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Expat Bankers Fleeing Hong Kong See No Easy Escape to Singapore

  • Authorities have introduced changes in visa requirements
  • Emerging markets investor Mobius has left Singapore for Dubai

Singapore should be the obvious winner from the gradual demise of Hong Kong as Asia’s top finance hub. It’s not quite working out that way so far.

Stricter visa requirements, hiring restrictions and other bureaucratic road blocks mean that the influx of bankers into Singapore from Hong Kong in recent months has been more of a trickle than a flood.