Singapore Banks on AI Edge as Hong Kong Woos Investment Managers with Tax Cuts

Singapore tempts expats with latest AI to stop move to Hong Kong

Close relations with both the United States and China mean the latest AI models are easily accessible in the city-state.

Singapore banks on AI edge as Hong Kong woos investment managers with tax cuts

Singapore’s financial institutions are banking on their artificial intelligence edge to retain investment managers in the face of Hong Kong’s fiscal competition. For years, the rivalry between these two Asian financial giants has been about monopolizing global talent and institutional capital. At present, the two hubs are pursuing different strategies to attract talent: Hong Kong will provide tax incentives for fund managers and private equity p…