 Asias two financial hubs and sovereign funds. Chapter 4 in Alternative Development Finance and Parallel Development Strategies in the Asia-Pacific, 2021, pp 83-111 from Edward Elgar Publishing Abstract: Chapter Four focuses on regional project finance. Around 90% of Asian infrastructure investments are from public sector. Investors in the Asian infrastructure market consist of institutions, high net value investors, and retail investors. As a key element of the infrastructure value chain, Singapore plays a special role in bridging the East and the West. Aside from the collaboration with the AIIB, Singapore has established long-term cooperation with the World Bank Group and the Asian Development Bank. As a full-service infrastructure financing hub, Singapore has comparative advantages to be a major player in regional infrastructure development. Comparatively, Hong Kong’s position as a financial center is weakened, since its autonomous status, basic individual rights, and independent legal system have been greatly encroached in recent years. If the Hong Kong national security bill is passed, Hong Kong may not be able to maintain its special trade status and the linked exchange rate system. Keywords: Asian Studies; Development Studies; Economics and Finance; Law - Academic (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:20550_4 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Chapters from Edward Elgar Publishing |
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