ðŸ‡ðŸ‡° English, 8 October 2026, AI hub
Hong Kong presses HSBC over Singapore AI centre decision
Hong Kong Monetary Authority questions HSBC's decision to set up an AI centre in Singapore.
The Hong Kong Monetary Authority (HKMA) has questioned HSBC’s decision to establish an AI centre in Singapore, despite Hong Kong being its largest market.
HSBC announced plans to set up the AI centre in Singapore by the end of the year and hire 100 AI specialists.
The decision comes as Hong Kong and Singapore compete for leadership in businesses, including AI, according to industry players.