Hong Kong vs Singapore: Who's winning the race to become Asia's financial hub?

Each city has its own strength.

According to CNBC, many cities lay claim to being important financial centers, but two metropolises are usually seen vying for the title of Asia's most important financial hub: It's Hong Kong versus Singapore.

"Singapore is a gateway to Southeast Asia and is seen as a wealth management hub, but Hong Kong boasts easy access to China's trade and capital flows, and has held the title of top global IPO market for two consecutive years."

Read more here.

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