Politics, not profits: turmoil undermines business confidence
Article Abstract:
The Chinese announcement that only agreements endorsed by China would be valid in Hong Kong after 1997, will have serious economic repurcussions for Hong Kong. The Hong Kong stock market fell more than 1,000 points in three days. Hong Kong's credit ruling may also fall, and investors will expect higher returns due to the uncertain political situation. China's stand remains unpredictable as it also has business stakes in Hong Kong. It has invested almost US$20 billion in Hong Kong property, and accounts for almost 30% of its banking market and control insurance.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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Squeeze control: Hong Kong real-estate profits tied to land policy
Article Abstract:
Hong Kong's real-estate market will probably change some under Chinese control, though insiders say drastic revisions could wreak havoc. The government has long restricted supply, keeping prices, and hence land taxes, high, which in turn permitted lower taxes elsewhere. The new regime may make more land available to keep people happy, in part because it no longer will have to set aside half the land-sales revenue. Lower inflation could make property less attractive, though the present cartel should survive.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
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Object of desire: Hong Kong's market braces for China's attentions
Article Abstract:
The approach of 1997 has Hong Kong's stock exchange managers and the Securities and Futures Commission concerned that well-connected mainlanders will ignore the rules that earn the market respect overseas. The exchange may get caught between its desire to keep credibility internationally and its eagerness to remain China's main stock market. The two Hong Kong bodies are at odds, and divisions among the colony's brokers has many asking Beijing to block such new products as futures and warrants.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
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