Karen Joy Bacudo

    Hong Kong children hold HK$4.1 billion outside banks

    KAREN JOY BACUDO Finance Editor Hong Kong children aged eight to 15 hold HK$4.1 billion in cash, bank accounts and piggy banks, according to a YouGov survey commissioned by banking technology company Hyperlayer. The findings suggest a large share of that money sits outside traditional banking channels. Hyperlayer estimated that 36% of children in that…

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