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Singaporean, Swiss banks target Hong Kong as rivals feel geopolitical chill

HONG KONG -- Singaporean and Swiss financial institutions are making pitches to win more Hong Kong clients as concerns over geopolitical tension between China and the U.S. open doors.

Top Singaporean banks DBS and OCBC as well as several Swiss private banks are ramping up their hiring of relationship managers in Hong Kong. Executives say this comes as American players adopt a more cautious approach to the Chinese mainland and the city, which has increasingly come under Beijing's sway.