Foreign money into Singapore has been up ‘quite sharply’ in recent months, JP Morgan says
J.P. Morgan says foreign exchange deposits into Singapore’s banks have ramped up “quite sharply” in recent months.
It comes amid growing unrest in Hong Kong which has reportedly driven investors and companies to move their money elsewhere.
Singapore has been said to be a direct beneficiary of the unrest in Hong Kong, with some bankers and wealth managers saying they have received more queries from…