https://www.nytimes.com/2018/05/02/business/xiaomi-china-ipo.html Instead of listing in the US companies will list in China . I would like to hear about other unintended consequence of US trade policies.
Where did you pull that grossly incorrect opinion from? Did you even glance at the article? Do you have much experience with the markets? This has has to do with Dodd Frank and Hong Kong loosening regulations. This was predicted when Congress was drafting Dodd Frank. From article: The exchange’s move to loosen its requirements is expected to trigger a spurt of initial public offerings this year and next amid growing appetite across global public markets for new technology companies.
You think this has anything to do with (Trumps) US trade policy? Seriously?? Even your un-incredible NYT article explains HK fin rules were behind the times. And obviously you have no clue that HK is is in the top 10 of USD reserves, completely separate from the Mainland. And you have no clue that when HKDs are issued, USD reserves must be increased by a peg rate, per HKD issued. Hey, that ALMOST sounds like an attempt at non-fiat. The entire economy of HK is BACKED, not just tied or pegged, to the USD... Get a clue!! All of this was in place before Trump ever got in office. None of this, including the changes to the HK exchange rules has anything to to with Trump. I hope they IPO and list TRILLIONS of dollars worth of stock!!
you are quick on the trigger and show a lack of character by personalizing. the statement was intended to raise the possibility that this is part of China's policy to reduce American influence in the world.
Perhaps, you may want to consider changing the thread title and your first post. You made some pretty definitive statements.
no. you took it to be the major consequence of Trump's trade policy. it is a case of misinterpretation in your post. it happens.
I will not go beyond Wikipedia. Do your own homework!! Since 1983, the linked exchange rate system is a unique type of exchange rate regime used for the Hong Kong dollar to be pegged with the United States dollar at a fixed rate of HK$7.80 = US$1. In this unique linked exchange rate system, the Hong Kong Monetary Authority (HKMA) authorises the three note-issuing banks (HSBC, Bank of China and Standard Chartered) to issue new banknotes provided that they deposit an equivalent value of United States dollars with the HKMA. https://en.wikipedia.org/wiki/Hong_Kong_dollar
Interesting article. I tend to agree with the opinion as voiced in the article: Think 10 ~ 20 years into the future and it is very possible that Beijing will control the HK stock exchange. One small step in the larger One-Belt-One-Road Initiative that China is working on.