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Focus on Hong Kong-Singapore link misses point, says Temasek CEO Ho Ching

Bloomberg
Bloomberg • 2 min read
Focus on Hong Kong-Singapore link misses point, says Temasek CEO Ho Ching
(Oct 29): The focus on Hong Kong people and money moving to Singapore misses the point -- there is an outflow of talent and funds from the city to centres all over the world, Ho Ching, head of the Singapore investment firm Temasek Holdings, said.
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(Oct 29): The focus on Hong Kong people and money moving to Singapore misses the point – there is an outflow of talent and funds from the city to centres all over the world, Ho Ching, head of the Singapore investment firm Temasek Holdings, said.

“Being obsessed with the movement of some money and people to Singapore – and ignoring the movement of people and money elsewhere to USA, Canada, Australia, UK, especially for their professional talents – just misses the point,” said Ho, who’s married to Singapore’s Prime Minister Lee Hsien Loong.

Hong Kong has been wracked by more than four months of social unrest, sparked by a proposed law to allow extraditions to places including China. Chief Executive Carrie Lam eventually withdrew the bill but protesters expanded their demands to include direct elections for the city’s top job — something Hong Kong has never had.

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