Hong Kong: tug-of-war to the financial metropolis

The calls loud and will have a hard time. The other is silent, but opens his arms wide, The two financial locations in Sydney and Singapore, know that they offe

Hong Kong: tug-of-war to the financial metropolis

The calls loud and will have a hard time. The other is silent, but opens his arms wide, The two financial locations in Sydney and Singapore, know that they offer bankers from China huddled in Hong Kong an interesting perspective for the future.

Singapore has four aces up his Sleeve: a fully developed, fast-growing Fintech environment, low tax rates, its location in the centre of the growth area of South East Asia, at the same time, the hinge between China and India, and, finally, a population that consists of more than three-quarters ethnic Chinese. For those who have suffered the Hong Kong of the past few years, is the strict city-state to be a revelation.

But he, too, is deep in a state of transition: That it could not continue with business as usual, have shown the voters of the government in all clarity. Ironically, the Finance Minister and Prime Minister designate, Heng Swee Keat was scraping just a hair sharp of an electoral embarrassment in the past. The money from Hong Kong to Singapore is welcome. The free spirits of the Chinese administration zone, so you think of Singapore's government, but are welcome to move to Sydney.

Updated Date: 17 July 2020, 08:19

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