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Questions Emerge About Hong Kong's Future as a Financial Hub

Earlier this month, HSBC, the world's fifth largest bank, announced it would not move its headquarters from London to Hong Kong, leaving some to view the bank’s decision as a reflection of Hong Kong’s diminishing viability as a global financial center. HSBC was headquartered in Hong Kong for more than 125 years, setting up shop in the city in 1865 as the Hong Kong and Shanghai Banking Corporation Ltd. The Tiananmen Square crackdown of 1989 raised concern among many of the firm’s...

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