Chinese fund firms mull Singapore set-ups amid regulatory concerns
The Lion City's attraction is growing as an offshore base for mainland asset managers seeking international diversification. At least 25 are said to be eyeing it as an alternative to Hong Kong.
Chinese fund houses have tended to base their main international branches in Hong Kong, but a rising number are considering establishing a presence in Singapore instead, amid concerns over regulatory risk on the mainland.
In the past six months alone, US law firm Sidley Austin has been working with at least 25 Chinese asset management firms keen to set up an office in the Lion City.
“The default choice for Chinese fund managers has been Hong Kong for a long time – now that’s not…
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