Balance between Hong Kong and Singapore ‘vital’ for financial stability
Hong Kong and Singapore complement each other as financial centres
The "complementarity" of the financial centres in Hong Kong and Singapore is "vital" to regional and global financial stability, according to researchers at the International Monetary Fund (IMF).
Hong Kong and Singapore are the two largest international financial centres in Asia. They have both grown in size and interconnectedness in the past 20 years but, importantly, in very different ways.
A working paper, published earlier this week, analyses their relationship and finds they "seem to
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