With a population of over 4 billion and growing, things that happen in Asia will increasingly shape the rest of the world – but not all countries will benefit equally. As more money is made and invested throughout Asia, the financial hubs of the region will facilitate the flow of capital and profit the most.
Singapore and Hong Kong are arguably the biggest contenders for the title of Asia’s main financial center and the rivalry between them can at times be intense.
It’s easy to see why because the two cities have many things in common with each other. Both are the gateways between their region and the rest of the world (Singapore for ASEAN, Hong Kong for Mainland China), and both lure in an immense amount of FDI.