SINGAPORE -- The pace of inquiries to set up family offices in Singapore has slowed amid an investigation into a case of massive money laundering in the city-state, though some remain hopeful that the wave of Chinese wealth flooding into the city has not yet crested.
Finance
Singapore family office inquiries slow amid money laundering probe
Despite lull, 'push factors' still motivate rich Chinese to set up in city-state
The number of single-family offices in Singapore nearly tripled between 2020 and the end of 2022. (Photo by Ken Kobayashi)
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