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China’s common prosperity drive could prompt inflows into Hong Kong and Singapore: Value Partners co-chairman

China’s policy of prioritising “common prosperity for all” could lead to newly minted HNWIs in the country shifting some of their assets to Hong Kong or Singapore, according to investment manager Value Partners. “The plan does not emphasise wealth distribution and this is not about common poverty,” noted group co-chairman and co-CIO Dato’ Seri Cheah Cheng Hye during a media…

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