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Hong Kong-domiciled funds close gap on Lux funds

The number of Hong Kong-domiciled funds authorised by the Securities and Futures Commission (SFC) continues to close the gap on Luxembourg-based funds as the former grew by another 22.9% in the past quarter. Thirteen additional Hong Kong-domiciled funds were approved by the SFC in the second quarter, bringing the total to 607, said the regulator’s quarterly report. In contrast, seven…

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