'In Asia there really isn't a hub for the physical trading of gold. . . Our aspiration is really to be like London and Zurich, to serve not just Asia but the rest of the world as well,' said IE Singapore assistant chief executive Kathy Lai at a press briefing.
Singapore has about 2 per cent share of the global gold trading market in terms of tonnage, according to IE Singapore.
The agency wants to grow that share to 10 to 15 per cent in the next five to 10 years, IE Singapore director of trade services and policy Gina Lim said.
This won't be without its challenges.
Singapore's competitors, Dubai and Hong Kong, are already established centres for key Asian markets.
ORIGINAL SOURCE
Content used in this not-for-profit blog remain the property of their respective owners.
No comments:
Post a Comment