Singapore beefs up rivalry with Hong Kong by picking 5 firms to boost equity market | Black Bird Media.45 billion (USSingapore beefs up rivalry with Hong Kong by picking 5 firms to boost equity market | Black Bird Media.3 billion) in locally focused equity strategies, making its latest effort to revive the city state’s stock market amid sharpening rivalry with regional financial hub Hong Kong. ">

Singapore beefs up rivalry with Hong Kong by picking 5 firms to boost equity market

Singapore’s central bank has selected five international asset managers to handle S$1.45 billion (US$1.3 billion) in locally focused equity strategies, making its latest effort to revive the city state’s stock market amid sharpening rivalry with regional financial hub Hong Kong.