Caixin
Sep 29, 2022 03:19 AM
ECONOMY

How Singapore and Hong Kong Stack Up as Financial Centers

Hong Kong is likely to remain the bigger center for equities over the next five years.
Hong Kong is likely to remain the bigger center for equities over the next five years.

(Bloomberg) — In recent weeks, Singapore has roared back to post-pandemic life while Hong Kong residents have been left watching from afar.

Speculation that Hong Kong has been severely weakened by strict Covid policies and a shrinking workforce seemed to be reinforced by the latest Global Financial Centres Index, which showed Singapore overtaking its rival financial hub.

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