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William Bratton
William Bratton
William Bratton is author of “China’s Rise, Asia’s Decline”. He was previously head of equity research, Asia-Pacific, at HSBC.

The SGX is fading away as a place to raise capital and the situation may be irreversible, diminishing Singapore’s relevance and leaving it to contend with being a smaller and more specialised financial centre.

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Regulating new technologies and industries is a challenge facing many countries including the US. Far from snuffling enterprise, China is responding to the common need to mitigate or prevent the negative consequences of big businesses.

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The problem with Britain’s desire to be ‘deeply engaged’ in Asia is it fails to realise how much its influence has declined. Across every metric – whether political, economic, financial or social – the UK is now a bit player in the region.

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