Crazy rich Asians look to Singapore to manage wealth

City state readies tax incentives to lure family offices away from Hong Kong

20191016N Singapore

Singapore began attracting more wealth as a safe haven even before the Hong Kong protests started in June. (Photo by Mayuko Tani)

MAYUKO TANI, Nikkei staff writer

SINGAPORE -- Wealthy individuals in Asia are increasingly choosing Singapore as a place to set up companies dedicated to managing their family assets as the prospects for protest-rocked Hong Kong look less certain.

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