Singapore, Hong Kong play complementary roles in wealth management

Singapore

HONG Kong is the top capital market for Chinese enterprises venturing abroad. Data from the Hong Kong Stock Exchange (HKSE) showed that as at end-March this year, H-share and red-chip companies have a combined market value of over HK$12 trillion (S$2 trillion), making up 23 per cent of the total market value of all companies listed on the HKSE.

But in terms of wealth management, Singapore and Hong Kong are on par, observers said.