Hong Kong Economy

Last week, Morgan Stanley and HSBC cut dozens of jobs in the Asia & Pacific region, with at least 80 percent from mainland China and Hong Kong.

“If Mainland China goes down, Hong Kong goes down,” he told The Epoch Times, adding that the current measures would not change the direction of property prices.

While his opinion has triggered a strong reaction among some, the city’s indexes of real estate, finance, and other areas have corroborated what he’s said.

“It took British 150 years to turn Hong Kong into an international financial center, while China [the CCP] only took two years to turn Singapore into one.”

This may eventually lead to financial difficulties or even closure of companies, economic recession, and layoffs...