The composite route to success?
Ever since the east-west political barriers came crashing down, there has been speculation that Vienna might become a financial centre for the countries of eastern Europe. Austrian finance minister Viktor Klima frequently expresses such a hope. And chancellor (head of government) Franz Vranitzky is on record as saying that one of the greatest opportunities for the Vienna stock exchange is to list eastern European stocks.
Echoing these sentiments, Gerhard Grund, head of investment banking at RZB and board member of Ötob, Austria’s futures and options exchange, says: “A visionary might say everyone buys Chinese securities through the Hong Kong stock exchange [and that] Vienna if we handle it the right way could become a kind of Hong Kong for central and eastern Europe.
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