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...Some companies might also worry about having assets locked up, as private credit funds are relatively illiquid, Wong said....
...Also present as confetti flew was Singapore’s prime minister-in-waiting Lawrence Wong, waving a large green flag bearing the company’s logo....
...Shane Oliver, chief economist at AMP bank, said inflation was running at its highest level since the early 1990s, pushing up interest rates....
...Mr Wong sold his shares as the price soared and said he would use profits of about HK$75,000 to fund a scholarship at the Chinese University of Hong Kong....
But investors fret about threat to city’s autonomy from law that has sparked new pro-democracy protests
...“Hong Kong is now the battlefield in the US-China trade war,” said Dickie Wong, director of research at Hong Kong stock broker Kingston Securities....
...Dickie Wong, head of research at stock broker Kingston Securities, said Alibaba shares were eligible to be included in Hong Kong’s Stock Connect programme, meaning they could then also be traded in China...
...“In the past, it was assumed Hong Kong people were economic animals but this proves people can choose to not go to work,” said Joshua Wong, a leading pro-democracy activist....
...Additional reporting by Daniel Shane in Hong Kong...
...Additional reporting by Eli Meixler and Daniel Shane...
...Kingston’s Mr Wong added that fading hopes for a 50 basis point rate cut from the US Federal Reserve, which meets on Tuesday, were weighing on sentiment....
...Additional reporting by Alice Woodhouse, Sue-Lin Wong, Primrose Riordan and Daniel Shane...
...Since then he has made four trips, usually accompanied by Mike Preston, Arkansas’ secretary of commerce, and Yee Wong Yam, Mr Hutchinson’s trade adviser and longtime personal friend....
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