Trump's Impact on Hong Kong: A Boon for Singapore's Banks and Asian Investors
Donald Trump's election victory is expected to benefit Singapore's financial sector at the expense of Hong Kong, as U.S. funds may shift away from Hong Kong due to its close ties with China. Singapore's political stability and favorable tax regime have already attracted significant foreign capital, positioning it as a safe haven for U.S. and European investments. OCBC, one of Singapore's leading banks, is poised to capitalize on this shift, despite potential challenges from U.S.-China tensions under Trump's administration.