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Hong Kong ranks 7th globally for attracting wealthy individuals, behind Singapore

A recent study by Savills has ranked Hong Kong seventh globally in its ability to attract and retain the next generation of high-net-worth individuals, placing it behind Singapore, which secured sixth place. Both cities are actively working to enhance their roles as wealth management hubs amidst a significant intergenerational transfer of wealth. Hong Kong offers competitive advantages such as low taxation, financial expertise, safety, and strong connectivity, solidifying its status as a key Asian center for wealth preservation and family offices. AI

RANK_REASON The item discusses a study's ranking of cities for attracting wealthy individuals, which is not a core AI event.

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Hong Kong ranks 7th globally for attracting wealthy individuals, behind Singapore

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The item discusses a study's ranking of cities for attracting wealthy individuals, which is not a core AI event.
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COVERAGE [1]

  1. SCMP — Tech TIER_1 English(EN) · Cheryl Arcibal ·

    Hong Kong ranks 7th globally in drawing next wealthy class – trailing Singapore: study

    Hong Kong ranked seventh globally as a destination for attracting and retaining the next generation of high-net-worth individuals (HNWIs), trailing traditional rival Singapore in sixth place, according to a Savills study. The two top finance hubs in the Asia-Pacific region have b…