Zeng Yuancang, a well-known financial analyst, is in Singapore. He has not been back to the “countryside” because of the epidemic in the past two years. Recently, he took advantage of the relaxation of both places and finally did He stayed in Sin He stayed for two weeks, revisiting his old friend’s hometown, and returned to Hong Kong the day before yesterday. Recently, the dispute between the two cities has become a hot topic. I asked him to talk about his impressions of this trip, and asked if Sin Chew would really absorb Hong Kong’s fat water? His answer is NO, because the stock markets of both places are insignificant, and there is no comparison. People only circulate temporarily, and money will continue to come.

Zeng Yuancang is Singaporean, and for the first time in many years, he “returned to the countryside” and revisited his hometown. He said the Xinggang stock market is insignificant, Although people are turning around, money continues to flow to Hong Kong.
He first mentioned a good sign he testified: last weekend he flew back to Hong Kong from Singapore, and the flight was almost 90% full of passengers, and more than a quarter of them were “Westerners”, who appeared are all business travelers. . “It must have something to do with ‘0+3’, they started to come back.”

On the plane, he saw that 1/4 were foreign business travelers, which was a good sign, “They are starting to come back!”
He said that the “foreigners” who manage assets in international companies are like flowing water, walking around. When Hong Kong’s epidemic prevention restrictions were the strictest earlier, a group of people went through Singapore to live temporarily, but we they will stay They will return to Hong Kong any time. The most important thing is that the money they control goes to that market, and there are more rich people in that place. In these two aspects, Hong Kong is better than Singapore.
Zeng Yuancang pointed out that the Singapore stock market is only one-tenth of the Hong Kong stock market, which is simply incomparable. Most of the companies listed there are local enterprises owned by the state, and there are not many private companies. The market is limited and limited. they cannot attract big money; Hong Kong has a large number of mainland giants, such as Tencent and There are many super family companies such as China Mobile, so Singaporeans buy Hong Kong stocks much more than Hong Kong people buy star stocks, not to mention international funds.
He remembered that a few years ago, Star Exchange asked him to act as a spokesperson on behalf of the publicity, hoping to attract Hong Kong investors to invest, but the response was very bad. Instead, there were many investors who bought Hong Kong stocks.
In terms of the number of rich people, he noted that Singapore is far inferior to Hong Kong. Fund managers will always follow the big customers. Where the customers are, they will turn around.
He said he feels the market is booming in Singapore With the increase in the number of business travelers, the rent of serviced apartments has risen dramatically, and hotel room rates have also doubled. only a short-term phenomenon. As you can see, “Westerners” have come and gone, and so has money.
Professor Zeng is a Singaporean, and his praise for Hong Kong is an objective analysis, which is more credible than foreign media comments. Looking at the numbers, the value of the Hong Kong stock market is 42 trillion yuan, 7 times more than the star stock market, the turnover of Hong Kong stocks last year was 41 trillion yuan, 20 times higher than its competitors. That’s the difference between Xiaotang and Dahu. What the teacher saw on the plane is just the beginning!
Tokihito Monogatari
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