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Hang Seng’s bull run prompts renminbi fund flows

Asian high net worth investors are turning to renminbi-denominated funds following Hong Kong’s recent stock market rally that drove the Hang Seng index to a seven-year high. “Renminbi-denominated funds have picked up by three-to-four fold year on year,” says Alfred Mak, head of investment advisory at Bank of East Asia. Mak said that the recent surge in the Hang Seng index…

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