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Singapore-China visa deal has minimal impact on Hong Kong: Observers

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The question was raised amid keen competition between Singapore (pictured) and Hong Kong, as the two former British colonies vie to be Asia’s premier financial hub.

The question was raised amid keen competition between Singapore (pictured) and Hong Kong, as the two former British colonies vie to be Asia’s premier financial hub.

PHOTO: ST FILE

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SINGAPORE - While Singapore stands to gain from the recent visa relaxation with China, as Chinese businessmen can come here more freely, Hong Kong’s key advantage in proximity to the mainland over Singapore has not been erased, observers familiar with both markets said.

The question was raised amid keen competition between Singapore and Hong Kong, as the two former British colonies vie to be Asia’s premier financial hub.

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