Daily Briefing: Singapore, Hong Kong restart dual-class push to snag IPOs; Trump's 'lack of clarity' a risk to Singapore growth

And here are top asset management firms you should consider investing with.

Hong Kong and Singapore are at it again. The Asian financial hub rivals are reviving a debate on dual-class shares as global competition for the hottest initial public offerings intensifies. Singapore is a few steps ahead. Prime Minister Lee Hsien Loong last week gave his approval to dual-class shares and other measures proposed by a panel to drive economic growth. The city-state’s stock exchange on Thursday started a public consultation, a final hurdle before allowing the structure. Hong Kong Exchanges & Clearing Ltd. Chief Executive Officer Charles Li in January revisited the topic after a 2015 proposal was shot down by his regulator. Read the full story here.

Singapore's trade-driven economy rose faster than thought in 2016 but concerns over a "lack of clarity" on US President Donald Trump's policies could hit growth this year, the government said Friday. The economy expanded 2.0 percent in 2016, powered by a strong manufacturing sector performance in the fourth quarter, final data from the trade ministry showed. Click here for the full story.

For high net worth individuals looking to find a financial advisor the Singapore market is abundant with options. While finding the right advisor is largely based on finding the right ‘fit’ in terms of personality, professionalism and goal alignment, this article will highlight some of the top firms in Singapore for an individual to consider.

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