As a regional financial centre Sydney may never be a threat to Hong Kong or Tokyo, but the harbour city is finding its niche in some growth areas that should help safeguard its position in the Asia-Pacific market, writes Michael Riches
August 28, 2002 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
As a prime location for a financial centre, Sydney faces some big hurdles. The information revolution has made the world a smaller place and enhanced the ability of doing global business in Australia.
However, proximity and over-regulation are still key factors holding Sydney back as a serious contender for the role of Asia-Pacific’s prime financial centre. Sydney sits at the bottom of the wrong end of Asia.
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