Family offices increasingly turning to Singapore over HK
Hong Kong's lack of stability is causing it to lose out to Singapore in the competition to manage and administer private family investments.
The rivalry between Hong Kong and Singapore as financial centres is intensifying, due to Hong Kong's well-publicised problems. In recent times, family office investors, in particular, are finding greater comfort in running their affairs from Singapore and some are opting to make the shift, asset owners and advisers told AsianInvestor.
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