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Hong Kong fund assets grew by almost half in 2009

But despite climbing to HK$8.5 trillion ($1.1 trillion), the figure is still short of its 2007 peak, according to Hong Kong's Securities & Futures Commission.

Funds under management in Hong Kong saw a sharp rebound last year, but remain around HK$1 trillion below the record levels of 2007, according to the Securities & Futures Commission's (SFC) annual Fund Management Activities Survey, released this week.

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