Two Financial Centres, One Region: The Myth of Competition A long held assumption has taken hold in Asia's financial landscape: that Hong Kong and Singapore are locked in a zero sum game for regional dominance.
This narrative suggests that one city must lose for the other to gain, with each side vying for capital and market share at the expense of the other.
However, Eric Teo Boon Hee, Singapore's consul general in Hong Kong, has pushed back against this prevailing view.