Hong Kong

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Ireland Opens Hong Kong Consulate

On Sept. 18, an Irish cabinet member will open the country's first consulate-general in Hong Kong, both a reminder of the deep Irish historical footprint in the city and a sign of the country's booming relation...
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Hong Kong Taxis Uber Alles

The arrest of drivers working for the Uber taxi app operation in Hong Kong is further evidence of the grip that monopolists and oligopolists have on the territory’s government. Uber was initially welcomed by t...
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Hong Kong, Singapore Headed for Economic Trouble

Asia’s two bellwether city-state economies, Hong Kong and Singapore, are both headed into recession. Singapore has already announced that second-quarter gross domestic product fell at an annualized rate of 4 ...
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Hong Kong Property – No Place for the Faint-Hearted

Hong Kong is experiencing yet another property bubble. But this one has arrived more by stealth, either because of a sudden burst of local euphoria or a surge of cash from the mainland. Indeed the soaring pric...
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Asia: The Place to be for Market Punters

What are Asian stock markets telling us about the Asian outlook? Has performance over the past year reflected real prospects or just been the result of random influence and central bank manipulation? Are ther...
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Can HSBC Come Home Again?

HSBC, Europe’s largest bank, is seeking to pivot back to its Asian roots in an effort to raise its return on equity. That goal has a cosy feel in the year the bank celebrates its 150th anniversary. The problem ...
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Where Does HSBC Go Next?

Is HSBC a British bank? Or a Chinese bank? Or a bank drifting like flotsam on a global sea, driven by the ever-varying visions or pecuniary interests of its leaders? It is a question the bank, which is celeb...
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Time For Local Currencies to Rise?

It's almost forgotten that most trade was denominated in locally based currencies right into the 20th century and beyond, although in at least one case, if the Hong Kong dollar, issued by HSBC, Standard Chart...
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Hong Kong’s Misplaced Infrastructure Ambitions

There is no better illustration of Hong Kong’s diminishing autonomy than the fate of its airport. This is not an overtly political issue about democracy or the rule of law. It is a growing impediment to the ...
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A Tale of Two Budgets

The gulf in quality of leadership at the top administrations between Singapore and Hong Kong was again illustrated this week by comparing the annual budget speeches of Tharman Shanmugaratnam in Singapore and Jo...