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Private banking asset outflows ‘marginal’ as Hong Kong clients hold tight

Fears that client assets would pour out of Hong Kong in direct reaction to a contentious extradition bill appear to have been overblown, multiple individuals representing private banks with a cumulative regional AUM of over US$800 billion have told Asian Private Banker. The sources, speaking on the condition of anonymity, were generally consistent in their read of the situation that,…

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