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Pressure on affluent to support elderly parents higher in Hong Kong than in Singapore and China: HSBC

Affluent individuals in Hong Kong are under higher pressure to financially support their parents than their counterparts in Singapore and mainland China, according to an HSBC Premier survey, which revealed that 41% of affluent respondents said their parents had suffered “significant” financial difficulties in their older years. HSBC Premier surveyed 2,200 respondents in Canada, mainland China, Hong Kong, Singapore and…

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