solarz
Brigadier
Disgusting, but what's done is done, no use crying over spilt milk.
Let them wallow in their sinophobia and siphon all the wealth out. Leave them to their decrepit apartments and anti-China diatribes.
Hong-Kong Protests
- Thread starter Pika
- Start date
Disgusting, but what's done is done, no use crying over spilt milk.
Let them wallow in their sinophobia and siphon all the wealth out. Leave them to their decrepit apartments and anti-China diatribes.
Correct me if wrong -
There is NO capital in HK. HK is like the receptionist desk of a Hotel. Albeit a very beautiful seductress of a receptionist to whom many customers would flock to. It is not as if HK people invest in Alibaba. It is the corporations and individuals from around the world that chooses to invest through the HKSE. The HKSE collects a charge over the handling of the investments. The HK people benefit from the brokerage and what not. They are confident of HK's judicial and laws that they know they have some security. There is less scrutiny of the origins too.
Why can't signapore be an alternative. Better yet, why not make Shanghai the ideal one? Human Resource seems to be the one major factor. Or going by my very flawed comparison- the receptionist isn't attractive enough.
I'm not sure if you are of Chinese ethnicity or just have a good health interest in all things Chinese.
But either way, as I tells my students. Learning another language is always good and handed to have. BUT learning Chinese is especially so, for:
1/5 of the world speak and write Chinese.
The Chinese language is becoming more important because of commerce and eslecially so in the forthcoming future as the Chinese economy continues to grow, and becomes No.1 in almost every category i can think of. The last barrier will be when it overtake the USA in GDP!
So, Please take it up in evening classes or whatever. You won't regret it. I know it looks tough, and I'm not going to lie. It is. But it'll be worth it, even if only for your own self-development!
solarz
Brigadier
For one thing, real estate is capital. HK real estate is crazy expensive because there's a lot of money coming into the city and real estate is a safe place to park it.
As the situation in HK continues to deteriorate, people will start selling their properties, and that money will have to go somewhere.
Oh yes, it will definitely get worse! This is because the rabid anti CCP elements in Hong Kong have over 70 years head start,..
..... and lots of foreign meddling.
It is funny that the USA or any other western countries sees foreign meddling as something evil (take Trump's Russian and Ukrainian meddling for example). Yet it's perfectly ok and even legitimate when foreign forces meddle in Chinese INTERNAL affairs!
This is how the kids got brain washed. The teachers and education authorities are allowed to set questions like that. AND MAKE NO MISTAKE. It was deliberate!
Can anyone imagine the outcry from any other government if this happened in their country?
I wrote this before. The outcry from the pan-democrat Mrs Mao, when the Hong Kong authority try to change some text that includes "what nationality are we?" And the answer was "Chinese"! She blew a fuse and force an U-turn!
Singapore isn't part of China. As for Shanghai, it is more due to capital controls and the yuan isn't freely convertible. Rule of laws is actually secondary. As for Human resource, major banks in HK have actually hired many oversea Chinese. People fellow money so don't think human resource would be an issue in the long run.
1. Major Chinese industrial companies do list in Shanghai and sometime they would also list in US/HK in addition to Shanghai.
2. One of the biggest differences between Hong Kong and Chinese listing regulations is that China has stricter financial requirements. In Shanghai, companies need to be profitable to list. The New STAR Market Board in Shanghai is created to resolve this issue. (Companies such as JD.com wouldn't qualify for listing in Shanghai before STAR).
3. HKEX allows Chinese companies to gain access to a broader international investor base. HKEX has more diverse investors than Shanghai(The US is the most international market of them all). For Chinese companies with global ambitions, listing in HK and the US help them to gain more brand recognition.
Well, it is more complex than just a front reception analogy. I'm afraid!
As solarez said, Hong Kong has wealth, tied up in the form of real estate. This is monies that was earned, and it's considered savings.
