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CNN (August 12)

2022/ 08/ 14 by jd in Global News

“Hong Kong has recorded its sharpest annual drop in population,” falling from “7.41 million people to 7.29 million, a 1.6% decrease.” Experts attribute the exodus to “strict Covid control measures and a political crackdown that have taken the shine off a financial hub long advertised as ‘Asia’s world city.’”

 

South China Morning Post (August 6)

2022/ 08/ 08 by jd in Global News

Hong Kong’s “tough Covid-19 measures have lasted too long. They have sucked much of the joy out of everyday life and left the city isolated.” Politics have also lessened Hong Kong’s appeal. “The protests, the national security law, mass arrests and relentless rhetoric have all had an impact.” So many of the best and most “cherished memories of the city…. belong to an era that has ended.”

 

The Economist (July 2)

2022/ 07/ 04 by jd in Global News

“The pecking order of financial centres is changing.” Hong Kong, Shanghai and Singapore are all vying as “the map of Asian financial hubs is being redrawn.” Given that, “the region’s two emerging giants, China and India, have partial capital controls,” Singapore stands to “be the main beneficiary—provided it can handle some of the downsides of being a global centre for other people’s business.”

 

Financial Times (June 29)

2022/ 07/ 01 by jd in Global News

Hong Kong elite are visiting Japan on posh tours to invest in Tokyo. Property brokers say the tours demonstrate “the appeal of the weak yen” and “the way in which the Tokyo market seemed immune from the recessionary worries swirling around other capitals.”

 

Wall Street Journal (April 14)

2022/ 04/ 15 by jd in Global News

“Events in Hong Kong and Shanghai have demonstrated that a ‘zero Covid’ strategy can look very effective for a long time—until suddenly it isn’t, either because a more infectious variant changes the game or because success itself breeds overconfidence.” Unless the Chinese government moves “quickly to vaccinate and boost its elderly, and start spending much more heavily on hospital capacity, then the human and economic consequences could be disastrous.”

 

South China Morning Post (March 1)

2022/ 03/ 02 by jd in Global News

“Hong Kong residents are waiting up to 39 hours for an ambulance as the health care system struggles to keep up with an escalating wave of Covid-19 cases, with the delay up by as much as 50 per cent in just two days.”

 

South China Morning Post (February 17)

2022/ 02/ 19 by jd in Global News

“Omicron has brought Hong Kong to its knees.” Things have gone “so horribly wrong” as the zero-Covid policy buckled. The health care system now teeters “on the brink of collapse.” Patients now “lie in beds outside hospitals and thousands more wait days for admission to isolation facilities.”

 

Reuters (January 24)

2022/ 01/ 24 by jd in Global News

Hong Kong’s “status as a global financial hub” is being threatened by its “zero COVID” policy and draconian immigration protocols. With no signs the government will ease restrictions, “more expats are thinking of leaving, and global banks, asset managers and corporate law firms are facing up to many of their staff exiting after annual bonuses are paid out in the first three months of the year.”

 

Institutional Investor (September 1)

2021/ 09/ 03 by jd in Global News

“Most Chinese internet stocks will need to move their primary listings to Hong Kong or delist from the US” in light of *updated SEC rules regarding the audit of US listed China stocks” and recent actions by the Chinese government. “We don’t expect this to mean a disorderly unwind of VIE listed stocks listed in US,” but “it is unlikely stocks with data considered ‘sensitive’ can keep their primary listing in the US.”

 

The Economist (March 20)

2021/ 03/ 21 by jd in Global News

Last week China slapped down democracy in Hong Kong. The imposition of tight mainland control over the territory is not just a tragedy for the 7.5m people who live there, it is also a measure of China’s determination not to compromise over how it asserts its will.” But China has pressure points. It is “more tightly coupled with the West than communist Russia ever was. This presents the free world with an epoch-defining question: how should it best secure prosperity, lower the risk of war and protect freedom as China rises?”

 

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