Hong Kong will still post faster year-on-year growth in assets under management than Singapore through 2027, despite Singapore's new policies to lure asset management firms.

MAS unveiled a profit-linked tax exemption, a dedicated hedge fund investment programme and a bespoke Investment Management Track under the ONE Pass visa scheme, explicitly framed as a competitive response to Hong Kong's own incentive push. Yet AIMA data already show hedge fund staff drifting toward Hong Kong in recent months, and its China proximity plus existing sticky mandates should keep that momentum intact rather than reverse it overnight.