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Hong Kong’s permanent secretary of financial services bullish on asset management hub potential

“20 stocks can reduce risks by up to 70%,” comments Andrew Wong, citing Princeton economist and critically acclaimed author, Burton Malkiel. “How much risk could a gathering of [industry leaders] reduce?” Despite the market headwinds investors will face from interest rate risks and possible capital flow reversal, Wong is confident in the prospects of Hong Kong as an asset management…

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