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For instance every 6 months or so the Straits Times runs an article about the 10's of thousands of professionals seemingly leaving Hong Kong in droves and beating down the door begging to be let into Singapore. Read all comments »
Do we now have conclusive proof that Singapore is trouncing Hong Kong in finance?
The city state has leapfrogged its northern rival to become Asia’s number two financial hub, according to the recently released Mastercard Worldwide Centres of Commerce Index. Only Tokyo now lies between Singapore and Asian domination.
If you once dismissed Singapore as an annoying financial upstart, now’s the time to change your mind and build your banking career in the Lion City.
The fresh findings come as a bitter blow to anxious bankers and policy-makers in Hong Kong who are desperate to make money from the Chinese market, while maintaining HK’s standing in international finance.
And that’s not the end of Hong Kong’s troubles. Mercer’s new Quality of Living survey ranks Singapore at 32 in the global league table of big cities – two places better than last year – while Hong Kong languishes at a lowly 70.
So if Singapore is better for banking and better for living, why work in Hong Kong? Pack your bags for Singapore below.
Copyright 2006. This material may not be published, broadcast, rewritten or redistributed in any form without prior authorisation.
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