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Heard on the street: Chinese HNWs alarmed by communist perception of Hong Kong, turn to the US

“As Hong Kong becomes more heavily influenced by China’s communist regime, wealthy Chinese are beginning to look to park their families and assets elsewhere,” says an industry source, echoing the sentiments of several private bankers on Mainland teams. “The biggest benefactor of these outflows will be the US. And who will be the winners of private banking?” the source continues,…

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