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Proposed treatment of HK's rich sparks worries

If high-net-worth individuals end up being classed as retail investors in Hong Kong, the likes of hedge funds and private banks may face further compliance headaches.
Proposed treatment of HK's rich sparks worries

Firms soliciting wealthy individuals in Hong Kong may soon be hit with an extra layer of compliance if the city’s markets regulator ends the practice of treating them as them as professional investors.

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