According to the report by FT, companies like Alibaba-backed Ant Group, China’s second-largest brokerage Haitong Securities, Huawei’s cloud division and Tencent-backed digital bank WeBank have in recent months approached Singapore’s industry groups about becoming members or partnerships.
“Singapore is benefiting from geopolitical tensions,” said Chia Hock Lai, president of the Singapore Fintech Association, adding that the organisation’s membership had swelled from 350 groups in March to 780 as of September.
These companies will want to bring with them the specialised talents that they need. Singapore may not have sufficient talents to meet all their needs. Singapore will have have the whole suite of talents they need.
What do we do? Welcome them and some good jobs are created for Singaporeans who will gain good experience as well and learn new things.
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