Bearing this dramatic situation in mind, investors have started thinking about other financial and business hubs in the region that could potentially replace Hong Kong, and Singapore, which is a top regional luxury destination, is a strong contender.
LTAT, which manages retirement savings of Armed Forces personnel, had 9.48 billion ringgit of assets under management as of end-2019.
About 90% of investors believe impact investing will grow in significance, with measurable impact, mission alignment and financial returns driving this.
Earlier, amid concern over Beijing's decision to draft a national security law tailor-made for Hong Kong, US Secretary of State Mike Pompeo declared that the city no longer maintained a high degree of autonomy from the mainland.
WFE members have all benefited from the use of established practices operating under dedicated teams and, where appropriate, standing up additional resources to facilitate the continued delivery of a safe and efficient marketplace.