#Interview #MuddyDirtyWater
Financial writer Muddy Dirty Water: Money for blood, Hong Kong dried up. Now it's "keep the island, not the people"
Now that the national security law is passed, the stock market is actually thriving?
(11 Jul) After the enactment of the national security law, Hong Kong's stock market stayed bullish. Government officials presented this as proof that the "Hong Kong doomsday theory" was untrue. As an investor, what does Muddy Dirty Water [pen name] think? Why has the economy not been affected at all?
//the implications of 'keep the island, not the people' are getting stronger
//It's common knowledge that China's economic indicators aren't trustworthy.
//'street-stall economy'... actually means opening up the black market and sex industry again so that they become a part of the GDP. It's apparent that the situation isn't great.
//Hong Kong actually is a platform for Chinese capital
//The accountants' firms will also suffer because they're stuck between their clients and the Securities and Futures Commission... exposing falsified figures from private enterprises would become a violation of the national security law.
//how does China control private enterprises? It's through inserting the Party's provisions into the company's article of association (AoA).
//The renminbi is not internationally convertible... China's easiest way to get US dollars is from Hong Kong. This is Hong Kong's use for China.
//It's just like in 1997 when the British capital withdrew and Hong Kong capital stepped onto the plate. It's like the Second Handover: Hong Kong capital is now leaving and China's is coming up.
//With these sweeping policies, even if you didn't retreat, your money would run dry.
Full translation:
https://telegra.ph/Financial-writer-Muddy-Dirty-Water-Money-for-blood-Hong-Kong-dried-up-Now-its-keep-the-island-not-the-people-07-29
Source: Stand News
Translated by: Hong Kong Echo
Further reading:
HSBC takes to WeChat social network to deny ‘framing’ Huawei in US investigations as it comes under attack in Chinese media
https://www.scmp.com/business/banking-finance/article/3094702/hsbc-takes-chinas-social-media-defend-its-collaboration-us
#NationalSecurityLaw #StockMarket #SecondHandOver #Capital #Finance #USDollars #ChineseCompanies
Financial writer Muddy Dirty Water: Money for blood, Hong Kong dried up. Now it's "keep the island, not the people"
Now that the national security law is passed, the stock market is actually thriving?
(11 Jul) After the enactment of the national security law, Hong Kong's stock market stayed bullish. Government officials presented this as proof that the "Hong Kong doomsday theory" was untrue. As an investor, what does Muddy Dirty Water [pen name] think? Why has the economy not been affected at all?
//the implications of 'keep the island, not the people' are getting stronger
//It's common knowledge that China's economic indicators aren't trustworthy.
//'street-stall economy'... actually means opening up the black market and sex industry again so that they become a part of the GDP. It's apparent that the situation isn't great.
//Hong Kong actually is a platform for Chinese capital
//The accountants' firms will also suffer because they're stuck between their clients and the Securities and Futures Commission... exposing falsified figures from private enterprises would become a violation of the national security law.
//how does China control private enterprises? It's through inserting the Party's provisions into the company's article of association (AoA).
//The renminbi is not internationally convertible... China's easiest way to get US dollars is from Hong Kong. This is Hong Kong's use for China.
//It's just like in 1997 when the British capital withdrew and Hong Kong capital stepped onto the plate. It's like the Second Handover: Hong Kong capital is now leaving and China's is coming up.
//With these sweeping policies, even if you didn't retreat, your money would run dry.
Full translation:
https://telegra.ph/Financial-writer-Muddy-Dirty-Water-Money-for-blood-Hong-Kong-dried-up-Now-its-keep-the-island-not-the-people-07-29
Source: Stand News
Translated by: Hong Kong Echo
Further reading:
HSBC takes to WeChat social network to deny ‘framing’ Huawei in US investigations as it comes under attack in Chinese media
https://www.scmp.com/business/banking-finance/article/3094702/hsbc-takes-chinas-social-media-defend-its-collaboration-us
#NationalSecurityLaw #StockMarket #SecondHandOver #Capital #Finance #USDollars #ChineseCompanies
Telegraph
Financial writer Muddy Dirty Water: Money for blood, Hong Kong dried up. Now it's "keep the island, not the people"
#Exclusive #Interview #MuddyDirtyWater Financial writer Muddy Dirty Water: Money for blood, Hong Kong dried up. Now it's "keep the island, not the people" Now that the national security law is passed, the stock market is actually thriving? (11 Jul) After…