While the benchmark Hang Seng index declined 12% since we last measured fortunes a year ago, the collective wealth of Hong Kong’s 50 richest by comparison, dipped only slightly to $324 billion from $328 billion.
FEBRUARY 22, 2023, 05:00 PMong Kong’s economy contracted by 3.5% in 2022, as export disruptions and weaker domestic demand took their toll.
But the outlook for a recovery turned positive as pandemic curbs were eased late last year and quarantine-free travel resumed in January after a three-year hiatus.
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