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Posted on: June 30, 2019, 11:01 p.m.
* Real estate attractive investment asset class for rich Asians. : HONG KONG/SINGAPORE, June 28 (Reuters) - Some foreign wealth managers are scrapping plans to open offices in Hong Kong in favour of Singapore, as the rich begin to move funds from the Chinese territory where a new extradition bill has stoked public unrest, people familiar with the matter said. A mid-sized European private wealth advisory firm has abandoned a plan to set up its Asia arm in Hong Kong ... Full investment news articleRelevent to this post: State Administration of Foreign Exchange ,