More Hong Kong companies say business impacted by mass protests

[karlmarx]

Singapore's IPO market is likely to continue lagging its regional peers, as capital becomes increasing free to move globally.

So the government is trying to do some catch-up to remain the regional leader in financing by liberalising her own banking industry through the introduction of digital banks. The most probably digital bank to lead the Asian markets is probably Grab, if they do win the license, given their huge existing customer base in Asian markets.

It will be interesting to see if protective barriers will be placed to inhibit the cross-border market reach of the digital banks.