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Hong Kong maintains its global financial center tag

After 20 years of becoming an independent judiciary, does Hong Kong continue to remain a financial and business hub? Will this impact businesses in Singapore? Leon Perera, CEO of Spire Research and Consulting shared his insights in The Business Times – Views from the Top section on 10 July 2017 on Hong Kong’s economic climate and its impact on businesses in Singapore.

Hong Kong continues to attract investors due to many factors such as a high- quality civil service, economic linkages to China’s Pearl River Delta economy as well as geographic proximity to the economic giants of Korea, Japan and China.

Perera opined that despite economic and political uncertainties as well as what some perceive as political encroachment from Beijing, Hong Kong will remain an important business hub for the foreseeable future.

Hong Kong both complements and competes with Singapore. Many multinational corporations (MNCs) use both cities as Asia-Pacific regional headquarters (RHQs). Shanghai or Hong Kong are preferred as Greater China HQs and Singapore for South/Southeast Asian HQs.

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