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Hong Kong, Singapore and the new China gateway
Hong Kong has long been a gateway to China. But geopolitical tensions and the reshaping of supply chains have opened up new opportunities for Singapore to play a role as a gateway from China.
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New opportunities have opened up for Singapore to play a role as a gateway from China.
PHOTOS: ZB FILE, REUTERS
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There is a growing perception that Hong Kong is losing its allure
Over the past three years, several reports point to international companies being forced to reconsider their future in Hong Kong. The Bank of America, J.P. Morgan, French liquor giant Pernod Ricard and hotel group Mandarin Oriental are among several that have either signalled they are reviewing their positions in the territory or have moved staff out, or both. Many banks and fund managers, in particular, have relocated some of their operations to Singapore.
