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China’s reopening set to drive more of Asia’s wealthy to Singapore
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A rebound in global economic activity, growth in tourism and a surge in Chinese consumption could give banks in Singapore a boost.
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SINGAPORE – China’s reopening is poised to kindle fresh interest in Singapore as a financial hub among the well-heeled in China and the rest of the region, with certain private banks here seeing an increase in queries from affluent clients in recent months.
The world’s second-largest economy, which had one of the tightest Covid-19 regulation regimes, significantly eased restrictions in December opened its borders the following month.
