The banks have passed the BOE’s stress test, which modelled a fall of almost 8 per cent in Hong Kong’s GDP and a slump in property prices by more than half.
“According to the latest statistics on deposits and money supply, as well as the latest financial market situation, there was no noticeable outflow of funds from Hong Kong dollar or from the banking system,” a spokeswoman for the Hong Kong Monetary Authority, Hong Kong’s central bank, said in an email.
globeinvestor This most powerful speech in HongKong democarcy movement can explain why the capital outflows
globeinvestor wrong, the traceable capital outflow is more than $5 billion, non-traceable amount would be ten times more. just Uncle Four alone had moved at least 5 Billion out of Hong Kong.
globeinvestor I wonder why... PoliceBrutality
globeinvestor the more and the faster the better...
globeinvestor
globeinvestor HK's a police state. HK brutal police continues to arrest innocent local and non-local civilians in the city, torture them, rape them and force them to take psychiatric drugs. It shows Carrie Lam won't satisfy reasonable 5 demands only after she's sanctioned. StandWithHongKong
globeinvestor If u are chinese and forsee HongKong is no longer different from China, would u risk not leaving? It’s important for HongKongers to safeguard value like justice and rule of law so that we can enjoy long term stability
globeinvestor Judiciary is dead. HKPolice now can search anyone and get any data without court warrant. They can do anything without legal responsibility. Please retreat all investments from China & HK, and ban all China & HK investments. HK is not safe anymore. DecoupleChina
globeinvestor Let hongkong be HK. CCPChina hands off from us.
globeinvestor The topic photo is damn right😅
globeinvestor Seeing how the CCP is manipulating the HK govt, eroding the rule of law, breaching the “1 country 2 systems”, and turning HK into a HKPoliceState, no one is surprised. The foreign investors aren’t blind.
Zeega333 globeinvestor
globeinvestor With the rule of law, justice & liberties were killed by CCP, HK gov. & HKPoliceTerriorists, does assets still safe in HK?
globeinvestor I wonder why too
globeinvestor I wonder why. HKPoliceTerrorism StandWithHongKong