Comments by "HKim0072" (@HKim0072) on "Richest Man LI Ka-Shing Urgently Sells Properties at 30% Discount, Hong Kong Property Market Doomed?" video.
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No reason for HK to exist. They have the CCP national security law. China is "open" to foreign companies.
What purpose do they serve? Singapore has taken over as a "friendly" business spot.
Edit: adding examples
- FedEx Plans to Move Asia Headquarters, Executives to Singapore From Hong Kong. FedEx Corp. is planning on moving its Asia-Pacific regional headquarters to Singapore from Hong Kong — another blow to the city's image as an international business hub.May 4, 2023
- US law firms troubled by China’s security clampdown, Taiwan warnings, and civil liberties limits are turning to Singapore as a place to expand their Asia presence.
Firms tout the country’s easy access to other Asia nations and its attractiveness as a place to do business for corporate clients. Orrick Herrington & Sutcliffe, Cooley LLP, Baker Botts, McDermott Will & Emery, Greenberg Traurig, and Goodwin Procter have opened operations in Singapore since 2020.
- Follow the money: FEBRUARY 26 2023
Since mid-2021, Singapore’s foreign currency deposits have increased by more than $100bn, an FT analysis of bank data shows, while Singaporean dollar deposits remain steady. Deposits in Hong Kong banks have dwindled since early 2022, only halting in November as the Chinese city lifted quarantine restrictions.
- lol, and CCP companies move in
ByteDance and CNPC take over Hong Kong offices vacated by foreign companies
Mainland Chinese businesses are among those securing prime locations in Central district
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