Singapore’s innovation push is giving it a lot of edge.
Bloomberg reported that in the race to lure talent for global firms’ regional headquarters, Hong Kong and Singapore have long been neck-and-neck. While many companies make their managers locate in one or the other city — often depending on whether their duties focus more on Southeast Asia, or on China — others give top talent a choice.
Back before Hong Kong’s handover to Chinese rule in 1997, Hong Kong had an edge due to expectations of the opening of China’s economy, the city’s role as the entrepot on the border, and the banking industry poised to capitalize on it. Now, Singapore’s push into innovation and technology has the Lion City on an upswing, said Karen Koh of recruiting and consultancy firm HRnetOne, who works in the Singapore-based company’s Hong Kong office.
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