Singapore urges caution as wealth managers pursue HK business

Singapore urges caution as wealth managers pursue HK business

Commercial buildings in the central business district are illuminated at dusk in Singapore. Photographer: Brent Lewin/Bloomberg

Singapore has cautioned wealth managers against aggressively marketing their services or making other efforts to woo clients to the city state by capitalising on rival Hong Kong’s political turmoil, people with knowledge of the matter said.

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