Equities

Reuters reveals Singapore cautions wealth managers on aggressively courting HK business

Reuters reveals Singapore cautions wealth managers on aggressively courting HK business

Reuters reported exclusively that Singapore has cautioned wealth managers against aggressively marketing their services or making other efforts to woo clients to the city state by capitalizing on rival Hong Kong’s political turmoil. Reuters sources said officials from the Monetary Authority of Singapore made the request last month to wealth managers, including at DBS and a unit of Oversea-Chinese Banking Corp