Hong Kong's financial sector remains to be convinced by the benefits of Qianhai

While bankers see big benefits from Qianhai development there is scepticism elsewhere in the financial industry about whether the plan will benefit the sector or the Hong Kong economy as a whole.

Some wonder whether Qianhai, like the many rounds of the Closer Economic Partnership Arrangement (Cepa), will benefit global banks and mainland businesses rather than local brokers, fund houses and insurers.

via Business feed http://www.scmp.com/business/banking-finance/article/1158491/hong-kongs-financial-sector-remains-be-convinced-benefits