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“中国沉没” - The Sinking of China

Hong Kong Reclaims Top Spot as Asia's Leading Financial Hub, Surpassing Singapore​

Sep 26, 2024 Hubbis
Hong Kong Reclaims Top Spot as Asia's Leading Financial Hub, Surpassing Singapore


Hong Kong has reclaimed its position as Asia's top financial hub, surpassing Singapore for the first time in two years, according to the latest Global Financial Centres Index.

The semi-annual report, released by the China Development Institute and London’s Z/Yen Partners, placed Hong Kong third globally, behind New York and London. Singapore and San Francisco rounded out the top five.

In 2022, Singapore overtook Hong Kong after easing travel restrictions, while Hong Kong maintained its measures until early 2023. Recent improvements in the stock market and new listings have strengthened Hong Kong's financial status.

Christopher Hui, Secretary for Financial Services and the Treasury, highlighted Hong Kong's high rankings in areas such as the business environment, fintech, banking, and wealth management. He credited the city's stock market growth and regulatory support for revitalizing its IPO market, including the major IPO of Midea Group, which raised US$4 billion.

In addition, the US Federal Reserve's interest rate cut and adjustments by Hong Kong’s banks, alongside China’s recent policy moves, have further boosted market sentiment.
 
k1976 said:

Hong Kong Reclaims Top Spot as Asia's Leading Financial Hub, Surpassing Singapore​

Sep 26, 2024 Hubbis
Hong Kong Reclaims Top Spot as Asia's Leading Financial Hub, Surpassing Singapore's Leading Financial Hub, Surpassing Singapore

icon_mail.png

Hong Kong has reclaimed its position as Asia's top financial hub, surpassing Singapore for the first time in two years, according to the latest Global Financial Centres Index.

The semi-annual report, released by the China Development Institute and London’s Z/Yen Partners, placed Hong Kong third globally, behind New York and London. Singapore and San Francisco rounded out the top five.

In 2022, Singapore overtook Hong Kong after easing travel restrictions, while Hong Kong maintained its measures until early 2023. Recent improvements in the stock market and new listings have strengthened Hong Kong's financial status.

Christopher Hui, Secretary for Financial Services and the Treasury, highlighted Hong Kong's high rankings in areas such as the business environment, fintech, banking, and wealth management. He credited the city's stock market growth and regulatory support for revitalizing its IPO market, including the major IPO of Midea Group, which raised US$4 billion.

In addition, the US Federal Reserve's interest rate cut and adjustments by Hong Kong’s banks, alongside China’s recent policy moves, have further boosted market sentiment.
Click to expand...
I would rather give up this crown to HK. It causes a lot of havoc down the road.
 
Like i said before. China is the biggest consumer market. If it falls every body falls.
US trying to force tech companies out of China will not work. It's their biggest market. It's like telling you not to sell to your biggest client. It's where most of the profits were made the last 15 years.
 
syed putra said:
Like i said before. China is the biggest consumer market. If it falls every body falls.
US trying to force tech companies out of China will not work. It's their biggest market. It's like telling you not to sell to your biggest client. It's where most of the profits were made the last 15 years.
Click to expand...
 
Byebye Penis said:

Beijing is no longer hiding its panic about the state of its economy​

The stimulus blitz is sparking market speculation that Beijing is panicking over the state of its economy.
https://news.yahoo.com/news/beijing-no-longer-hiding-panic-095658100.html
Click to expand...
The state of economy has been reported since 2 years back in Taiwan economy, now china knew they can't hide any longer. Keep wanting to use export to pull up their economy. But if you export your low costs product too much, others will view china as dumping their cheap produce and thus destroy the other country's economy and market too.

Suspicion has been rifled. The official is heavily invested in the stock market. So the official has been using the country's money to bail the stock market out. So that they can sell the stock on hand for more money. That's why you can see the CCP using little stimulus, stock market will rise for a while. But the rise is temporary and it will crush again. It has been like that. The CCP knew their domestic market is fucked badly after covid, after fucking around with US and European.

They need at least USD 1 trillion to lift the market and restore the confidence. Once sentiment turns better ie, stock market sustain recovery. Businesses will start to invest and lend money from the bank to start business, thus creating jobs. When people have jobs and their confidence is up, they will spend. Thus the cycle of economy will continue.
 
congo9 said:
The state of economy has been reported since 2 years back in Taiwan economy, now china knew they can't hide any longer. Keep wanting to use export to pull up their economy. But if you export your low costs product too much, others will view china as dumping their cheap produce and thus destroy the other country's economy and market too.

Suspicion has been rifled. The official is heavily invested in the stock market. So the official has been using the country's money to bail the stock market out. So that they can sell the stock on hand for more money. That's why you can see the CCP using little stimulus, stock market will rise for a while. But the rise is temporary and it will crush again. It has been like that. The CCP knew their domestic market is fucked badly after covid, after fucking around with US and European.

They need at least USD 1 trillion to lift the market and restore the confidence. Once sentiment turns better ie, stock market sustain recovery. Businesses will start to invest and lend money from the bank to start business, thus creating jobs. When people have jobs and their confidence is up, they will spend. Thus the cycle of economy will continue.
Click to expand...
And become a poodle to the west? I say nevah!
Let's all go down together.
 
syed putra said:
Like i said before. China is the biggest consumer market. If it falls every body falls.
US trying to force tech companies out of China will not work. It's their biggest market. It's like telling you not to sell to your biggest client. It's where most of the profits were made the last 15 years.
Click to expand...
Yes they are. But the Xi Jinping with CCP has not developed their people and population to the fullest potential yet.
If they had, they would be the biggest consumer and most powerful on earth.
The position of US will be gradually taken over, if China has taken steps to develop their human capital. Instead of building and over building.
 
GUDANGARAM said:
Huawei phone lausai

Click to expand...

This phone is too heavy about 300 grams. Typical phone is 160-180g. The big Pro Max is 200g, Samsung Fold 6 is 240g.

Early adopters complained that Huawei trifold phone was like 50% heavier than Pro Max, imagine u add protective case.
so pants are dropping when carry them around
 
Last edited:
congo9 said:
Yes they are. But the Xi Jinping with CCP has not developed their people and population to the fullest potential yet.
If they had, they would be the biggest consumer and most powerful on earth.
The position of US will be gradually taken over, if China has taken steps to develop their human capital. Instead of building and over building.
Click to expand...
The over building was done before xi Jinping's term. He merely put a brake to it. Hence the slowdown. Unfortunately being a communist, he placed more emphasis in state owned businesses. Most are failing in manufacturing cars and other products and needed gomen support. .
 

China’s rising youth unemployment signals the nation’s economic woes are far from over​

https://www.latimes.com/world-nation/story/2024-09-25/chinas-youth-unemployment

0203d314-c8d0-11eb-8e37-bfb237bd82ba_image_hires_171240.jpg


In August, the reformulated youth jobless rate hit a new high for a second straight month: 18.8%. It’s no secret that China’s economy is struggling. Local governments are saddled with debt. A real estate downturn has undermined a cornerstone of household wealth and eroded investor sentiment. Wary consumers are stockpiling cash. Major companies have cut staff.
 
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