centre. But the regulators are walking a tightrope in balancing risks and innovation.
Tokyo’s global ambition
Japan has been making concerted efforts to position Tokyo as a preeminent international financial centre over the past six years, and implemented a range of measures to woo the international investment community. The recent surge of foreign investments into its stock markets, supported by favourable macroeconomic conditions, has boosted Tokyo’s ambition.
Tokyo’s bid to become a global financial centre
Japan has implemented a package of incentives to lure foreign fund houses to move to Tokyo, taking a big step forward on its plan to replace Hong Kong as Asia’s premier international financial centre. Despite these initiatives and Japan’s overall economic and other strengths, there are some intrinsic shortcomings that work against its plan.