Singapore, Hong Kong go head to head on innovation

SINGAPORE and Hong Kong's similarity in size, geographical proximity and common history have routinely pitted the two cities as traditional rivals. Both cities are global hubs for investments, trade, finance and tourism.

The recent budgets of both countries have also unearthed another area where we may see Singapore and Hong Kong go head to head again: innovation.

However, Hong Kong and Singapore are today are on a different footing in fostering innovation. Singapore ranks third on the Bloomberg 2018 Innovation Index while Hong Kong is placed 37th.