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Protests Could Undermine Hong Kong's Ability to Compete with Singapore

Ralph Jennings

   TAIPEI, TAIWAN - Hong Kong and Singapore have always been rivals of a
   sort. Government stability and transparent legal systems have attracted
   thousands of multinationals to both since the 1960s, giving each the
   title of Asian financial center.

   Antigovernment protests since June suddenly threaten the prowess of
   Hong Kong. The millions of people massing in the streets, shutting down
   the airport and setting fires in public places are eroding the sense of
   stability that multinationals want when they pick a base in Asia.

   Singapore is standing by now to take any Hong Kong refugees.

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