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The Asia-Pacific Economic Cooperation (APEC) Plans to Learn From India's GIFT City. Scholars Argue that Institutional Deregulation Cannot Replace Market Demand.
The Financial Supervisory Commission (FSC) plans to propose a special law for Asian asset management centers by the end of the year, and is considering referencing the GIFT City model in India to create a system that combines cross-border finance with tax incentives. Scholars believe that the Indian model's "domestic but outside customs" approach, simplified supervision, and tax incentives attract international financial institutions, and its di…
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The Financial Supervisory Commission (FSC) plans to propose a special law for Asian asset management centers by the end of the year, and is considering referencing the GIFT City model in India to create a system that combines cross-border finance with tax incentives. Scholars believe that the Indian model's "domestic but outside customs" approach, simplified supervision, and tax incentives attract international financial institutions, and its di…