Too distant possibility that make it seem impossible. I would agree with snowbird. 1. When china will free up their regulation on their finance sector...or mature enough to go globally? In 10 years? FC will certainly need longer time to be an ideal place for china to set their foothold in there. And when time come, thing will change again...who knows sg ady beh tahan change policy to be on china sides? 2. The whole regional market is too small to support iskandar as a financial center. Using shenzhen n hangseng is inaccurate bcoz it is supported by the volume of trade due to both economy sheer size. HK is global market whild shenzhen exchange supported by china market, and HK market was not open to mainlanders for a long time before they lossening the law. So iskandar set up a stock exchange, it will be a small insignificant exchange. From both country economy size, 3 stock exchanges, yes it will affect and even threatening each other. Even stocks traded in sgx is quite mati, not that active like before.