I think this is wrong.
China will never allow the main stock market of Chinese companies to be outside of the country.
1.4 Billion people will always have a financial centre in their own country, probably multiple ones. 400 million Europeans have London, Paris, Dublin, Frankfurt, Milan, Zurich and Geneva.
If you look at the numbers you will see the difference. Just compare the IPO volume of Singapore with Hong Kong. By market cap HK is five times bigger than Singapore, four times bigger volume in IPO's. Likely, this will increase with more Chinese companies looking for second listings in HK.
Additionally, Singapore will never provide foreign companies the same level of market access as Hong Kong.
PS and for the human rights aspect, try to protest in Singapore. you would last about 2 minutes
Last edited by Sam Ting Wong; 3rd Jun 2020 at 06:58.