Hong Kong also have the "rule of law". (I hate this words, as implies others don't have the rule of law, which obviously not true)! The rule of law they on about is the western style, which means foreign companies can operate in an environment they understand and "trust"! So they can invest with confidence! In finance. CONFIDENCE is everything! Take us for example, would we be carrying those greenbacks in our pockets if we don't have confidence in their purchase power!
This confidence reduces dramatically when investors are looking at Shanghai or scehzen.
Meanwhile, Singapore can supplied that confident. BUT Singapore is not part of China, so it lacks something that Hong Kong has. That is it's part of China, but at the same time not part of China. If you get my meaning!
So CURRENTLY, investors still believe Hong Kong is a best choice location to invest their money as it offered protection like Singapore, unlike Shanghai. But also offered access to the biggest market in the world, unlike Singapore, But like Shanghai!
So it basically Hong Kong has the best of both worlds!
@KYli China's yuan isn't freely convertible !
Thanks for making me remember that. I knew about it but seems like in my careless thought exercise, I didn't factor that in. That is a bummer. This is much more than HKSE. This is China's economic security and ultimately national security. HK seems to be the sacrificial lamb. It is so bittersweet.
Hopefully, HK dilemma helps to bolster the will of patriots within HK ( even if minority) as well as those across mainland. With the trade war, Huawei attacks, CFO detainment, SCS issue and China confrontation by the west - they shall be able to paint a big picture of struggles and need for unity.
This is the only silver lining I can see from the July protests in HK.
Thanks for making me remember that. I knew about it but seems like in my careless thought exercise, I didn't factor that in. That is a bummer. This is much more than HKSE. This is China's economic security and ultimately national security. HK seems to be the sacrificial lamb. It is so bittersweet.
Hopefully, HK dilemma helps to bolster the will of patriots within HK ( even if minority) as well as those across mainland. With the trade war, Huawei attacks, CFO detainment, SCS issue and China confrontation by the west - they shall be able to paint a big picture of struggles and need for unity.
This is the only silver lining I can see from the July protests in HK.
@Xsizor
"China's yuan isn't freely convertible !
Thanks for making me remember that. I knew about it but seems like in my careless thought exercise, I didn't factor that in. That is a bummer."
This China's currency isn't freely convertible is really a red herin!
Yes, not being freely convertible has it's disadvantages. And these are well known and understood. But it is not the only game in town!
Those of us who's a bit older than most remembers the world when most of the countries in the world, including the USA don't have a freely convertible currency! I remember and I quote from memory:
Harold Wilson: devaluation doesn't mean the pound is worth less in your pocket!
Or
Norman Lamont: I'm singing in my bath (when the Tories decided to free their pound from the EMU)!
What both these case showed is that China is no different to them with regards to the managment of their currency! And yet, investors DID and have invested in the UK economy when their currency wasn't freely convertible!
Let me put it another way. If and when China's economy grow so big and become bigger than the USA, with potential still to grow more and at a faster pace. But maintain the current currency police. Those investors who currently citing convertability as an issue would not think twice to get their paws in the Chinese Capital market!
"China's yuan isn't freely convertible !
Thanks for making me remember that. I knew about it but seems like in my careless thought exercise, I didn't factor that in. That is a bummer."
This China's currency isn't freely convertible is really a red herin!
Yes, not being freely convertible has it's disadvantages. And these are well known and understood. But it is not the only game in town!
Those of us who's a bit older than most remembers the world when most of the countries in the world, including the USA don't have a freely convertible currency! I remember and I quote from memory:
Harold Wilson: devaluation doesn't mean the pound is worth less in your pocket!
Or
Norman Lamont: I'm singing in my bath (when the Tories decided to free their pound from the EMU)!
What both these case showed is that China is no different to them with regards to the managment of their currency! And yet, investors DID and have invested in the UK economy when their currency wasn't freely convertible!
Let me put it another way. If and when China's economy grow so big and become bigger than the USA, with potential still to grow more and at a faster pace. But maintain the current currency police. Those investors who currently citing convertability as an issue would not think twice to get their paws in the Chinese Capital market!