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With a Big Tax Break, Hong Kong Tries to Soothe the Rich

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HONG KONG — Political opposition has been quashed. Free speech has been stifled. The independent court system may be next.But while Hong Kong’s top leaders take a tougher line on the city of more than seven million people, they are courting a crucial constituency: the rich. Top officials are preparing a new tax break and other sweeteners to portray Hong Kong as the premier place in Asia to make money, despite the Chinese Communist Party’s increasingly autocratic rule.So far, the pitch is working. Cambridge Associates, a $30 billion investment fund, said in March it planned to open an …

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