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Article: Australia-Asia Pacific's most dynamic financial services hub.(World Financial Services Conference)
- Article from:
- Australian Banking & Finance
- Article date:
- November 19, 2003
CopyrightCOPYRIGHT 2003 First Charlton Communications Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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THE 'F' WORD HAS BEEN HEARD A lot in Australia during Rugby World Cup 2003. Not just 'F' for football but also for financial services.
Australia is already acknowledged as a centre for sporting excellence.
Now its position as the Asia-Pacific's most dynamic and sophisticated hub for global financial services is in the ascendancy.
Australia's economy has undergone considerable change in the past few decades, from one that rode on the sheep's back to one more likely to be aboard the greenback or the yen; from primary industry to services, with financial services at its heart.
Ten years ago Australia's stock market capitalisation was ...