‘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.”