Mark Mobius Sees Banks Move to East, China After Brexit

The transcript discusses the potential impacts of Brexit on financial centers, particularly focusing on the movement of financial activities from London to other global cities like New York and possibly China. It highlights the pessimism among American bankers regarding early commitments from Brussels and explores the potential for China to become a major financial hub. The discussion also touches on the implications for the British pound and the future prominence of London as a financial center.

What is the main concern of American bankers regarding Brexit?

• Increasing their investments in Europe

• Securing a transition period with Brussels

• Reducing their workforce in London

• Moving their headquarters to Asia

Which city is considered a potential winner in the event of a hard Brexit?

• Paris

• New York

• Frankfurt

• Tokyo

What is the significance of the Shenzhen and Shanghai Connect with Hong Kong?

• It allows for easier travel between cities

• It could make China a major financial hub

• It strengthens China's financial ties with Europe

• It reduces trade tariffs between China and the US

How did the Prime Minister's actions affect the British pound?

• Caused further instability

• Stabilized it at 1:30

• Had no impact

• Increased its value significantly

What is the predicted future of London as a financial hub post-Brexit?

• It will become more prominent

• It will surpass New York

• It will remain unchanged

• It will lose some prominence