Singapore Is 17 Years Behind Hong Kong as Wealth Hub
- Singpore’s household wealth growth outpaces HK in recent years
- Hong Kong is set to become world’s largest cross-border hub
Singapore has an edge in attracting clients worried about China-US tension and Hong Kong’s national security law.
Photographer: Lauryn Ishak/BloombergThis article is for subscribers only.
Singapore is slowly catching up with Hong Kong in the race to be Asia’s wealth hub. Make that very slowly.
It’s going to take the Southeast Asian nation at least 17 years to displace its rival, according to Bloomberg Intelligence analysis.