Hong Kong Protests Prompt Withdrawal of USD$5 Billion in Investment Funds: Bank of England

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A report from the UK central bank claims that widespread protests in Hong Kong have resulted in a sizeable withdrawal of investment funds in 2019.

Around USD$5 billion in investment funds have pulled out of Hong Kong this year in response to the protests, according to the Bank of England’s latest semi-annual Financial Stability Report.

The report, which made use of data from Refinitiv and EPFR, points out this amount is equal to approximately 1.25% of Hong Kong’s GDP.

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