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Hong Kong Pulls Up the Drawbridge
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Hong Kong Pulls Up the Drawbridge

Philip Bowring's avatar
Philip Bowring
Jul 21, 2007
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Hong Kong Pulls Up the Drawbridge
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Hong Kong’s reputation as a well-run financial center open to all competition, has suffered two blows in the past few days. Both may echo long after the immediate noise dies away.

The more important but least noticed by most of the media was a July 18 announcement from the Hong Kong Monetary Authority (HKMA) imposing a cap on foreign government entities …

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