The battle between Asia’s financial centres is heating up
Hong Kong, Singapore and Shanghai each bring different advantages—and costs
“Another one!” was how a Singaporean manager of serviced apartments greeted your correspondent, fresh off the plane from Hong Kong. The response tells you which of the two cities is currently enjoying an influx of people and business. The latest impetus has been their contrasting approaches to the pandemic. Singapore began opening up to the rest of the world last year; by comparison, although the quarantine periods for arrivals to China and Hong Kong have been shortened, there is no sign yet of their end.
This article appeared in the Finance & economics section of the print edition under the headline “A tale of three cities”
Finance & economics July 2nd 2022
- The battle between Asia’s financial centres is heating up
- Can Europe keep the lights on this winter?
- Why inflation looks likely to stay above the pre-pandemic norm
- Inflation in America soars to 8%. Or is it more like 6%?
- The latest desperate attempt to prop up the Turkish lira
- The allure of betting on mergers
- What past market crashes have looked like
- The case for strong and silent central banks
From the July 2nd 2022 edition
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Nobody is to blame. Everyone suffers
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Canada and Mexico look likely to suffer