Hong Kong’s surprise decision last month to reappoint its top securities regulator came after a suggestion from Beijing that he remain in the role, according to people familiar with the matter.China’s government proposed that Ashley Alder stay on as head of Hong Kong’s Securities and Futures Commission in part because he’s viewed by foreign investors as a steady hand at a time of heightened economic and political turbulence, the people said, without elaborating on how the message was…
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