HONG KONG -- This year, like every year, Hong Kong's banking circles have been peppered with farewells for senior executives. The glittering bars of Lockhart Road and Lan Kwai Fong have seen many bottles of Champagne uncorked, tearful speeches delivered and group selfies taken in a natural cycle of change that starts toward the end of each calendar year as senior rainmakers depart for London, New York, Tokyo or Frankfurt. This year, however, few replacements are flying in.

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