Hong Kong’s Financial Hub Lies in Ruins! Foreign Cash Flees, Mainland Cash Flees Even Faster
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Bloomberg reported on the evening of October 29 that mainland investors had made net sales of 24 billion Hong Kong dollars, or about 3.1 billion US dollars, in Hong Kong stocks so far that month. Those trades went through the Shanghai and Shenzhen Stock Connect programs. October could become the biggest month for mainland outflows since 2021.
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