Advertisement
Advertisement
Peter Guy
Peter Guy is a financial writer and former international banker
Documenting the origin of every dollar is impossible and while the newly passed Land Owner Transparency Act may reveal that Chinese are the main buyers of luxury real estate, this is no fodder for money-laundering claims, only for jealousy.
China may be the centre of Chinese capitalism but Hong Kong is where the banking occurs. Historically, emerging economic superpowers must maintain onshore and offshore financial centres. For Beijing, this may be Hong Kong’s only tangible value.
The departure of a generation of major business figures in Hong Kong – its original property tycoons – coincides with the arrival of the Chinese model of state capitalism on the global stage. The archetypal Hong Kong tycoon may never return.
Recent disputes in HSBC and Deutsche Bank highlight the banking industry’s disease of risking implosion to focus on big profits.
Advertisement
The American tech giants could take a leaf out of Chinese e-commerce company Pinduoduo’s book, or they could consider cracking the e-payment market.
The CK group of companies can no longer rest on its conservative and defensive strategy of investing in monopolies.
The government, by refusing to rein in property developers and taxi cartels, is tacitly shielding monopolies at the cost of Hong Kong residents.
The HKMA is blurring the fine line between the suppression of subversive ideas and promoting innovation
The airline has focused on restoring its brand, ignoring the idea that Asian air travel is being driven by price rather than premium service
The last 10 years have forced some clients to maintain two portfolios: low risk, low return fixed income products, and high risk assets such as structured financial products, derivatives and alternative assets
Wealthy mainlanders have new impetus to secure offshore havens following the Communist Party’s proposal to scrap presidential term limits
The Chinese conglomerate has a seemingly uphill task of integrating the US$3.5 billion purchase of Legendary Entertainment with its portfolio of shopping malls and cinemas as it undergoes restructuring
The popularity of alternative risk premium products has steadily grown in response to nine years of negative to low interest rates
Government has openly displayed lack of will and motivation to make tough decisions by cowering behind current laws that make ride hailing illegal
As millennials come of age, cryptocurrencies like bitcoin revealed a chasm of misunderstanding between generational values
No one really knows if the pursuit of proprietary trading profits is worthwhile as robots and algorithms fight it out- server versus server
