Does Australia want or need to be the new HK?

Via the AFR:

The federal government will consider tax and regulatory concessions to help attract capital and skilled workers fleeing Hong Kong and to make Australia an international financial services hub.

The push by Liberal senator Andrew Bragg and financial services leaders for a regional financial centre in Sydney is being given early consideration by Treasurer Josh Frydenberg as he looks to boost the COVID-19 ravaged economy.

There are 870 words left in this subscriber-only article.

Start your free 14-day trial today!

Comments are hidden for Membership Subscribers only.