Hong Kong’s SFC today issued a survey on the fund management industry. The commission has reported that Hong Kong’s fund management industry rebounded strongly in 2009, with a year-on-year increase of 45.4% to HK$8.507trn (US$1.1trn) of assets under management at the end of the year. Of that amount private banks claimed HK$1.68trn, a year-on-year growth of 31.2%. That marked an…
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