Hong Kong to lose assets to other hubs, says BVI report
New research draws a plausible conclusion given the recent turmoil in Hong Kong, albeit from a very partial source. But some industry professionals do not see big capital outflows just yet.
Offshore jurisdictions naturally hope to benefit from the protests that have roiled Hong Kong over the past year by attracting business from the Chinese territory. In fact some may already be doing so, according to research commissioned by BVI Finance, the agency that promotes the British Virgin Islands’ financial services industry.
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