Protests in Hong Kong have raged for months now, and it's causing investors to move their money out of the city.
Protests in Hong Kong have raged on for months. Investors in the city are getting spooked and are taking their money to Singapore. Goldman Sachs analysed Hong Kong's banking system and found that $3 to $4 billion has moved out of the city to Singapore in the last three months. They also found that local currency deposits fell in August by 1.6%, which was the biggest drop of 2019. View Markets Insider's homepage for more stories.
Protests in Hong Kong have raged on for months. Investors in the city are getting spooked and are taking their money to Singapore. Goldman Sachs analysed Hong Kong's banking system and found that $3 to $4 billion has moved out of the city to Singapore in the last three months. They also found that local currency deposits fell in August by 1.6%, which was the biggest drop of 2019. View Markets Insider's homepage for more stories.
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