Asia: The Pearl of the Orient meets the Lion City

Author: | Published: 27 Mar 2017

Hong Kong and Singapore are once again going head-to-head, vying for two of the year's most coveted initial public offerings (IPOs) – Alibaba-backed Ant Financial's $10 billion offering and Saudi Aramco's $100 billion deal.

The two Asian financial hubs are natural rivals in that they boast some of the world's most advanced infrastructure and freest economic systems. But the Lion City's IPO market pales, by all measures, in comparison to Hong Kong's, which hosted 61 IPOs last year compared to Singapore's 20 transactions.

But while Hong Kong...