Singapore competes with Hong Kong for wealth management

Singapore competes with Hong Kong for wealth managementSingapore is looking to overtake Hong Kong as the capital of international fund management.  With $1.1 trillion in assets, up 13% from last year, Singapore is closing the gap against Hong Kong, which managed about $1.6 trillion last year.  Singapore is becoming increasingly attractive to wealthy investors who wish to take advantage of favorable regulatory laws no longer available in such European countries as Switzerland.

Hong Kong faces questions about its long-term stability and its relationship with its Chinese governors. However, its advantage over Singapore is the amount of qualified wealth managers, as Singapore is struggling to train and attract investment professionals.  This year, there was a 6.5% growth in trained fund managers, and the numbers are expected to grow as Singapore tries to become a destination for wealthy investors from across the globe.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

Singapore is looking to overtake Hong Kong as the capital of international fund management.  With $1.1 trillion in assets, up 13% from last year, Singapore is closing the gap against Hong Kong, which managed about $1.6 trillion last year.  Singapore is becoming increasingly attractive to wealthy investors who wish to take advantage of favorable regulatory laws no longer available in such European countries as Switzerland. Hong Kong faces questions about its long-term stability and its relationship with its Chinese governors. However, its advantage over Singapore is the amount of qualified wealth managers, as Singapore is struggling to train and attract...

Singapore competes with Hong Kong for wealth managementSingapore is looking to overtake Hong Kong as the capital of international fund management.  With $1.1 trillion in assets, up 13% from last year, Singapore is closing the gap against Hong Kong, which managed about $1.6 trillion last year.  Singapore is becoming increasingly attractive to wealthy investors who wish to take advantage of favorable regulatory laws no longer available in such European countries as Switzerland.

Hong Kong faces questions about its long-term stability and its relationship with its Chinese governors. However, its advantage over Singapore is the amount of qualified wealth managers, as Singapore is struggling to train and attract investment professionals.  This year, there was a 6.5% growth in trained fund managers, and the numbers are expected to grow as Singapore tries to become a destination for wealthy investors from across the globe.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

NO COMMENTS

Leave a Reply