Singapore envoy urges HK cooperation, rejects zero-sum rivalry

Singapore's consul general in Hong Kong, Eric Teo Boon Hee, publicly downplays the rivalry between the two financial hubs, advocating for collaboration to 'expand the pie' amid capital inflows to Asia. This marks a notable diplomatic softening from Singapore, which has often been seen as competing with Hong Kong for regional financial primacy. The statement signals potential for enhanced bilateral cooperation, though concrete initiatives remain unspecified.