https://www.yicaiglobal.com/news/china-to-turn-hainan-into-zero-tariff-free-trade-port-by-2025
We had stated just a few days ago that the direct FDIs in China would increase while the HK's FDIs in China would decrease. We are proven right again in our analysis.
http://sg-stock.blogspot.com/2020/05/how-important-is-hong-kong-to-china.html
After our posting, China has just announced that Hainan will be tax-free port by 2025. This will definitely undermine HK's financial hub status.
http://sg-stock.blogspot.com/2019/11/hong-kong-is-financial-hub-because-of.html
International trading will decrease in HK in the future and HK will lose its financial hub status over time. The Hongkongers are paying a heavy price just to be US puppets.
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1 comment:
This shows that China has given up on the current generation of Hongkongers because it has decided to make Hainan a tax-free port instead of favouring Shenzhen since Shenzhen is just next to HK.
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