Demonstrators singing the ‘Glory To Hong Kong protest anthem outside the government offices on September 28, 2019. Photo: Bloomberg
Hong Kong may have lost US$4 billion of capital to Singapore this summer, says Goldman Sachs, as protests rattled nerves
- Goldman Sachs estimates US$3 billion to US$4 billion in Hong Kong dollars may have been deposited in Singapore this summer
- Singapore saw a sharp uptick in foreign currency deposits in July and August
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Hong Kong protests
Demonstrators singing the ‘Glory To Hong Kong protest anthem outside the government offices on September 28, 2019. Photo: Bloomberg