Singapore’s carrots for fund managers set to sharpen competition with Hong Kong

Singapore’s latest package of tax breaks and visa incentives for fund managers could enhance its appeal as a leading asset management hub, as competition with Hong Kong intensifies for global capital and high-value financial talent, analysts have said. While the measures would help maintain Singapore’s competitiveness, they are unlikely to create a significant or lasting advantage over Hong Kong, according to Ramkishen Rajan, an economist and Yong Pung How Professor at the Lee Kuan Yew School…