HK Business

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.

‘The most important thing to become an international financial center is trust from the United States,’ Takafumi Maki, a Japanese financial professional, wrote.

Factors driving away tourists and local spenders alike include the ’mainlandization' of the city, high prices, and Hong Kong’s CCP-controlled administration.

For one major shipping alliance between Maersk and Hapag-Lloyd, Hong Kong is not long featuring as a direct port at all.

Almost all of his corporation’s assets and shares have been taken over by CCP state-backed banks.

Stephen Roach, former Morgan Stanley Asia chair, said he was prohibited from expressing differing opinions on Hong Kong at the recent China Development Forum.

HK Consumer Council tested the efficacy of 15 eye creams on the market, including well-known brands such as NIVEA, OLAY, ESTĒE LAUDER, SHISEIDO, and SNOW SHOW.

‘It may reflect a decrease in foreign currencies, especially U.S. dollars, in the balance of the banking system, so we see such arrangements by banks.’

“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.

Pro-Beijing newspapers accused the shop of supporting violence and sent reporters pretending to be customers to secretly take photos of its staff members.

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.”

High interest rates and political uncertainty in Hong Kong is likely to cause prime residential prices to fall more than 10 percent this year.