Singapore Offshore Strategy Survey Survey Questions Question Title * 1. Which best describes your firm? Europe/USA-headquartered asset management firm Asia Pacific-headquartered asset management firm Swiss/Europe-headquartered universal bank (e.g. UBS, Credit Suisse) Swiss/Europe pure-play private bank (e.g. Julius Baer, LGT) Asia Pacific-headquartered bank (e.g. DBS, Hang Seng Bank) USA-headquartered universal bank (e.g. Citi, Morgan Stanley) External/independent asset manager Multi-family office Single-family office Other (please specify) OK Question Title * 2. What is your job title? OK Question Title * 3. What is the AUM size of your firm, in Asia? Less than US$100 million US$100 million to US$500 million to US$1 billion to US$5 billion to US$10 billion to US$25 billion to More than US$100 billion OK Question Title * 4. To the best of your estimate, what percentage of your firm’s AUM in Asia are booked in Singapore? 0% 100% Clear i We adjusted the number you entered based on the slider’s scale. OK Question Title * 5. To the best of your estimate, what percentage of your firm’s AUM in Asia are generated from offshore flows? 0% 100% Clear i We adjusted the number you entered based on the slider’s scale. OK Question Title * 6. Please rank the 3 most important sources of offshore flows to your office in Singapore, with 1 being the most important source 1 2 3 4 5 6 7 8 Mainland China 1 2 3 4 5 6 7 8 India 1 2 3 4 5 6 7 8 Southeast Asia 1 2 3 4 5 6 7 8 Europe 1 2 3 4 5 6 7 8 Australia 1 2 3 4 5 6 7 8 Taiwan 1 2 3 4 5 6 7 8 Japan 1 2 3 4 5 6 7 8 US OK Question Title * 7. Please rank the 5 most popular products for offshore flows, with 1 being the most popular product 1 2 3 4 5 6 7 8 9 Equities 1 2 3 4 5 6 7 8 9 Bonds 1 2 3 4 5 6 7 8 9 Funds (Long and Hedge Funds) 1 2 3 4 5 6 7 8 9 Structured products 1 2 3 4 5 6 7 8 9 Insurance products 1 2 3 4 5 6 7 8 9 Private equity & Venture capital 1 2 3 4 5 6 7 8 9 Real estate/REITS 1 2 3 4 5 6 7 8 9 Infrastructure assets 1 2 3 4 5 6 7 8 9 Cash and cash equivalents OK Question Title * 8. In the following 3 years, offshore inflows to Singapore will (choose 1) Significantly increase Increase Remain the same Decrease Significantly decrease OK Question Title * 9. Please rank the 3 most important strengths of Singapore as an offshore financial hub, with 1 denoting the most important strength. 1 2 3 4 5 6 7 8 Strong banking sector 1 2 3 4 5 6 7 8 Leading insurance and reinsurance market 1 2 3 4 5 6 7 8 High quality of workforce 1 2 3 4 5 6 7 8 Efficient regulatory framework 1 2 3 4 5 6 7 8 Fintech development 1 2 3 4 5 6 7 8 Robust foreign exchange market 1 2 3 4 5 6 7 8 Leading fixed income market 1 2 3 4 5 6 7 8 Regional hub for fund management and domiciliation OK Question Title * 10. Please rank the 3 most important weaknesses of Singapore as an offshore financial hub, with 1 denoting the most important weakness. 1 2 3 4 5 6 High operating costs 1 2 3 4 5 6 Non-competitive fees 1 2 3 4 5 6 Lack of economic hinterland 1 2 3 4 5 6 Equity market losing momentum 1 2 3 4 5 6 Difficulties in retaining and recruiting talents 1 2 3 4 5 6 Stringent regulatory framework/strict regulator OK Question Title * 11. Please rank the 3 most probable trends regarding offshore flows from/to Singapore for the next 3 years, with 1 denoting the most probable trend. 1 2 3 4 5 6 Reduction of offshore inflows due to tighter regulation (e.g. AEOI) 1 2 3 4 5 6 Increased flows FROM Singapore to other booking centres 1 2 3 4 5 6 Increased offshore inflows from Mainland China due to economic growth and tightening regulation 1 2 3 4 5 6 Decreased offshore inflows from Mainland China due to economic growth and tightening regulation 1 2 3 4 5 6 Increased offshore inflows from South East Asia 1 2 3 4 5 6 Increased offshore inflows due to initiatives introduced by the regulator (e.g. Singapore Variable Capital Company legislation) OK Question Title * 12. Please rate the impact of the following regulatory initiatives on the offshore flows and the related business of your firm on a scale of 1 to 5, with 1 denoting the lowest impact: 1 2 3 4 5 MiFID II MiFID II 1 MiFID II 2 MiFID II 3 MiFID II 4 MiFID II 5 FATCA FATCA 1 FATCA 2 FATCA 3 FATCA 4 FATCA 5 CRS & AEOI CRS & AEOI 1 CRS & AEOI 2 CRS & AEOI 3 CRS & AEOI 4 CRS & AEOI 5 SMR Regime SMR Regime 1 SMR Regime 2 SMR Regime 3 SMR Regime 4 SMR Regime 5 OK Question Title * 13. Which is the most important contribution of FinTech adoption in your firm? (choose 1) Reduces administrative burden Improves compliance/KYC capabilities Enhances investment advisory services (i.e. robo-advisory) Increases the palette of offered services (i.e. P2P & P2C lending, tokenization) Improves business development and marketing strategies FinTech does not contribute to the emergence of Singapore as an offshore financial hub Other (please specify) OK Question Title * 14. Please rank below offshore wealth management hubs in order of your preference, with 1 denoting the most preferred hub 1 2 3 4 5 6 7 8 9 Hong Kong 1 2 3 4 5 6 7 8 9 Singapore 1 2 3 4 5 6 7 8 9 Switzerland 1 2 3 4 5 6 7 8 9 Shanghai 1 2 3 4 5 6 7 8 9 Sydney 1 2 3 4 5 6 7 8 9 London 1 2 3 4 5 6 7 8 9 New York 1 2 3 4 5 6 7 8 9 Luxembourg 1 2 3 4 5 6 7 8 9 Cayman Islands OK Question Title * 15. Please add your work email (Optional) OK DONE