Here are five areas in which Hong Kong could triumph over rival Singapore, according to Bloomberg Intelligence analysts.
With the full reopening of Hong Kong’s border with China on Monday, and the city dropping vaccine requirements for all visitors, the campaign to rebuild the territory’s battered economy is full speed ahead. But can the city reclaim its crown as the region’s top finance hub from Singapore, whose earlier reopening from Covid-19 gave it a significant head start?
Cross-border travel with China is expected to boost Hong Kong’s population, give the city a wealth injection and help lift its economy out of the doldrums. Yet Singapore's tension-free ties with the West and corporate-tax incentives remain very attractive.
