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The fundraising comes after the National People’s Congress vowed earlier this month to recapitalise major state banks.
China still places strong capital controls to manage flows in and out of the border, with a few connect schemes permitting capital to be deployed in some key offshore market such as Hong Kong.
"I’m quite hopeful that all these Southbound capital coming out from China into the world through Hong Kong will help provide the next push for Hong Kong’s capital markets," he said.
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