Singapore and Hongkong Innovation

Table of Contents capital of Singapore Vs Hong Kong as fiscal Centres3 1.1 Introduction3 1.2 pecuniary expression and Markets in Singapore and Hong Kong3 1.3 indemnity Industry3 What atomic number 18 financial go?4 2.1. Introduction of financial work4 2.2. The primary(prenominal) characteristics of financial services:4 2.3 The marketing approach to financial services:5 The Financial Products5 3.1 Introduction of financial products5 The Roles of applied science5 4.1 Introduction of Technology5 Conclusion6 Appendix8 Reference:9 Singapore Vs Hong Kong as Financial Centres 1.1 Introduction The ongoing competition between Singapore and Hong Kong quarter be traced back to the days of their entrepot status. Both economies had withal been under the British colonial rule in the agone and had earned a reputation for begin the trading centres of the East. on that point has been a shift in their focus from manufacturing and trading to the services sector, in particular the financial services industry. 1.2 Financial Structure and Markets in Singapore and Hong Kong There are parallels and differences in the Singapore and Hong Kong financial structures.

Both economies do not have a central bank, relying instead on the respective monetary administration to conduct monetary policies. The table 1.2 shows Singapore and Hong Kong their structure work. 1.3 Insurance Industry In Singapore damages industry is made up of two boards segments: general insurance and life insurance. General insurance are motor, fire, workmens compensation and cargo. Life insurance includes term, whole-life, endowment, host life, mortgage protection and annuity. The MAS takes a proactive approach in the regulation and supervision of the insurance industry and conducts periodic blockage to ensure the robustness of insurance companies. The MAS has been working with various industry partners to set up standards for the insurance industry. The MAS appointed committee, CEDLI (Committee for the Efficient... If you want to work a full essay, order it on our website: Orderessay

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