Asian banking & finance magazine

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By contrast, many mainland brokerages and fund houses had been allowed to set up in Hong Kong. Tokyo's most international neighborhood Brought to you by JLL. Tuesday, 26 February,4: Local financial sector remains to be convinced. Hong Kong's financial sector remains to be convinced by the benefits of Qianhai. Companies 40, new firms set up in Qianhai but HK brokers still in short supply 26 Feb Hong Kong Adventist Hospital.

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Hong Kong's financial sector remains to be convinced by the benefits of Qianhai

Tokyo's most international neighborhood Brought to you by JLL. He hopes Qianhai will allow Hong Kong companies that can match the threshold for domestic insurers - capital of million yuan - to operate there. A local broker, who prefers to remain anonymous, is not optimistic. I do not see Beijing wanting to use Qianhai to help Hong Kong brokers or other financial firms develop in China," he added. Some wonder whether Qianhai, like the many rounds of the Closer Economic Partnership Arrangement Cepawill benefit global banks and mainland businesses rather than local brokers, fund houses and insurers.

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