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Asia

Wealthy Heathen Chinoise say "So Rong Hong Kong and Harro Ringapore"

Hong Kong has lost out on rich people’s fresh funds to Singapore so far this year, existing deposits stay put.

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As Asia’s rich contemplate where to place their nest eggs, most have overwhelmingly chosen Singapore over rival international financial centre Hong Kong so far this year, according to the region’s largest wealth manager.

Read more on the South China Morning Post:

https://www.scmp.com/business/banking-finance/article/3083514/hong-kong-has-lost-out-rich-peoples-fresh-funds-singapore

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AAD REPORTS

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