Singapore sees rise in new money from rich people. Photo: Shutterstock Singapore sees rise in new money from rich people. Photo: Shutterstock
Singapore sees rise in new money from rich people. Photo: Shutterstock

exclusive | Hong Kong has lost out on rich people’s fresh funds to Singapore so far this year, existing deposits stay put, UBS says

  • Most of regions’ ultra-wealthy have asked private bankers at UBS to place new money in Singapore rather than Hong Kong, lender’s president says
  • Asian tycoons are cashed up and scouting for bolt-on businesses

Topic |   Hong Kong economy
Singapore sees rise in new money from rich people. Photo: Shutterstock Singapore sees rise in new money from rich people. Photo: Shutterstock
Singapore sees rise in new money from rich people. Photo: Shutterstock
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