$5 billion leaves Hong Kong funds amid unrest, Bank of England says
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HONG KONG (Reuters) - Unrest in Hong Kong has caused as much as $5 billion (£3.90 billion) of capital outflows from the Asian financial hub since April, the Bank of England said, though its Hong Kong equivalent noted this did not necessarily mean the money had left the city's banking system. The outflows, which equate to nearly 1.25% of Hong Kong's gross domestic product, began when protests broke out against a proposal to allow extradition to mainland China. The protests led to violent clashes..