Tuesday, November 21, 2017
Advantages of British and American financial systems
ANBOUND
Anbound's Chief Researcher Chan Kung believes that the structural differences in wealth determine the differences between the British and the American financial systems; the British financial system has is more established while the American financial system has more resources. Because of this, the British financial system focuses on financial management and asset management, while the American financial system focuses on industrial capital. The British financial system is best suited to preserve and add value to its clients, and the American financial system is better suited to serve clients' innovations, particularly in technology.