Source: SCMP — China Business
Wealthy families are trading global uncertainty for Singapore’s regulatory rigour, driving record inflows and a revitalised stock exchange She cited the recent case of a Northeast Asian tech founder with US$50 million in assets who decided to restructure his family holdings and consolidate cross-border investments by setting up a corporate structure in the city state. To him, Singapore was a natural choice as a financial safe haven – offering, in Tanaporn’s words, “long-term succession planning under a stable, English common law jurisdiction”, without requiring him to relocate. That combination of stability and accessibility was a common refrain among wealth managers who told This Week in Asia that inflows into Singapore had steadily picked up among high- and ultra-high-net-worth individuals seeking to manage geopolitical risk. The island country’s stoic positioning amid a turbulent global environment has also contributed to the recent resurgence of its stock exchange, with the benchmark Straits Times Index crossing the 5,000-mark for the first time in February.
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