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The Two Cities Fighting for Asia’s Cash Crown

Bloomberg Markets Wednesday 21 October 2026, 21:01 UTC 1 min read
Key Points

The Two Cities Fighting for Asia’s Cash Crown Hong Kong and Singapore are locked in a fight for Asia’s billionaires and fund managers. Now, with an IPO boom and Mainland China’s backing, Hong Kong is making a move with tax exemptions on carried interest.

Oct 21st, 2026 The Two Cities Fighting for Asia’s Cash Crown Hong Kong and Singapore are locked in a fight for Asia’s billionaires and fund managers. Now, with an IPO boom and Mainland China’s backing, Hong Kong is making a move with tax exemptions on carried interest.
The Two Cities Fighting for Asia (ORG) Cash Crown (PERSON) Asia (LOCATION) Hong Kong (LOCATION) Singapore (LOCATION) IPO (ORG) Mainland China’s (LOCATION)
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