Shanghai could become Asia's New York, top sovereign fund says

Shanghai could become Asia's New York, top sovereign fund says

Pedestrians walk along an elevated walkway in the Lujiazui Financial District in Shanghai, China, on Monday, Sept. 4, 2017. Photographer: Bloomberg/Bloomberg

While Hong Kong and Singapore have thrived as Asian money centers, and Japan has tried to position Tokyo as the region’s most important financial hub, the world’s biggest sovereign-wealth fund says it’s Shanghai that may prove the top dog.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter