New Zealand gearing up to be Asia's Luxembourg
New laws to establish an international fund-management industry in New Zealand are a high priority for the country's government.
New Zealand politicians are drafting laws aimed at making the country the Luxembourg of Asia. The aspiration was outlined by New Zealand's Trade Minister Tim Groser, who was in Hong Kong on Monday to mark the signing of an economic agreement between the two jurisdictions.
At a press conference, AsianInvestor asked Groser if New Zealand is gearing up to be a financial hub. "You are absolutely right," he says, "and we are doing this in a very ordered way." There is a "serious opportunit…
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