The Wall Street Journal: Worried Hong Kong Residents Are Moving Money Out as Protests Escalate

Date August 22, 2019

FMG CEO Devadas Krishnadas highlights that some clients, including rich individuals and large enterprises, were moving both personal and investment capital out of Hong Kong. He said the driver was longer-term concerns about the financial hub, not the immediate unrest. “What’s moving the fastest is capital,” he said, while it would take longer to move staff and offices.”

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