Hong Kong is zeroing in on rich Middle Eastern investors as it looks for new pools of capital to boost its status as a wealth-management hub.
Interest groups in the city have invited more and more guests from the Gulf’s ultra-wealthy clans and family-linked entities over the past two years at a pace unseen before the pandemic, according to about half a dozen observers interviewed by Bloomberg News. The move responds to a steady outflow of foreign investors, taking the shine off Hong Kong as the gateway to China.
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