Delegates attending Asia’s biggest and most exclusive annual investor forum in Hong Kong earlier this week were confronted by a jarring sight.
For the first time in CLSA’s 26 years of running the event — a vital mingling venue for Hong Kong’s financial elite — fund managers from companies representing a total of $30tn in assets flew in to find fires burning outside Tiffany’s and tear gas being fired near shoppers leaving the Sogo department store.
Turnout for the investor conference was down 10 per cent from last year, organisers said.
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