‘Modest’ $4-bn outflow from HK to Singapore

While Hong Kong is enduring tumultuous upheaval it has yet to see any substantial capital outflow, despite the four-month-long political maelstrom engulfing the city, which has shown no sign of easing. Monthly statistics from the Hong Kong Monetary Authority, the city’s de-facto central bank, show that in August, an accumulated HK$111 billion (US$14.15 billion) was drawn from […]