I wonder if one day we can monetize our postings. Don't forget to hit like and subscribe. Seriously, I am glad the Hong Kong government is starting to move to the right direction.
That's naive, the law has been shelved and might well be passed quietly later on. The huge HK demonstrations had a very negative impact in Taiwan (for Mainland China) as after the pro China KMT got an election win last year, the DDP popularity apparently went up significantly during the HK protests. Bad news for Beijing, which would have asked HK to shelve the law for the moment and limit the harm. There are probably other reasons as well, but nothing much do do with a HK government attuned to the aspirations of its citizens
The extradition bill and the full integration of Hong Kong to China is inevitable. However, it wouldn't be this year because China has just been made aware of how important Hong Kong is to the world, and that they are scared of the number of people turned out in the protests which could set as an example for the rest of China when their financial situation worsen. Hence, I am not expecting the HK dollar to devalue beyond its set trading range any time soon.
What Chinese Citizens Have Learned About Hong Kong’s Protests While the world has focused on Hong Kong over the past week, most of the 1.4 billion people right across the border in China have not. As hundreds of thousands of protesters march in Hong Kong’s streets against unpopular China-backed extradition legislation, another battle is unfolding across Beijing’s Great Firewall. Photos and information about the biggest protests since the handover of the former British colony are being systematically wiped from China’s internet. Meanwhile, Chinese state media is pushing a narrative blaming the protest movement on U.S. interference. On Weibo, China’s Twitter-like social media platform, posts voicing support for Hong Kong protesters have been removed since the demonstrations kicked off last weekend -- leaving mostly Chinese media editorials on hostile foreign players trying to meddle in Chinese affairs. While WeChat users outside the mainland could share photos and comments about the protests on the popular messaging app, their contacts within the Firewall of China generally failed to see the posts. Hong Kong Braces for New Protests as Extradition Bill Suspended Typing “Hong Kong” into China’s largest search engine, Baidu, fails to produce news on protests that brought hundreds of thousands of people onto the streets. Censors have even taken note of the songs sung by demonstrators: “Do you Hear The People Sing,” a protest anthem from the musical “Les Miserables,” has been wiped from Tencent’s QQ Music streaming service. The terms “Hong Kong,” “in extradition” and “protests” are among the most-searched terms on Freeweibo.com, a site monitoring posts that have been deleted from the site. Baidu declined to comment in an emailed statement. Representatives for Tencent and Weibo didn’t immediately respond to emailed requests for comment. The English-language China Daily reported Monday that Hong Kong parents took to the streets on Sunday in order to urge U.S. politicians against interference in the city’s extradition amendments -- raising the eyebrows of China watchers after posting the story to its official Twitter account. The nationalistic Global Times has run commentaries accusing the U.S. of interference. On Monday, it went further, connecting a week of protest in the city with ongoing trade negotiations between America and China -- a step China’s government had avoided through the week. If Washington thinks “playing the ‘Hong Kong card’ can force China to make compromises in trade negotiations with the U.S., it had better think twice,” the paper warned. “The riots in Hong Kong will only consolidate Beijing’s tough stance against Washington.” China’s Communist Party tightly controls the flow of information into its public sphere. As its media diverts attention to the trade war and warnings of sabotage by outside forces, mainland readers are largely oblivious to the aims of the mass protests -- the withdrawal of contentious legislation that would, for the first time, allow extradition to China. “The reports are mostly intended for domestic readers,” said Cheung Siu Wai, a senior lecturer at Hong Kong Baptist University. “It’s impossible to completely to censor all information, so they still need an official interpretation of the events for Chinese readers.” Chinese authorities haven’t shied away from protesting recent U.S. action in support of Hong Kong’s autonomy. In response to American lawmakers’ push to reintroduce the The Hong Kong Human Rights and Democracy Act, Chinese Vice Foreign Minister Le Yucheng summoned Robert W. Forden, Deputy Chief of Mission at the U.S. Embassy in Beijing, to lodge a complaint over the U.S.’s “irresponsible” comments regarding the extradition bill. https://www.bloomberg.com/news/arti...ng-kong-protests-to-the-u-s?srnd=premium-asia
This is interesting. I wonder if the Chinese from Mainland China are learning about this. https://www.outline.com/d83p49
https://www.cnbc.com/2019/06/19/fed-decision-fed-leaves-rates-unchanged.html Gonna be a colddd summer in HK... Powell and the Fed want to end this cycle asap! The Fed’s decision to hold overnight rates steady was widely expected. However, the central bank said it does not expect to lower rates before 2020
i don't think his banking leverage comparison of a small open city economy with major large country economies is logical. I don't see HK is a particularly leveraged economy and for what he says to play out, we need to see multiple longtail events to happen.