Hong Kong poised to become world’s largest financial hub by 2017

Asia’s main financial centres will surpass their western counterparts as employers this decade.

And Hong Kong is poised to become the world’s largest financial hub by 2017, according to a report published by the Institute of Chartered Accountants in England and Wales (ICAEW).

Centres like New York and London used to offer twice as many finance sector jobs than their Asian peers like Singapore and Hong Kong.

But Asian players are fast catching up, driven by a less onerous regulatory environment and growing critical mass.

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