Money Talks: The fight for financial supremacy in Asia
Money Talks from The Economist
The Economist
4.4 • 1.2K Ratings
🗓️ 8 June 2022
⏱️ 41 minutes
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Summary
For decades, Hong Kong, Shanghai and Singapore have been the three heavyweight cities in Asian business and finance, with Hong Kong the undisputed champion. But as the city-state’s draconian security law and zero covid policy begin to bite, its rivals are going for the title.
In this week’s Money Talks, hosts Mike Bird and Soumaya Keynes investigate whether Singapore or Shanghai could take the lead as Asia’s main financial centre. First, they ask Michael Mainelli of think-tank Z/Yen what makes a financial centre. Then, our China business and finance editor Don Weinland makes the case for Shanghai, James Crabtree of the International Institute for Strategic Studies gives the view from Singapore and our China correspondent Sue-Lin Wong argues we shouldn’t count out Hong Kong just yet.
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Transcript
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| 0:00.0 | Hi, I'm Ethan, host of the Green Room Podcast by Deloitte. |
| 0:07.0 | We explore the topics that matter most in business. |
| 0:09.8 | Every episode we dive into a big question on our mind, like, what will be the last job |
| 0:13.9 | on Earth? |
| 0:14.9 | Can a business make money and do good at the same time? |
| 0:17.3 | Or should my next car be electric? |
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| 0:26.8 | search the Green Room by Deloitte. |
| 0:30.6 | Money Talks from the Economist is sponsored by Invest Puerto Rico. |
| 0:38.4 | More than just a Caribbean paradise, Puerto Rico is a business powerhouse. |
| 0:43.5 | This U.S. territory is a fast-growing hub for innovators. |
| 0:47.3 | Puerto Rico boasts numerous tax credits, business incentives, and world-class talent that |
| 0:52.9 | take your business to the next level. |
| 0:55.5 | Find out why at investpr.org. |
| 0:58.8 | Game Changers, welcome home. |
| 1:19.2 | In Asia right now, there is a fight going on. |
| 1:22.9 | One one between people wearing big padded gloves and shiny shorts, but a fight between cities. |
| 1:30.6 | In the red corner is the Chinese island territory of Hong Kong. |
| 1:35.2 | In the blue corner is its mainland rival, Shanghai, and in the green corner. |
| 1:40.4 | Hang on, hang on. |
| 1:41.6 | Does boxing have a third green corner? |
| 1:44.4 | Yeah, maybe not, but if we just go for it for now, yeah? |
... |
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