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Hong Kong Fund Business Reaches HK$12.6 Trillion in 2012

Hong Kong’s fund management business grew 39 percent to a record HK$12.6 trillion ($1.6 trillion) in 2012 as Asia’s economic outlook outshone other regions and offshore use of the Chinese yuan increased.

Overseas investors accounted for about HK$8 trillion, or 65 percent of assets under management, excluding real estate investment trusts, according to the results of an annual fund management survey, the Securities and Futures Commission said on its website.