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Hong Kong bankers worry that new laws could lead to capital flight
WORLD

Hong Kong bankers worry that new laws could lead to capital flight

Published: May 22, 2020  |  3 min read, 660 words
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United States HONG KONG (Reuters) - China’s plan to impose national security legislation in Hong Kong is expected to lead to the flight of capital and talent from the Asian financial hub, bankers and headhunters said on Friday. The proposed legislation, which prompted concerns over freedoms in the semi-autonomous city, comes after large-scale and often violent pro-democracy demonstrations last year, which had already pushed some wealthy individuals to scout for investment options elsewhere. “In some cases where clients had a bit of inertia and hoped things that happened last year will just... READ MORE
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