Just a few days ago, HK Monetary Authority chief TL Chan pointed to two factors for HK brand of finance: quality and credibility.
Now Monetary Authority of Singapore, Ravi Menon points to three factors for Singapore financial centre: resilience, dynamism and trust. Not much difference between the two.
The competition between the two for higher share of financial services has been there for a while. But core values of finance remain the same across countries..