Nervous HK millionaires are moving their cash to Singapore

The government sees the economy expanding 1.5%-2.5% this year, compared with 3.1% in 2018.

SINGAPORE: Private bankers are being flooded with inquiries from investors in Hong Kong who are worried about the long term effects of the political crisis in the Chinese city.

While the Hong Kong government has shelved the controversial law that sparked the latest round of unrest - one that would have allowed criminal suspects to be transferred to the mainland for trial - a new tier of wealthy investors are setting up ways to move their money out of the former British colony more quickly, bankers and wealth managers said.