Singapore's Finance Sector: Courting Global Capital While a Local Scandal Erodes Confidence

Singapore is rolling out the red carpet for global fund managers in a decisive push to stay ahead of Hong Kong. The Monetary Authority of Singapore (MAS) unveiled a new Investment Management Track for senior professionals under the ONE Pass framework, along with tax exemptions for profit-related returns and a new hedge fund investment programme. Analysts call the timing critical — Hong Kong's AUM hit a record HK$42.2 trillion in 2025 with 20% growth, while Singapore's AUM...