Investors look beyond Hong Kong as China tightens control
Tokyo and Singapore could emerge as alternative regional financial hub
Participating at the Nikkei Virtual Global Forum on Wednesday are, from left, Akio Fujii, chair of the Nikkei editorial committee; Seiji Imai, senior managing executive officer of Mizuho Financial Group; Toshiyasu Iiyama, deputy president of Nomura Securities; and Yuri Suzuki, senior partner at law firm Atsumi & Sakai. (Photo by Kai Fujii)
TOKYO -- The growing integration of Hong Kong with China has increased the importance of the territory as a gateway to the world's second-largest economy, but those who want to invest across the rest of Asia are being forced to consider alternatives.
Singapore and Tokyo are among the obvious candidates to possibly replace Hong Kong as Asia's financial hub and both cities are keen to win that title, setting the stage for intense competition to attract investors.