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Japan to offer express lane for funds leaving Hong Kong

Tokyo looks to lure talent from Asian financial hub in wake of unrest

A mam walks through Hong Kong's Central financial district: The Japanese government has created new rules expediting the transfer of investment funds from Hong Kong in the event of unrest.   © Reuters

TOKYO -- Japan has set up a system to accept investment funds that run into problems in Hong Kong due to civil unrest, as it tries to lure global talent from Asia's financial hub.

The Financial Services Agency will waive the regular registration process, allowing funds to relocate temporarily. The new system allow funds to be transferred from Hong Kong to Japan in as little as three days if large demonstrations in the territory make their management difficult.

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