$5 billion leaves Hong Kong funds amid unrest, says Bank of England


Unrest in Hong Kong has led to as much as $5 billion of capital outflows from investment funds in the Asian financial hub since April, the Bank of England said, though its Hong Kong equivalent noted this did not necessarily mean the money had left the city's banking system. The outflows, which equate to nearly 1.

25% of Hong Kong's gross domestic product, began when protests broke out against a proposal to allow extradition to mainland China. The protests led to violent clashes and retail sales plunged, pushing the city into its.

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