Singapore's recent growth as a financial center has often come at the expense of Hong Kong, its longtime peer and rival that has been pulled closer to Beijing in recent years.
Devadas Krishnadas predicts U.S. funds will shy away from Hong Kong and its close links to China, and instead continue their march to Singapore.
Foreign capital from around the world is rushing into Singapore's financial institutions, attracted by political stability, a lenient tax regime, and relative neutrality.
Singapore will be seen as the only safe place in Asia for U.S. and European capital.
Collection
[
|
...
]