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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Investment, Trends

Western over-regulation will drive investment to Asia: CIC

Posted on 17 January 2013

The sovereign wealth fund’s executive VP, Jesse Wang, labels proposed US and UK regulatory change “anti-globalisation” and challenges Hong Kong to step into the breach. The deputy head of China’s $400 billion sovereign wealth fund CIC has ridiculed UK and US regulatory change and challenged Hong Kong to step into the breach as a global financial hub.
Speaking at the Asian Financial Forum in Hong Kong this week, Jesse Wang labelled Vickers Report recommendations for British banks to separate high street and investment banking operations as “anti-globalisation”………………………………………..Full Article: Source


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