Anti-government protests have prompted investors to pull some $5bn out of Hong Kong since April, according to the Bank of England.
That amount is equivalent to 1.25 per cent of the gross domestic product of the Asia financial hub, the UK central bank said in its biannual Financial Stability Report. The bank cited data from EPFR Global, Refinitiv and its own calculations.
However, the $5bn in outflows from investment funds since April is modest in the context of Hong Kong’s monetary system.
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