When taking this quick snapshot of Singapore’s DBS bank’s “full boat” on Hong Kong’s star ferry this weekend, I noticed that by chance, the background also happened to include competitors ranging from Swiss bank UBS to French and British insurers AXA and Prudential, respectively.
I wouldn’t say this photo alone is a sign that Hong Kong is overbanked, nor that all the foreign competition here had been good for consumers (seeing how high bank fees and insurance premiums in Hong Kong are, compared with those in the US), but thought this was worth a short Sunday post.
Happy Sunday!