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October Regulatory Round-up: HK prepped for economic downturn; PB dual role of advisor and trustee comes into question; China continues to open onshore market

Hong Kong unperturbed by technical recession October was marked with the official announcement that Hong Kong has slipped into a technical recession, with the city’s GDP shrinking 3.2% on a quarterly basis at the end of Q3 after a 0.4% quarterly increase in Q2. Despite the downturn, experts said that the city’s financial institutions are robust enough to prevent a…

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