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Hong Kong financial firms brace for disruptions as protests intensify
20-10-2014, 10:11 AM.
Post: #71
RE: Hong Kong financial firms brace for disruptions as protests intensify
Latest update...

Hong Kong crisis deepens after weekend clashes, talks set for Tuesday

HONG KONG - A deepening sense of impasse gripped Hong Kong as pro-democracy protests entered their fourth week, with the government having limited options to end the crisis and demonstrators increasingly willing to confront police.

Dozens of people were reportedly injured in two nights of clashes that began late on Friday in the densely populated Mong Kok district of the Chinese-controlled city, including 22 police. Four people were arrested early on Sunday, police said.

The area was calm early on Monday, although scores of protesters remained on the streets.
...
http://www.todayonline.com/world/hong-ko...-arrest-45
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20-10-2014, 01:54 PM.
Post: #72
RE: Hong Kong financial firms brace for disruptions as protests intensify
I think the thru train might be delayed for some time as signalling to the HKers:
http://www.businessweek.com/news/2014-10...nghai-link

Next maybe restrict chinese tourists to HK if they still dont get the hint

(30-09-2014, 12:33 PM)specuvestor Wrote: HKers are very pragmatic people. Their main purpose is 1 Oct so as long China can contain the crowd by 1 Oct I think they will disperse, except for the students maybe. China just need to impose some economic pain on HK and things will change... the carrot does not seemed to be working.
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20-10-2014, 03:14 PM.
Post: #73
RE: Hong Kong financial firms brace for disruptions as protests intensify
Why in most countries, it's usually the students to maybe some young working adults will agitate (if necessary) for some changes in the government? What actually the HK's youngs want? So if they can vote freely for G then what? Can they then really influence the G's policies?
For Singapore, "Tan Wah Piow" was a student leader trying to influence some changes. So was the period of Barisan's time. With students against the police in the "Hock Lee" bus incidents.
Now we have only RN & H3.
It's great to be young isn't it?
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WB:-

1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.

Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.

NB:-
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20-10-2014, 03:21 PM.
Post: #74
RE: Hong Kong financial firms brace for disruptions as protests intensify
(20-10-2014, 03:14 PM)Temperament Wrote: Why in most countries, it's usually the students to maybe some young working adults will agitate (if necessary) for some changes in the government? What actually the HK's youngs want? So if they can vote freely for G then what? Can they then really influence the G's policies?
For Singapore, "Tan Wah Piow" was a student leader trying to influence some changes. So was the period of Barisan's time. With students against the police in the "Hock Lee" bus incidents.
Now we have only RN & H3.
It's great to be young isn't it?

It really depends on whose behind the scene. When you are 17 years old, what did you know about politics? Are all economy free of politics these days? Just my two cents worth.. Hence, Its great to be young but not in an ignorant way. Think about the big picture.

I think I read somewhere in this forum ..Didnt Li Ka sheng sold down most of his asset earlier this year?? why?

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20-10-2014, 04:02 PM.
Post: #75
RE: Hong Kong financial firms brace for disruptions as protests intensify
(20-10-2014, 03:21 PM)DP28 Wrote:
(20-10-2014, 03:14 PM)Temperament Wrote: Why in most countries, it's usually the students to maybe some young working adults will agitate (if necessary) for some changes in the government? What actually the HK's youngs want? So if they can vote freely for G then what? Can they then really influence the G's policies?
For Singapore, "Tan Wah Piow" was a student leader trying to influence some changes. So was the period of Barisan's time. With students against the police in the "Hock Lee" bus incidents.
Now we have only RN & H3.
It's great to be young isn't it?

It really depends on whose behind the scene. When you are 17 years old, what did you know about politics? Are all economy free of politics these days? Just my two cents worth.. Hence, Its great to be young but not in an ignorant way. Think about the big picture.

I think I read somewhere in this forum ..Didnt Li Ka sheng sold down most of his asset earlier this year?? why?
Economy has never been free of politics since day one of civilisation.
=========== Signature ===========
WB:-

1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.

Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.

NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.

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21-10-2014, 09:07 AM.
Post: #76
RE: Hong Kong financial firms brace for disruptions as protests intensify
The situation is getting out-of-control, it is not a political issue anymore, but survival... Someone has to pay the bills after the issue settle down...

HK protesters dealt legal setback as court issues injunctions

HONG KONG — Hong Kong’s High Court ordered pro-democracy protesters in the violence-hit Mong Kok district to leave the area, granting injunctions in two cases against the demonstrators, who had spent the past four weeks disrupting daily life in the Asian financial capital.

The injunctions were handed down the night before televised talks are scheduled to be held between the government and protest camps.

Hopes of easing the worst political crisis in Hong Kong since Britain handed the free-wheeling city back to China in 1997 rest on the talks scheduled for today, but few are expecting any resolution, given that the two sides are poles apart on how the city will elect its next leader in 2017.

The two injunctions were granted at about 6.45pm to the Taxi Association and the Taxi Drivers and Operators Association in one case and to the Chiu Luen Public Light Bus Company in the other. The orders are effective immediately, said reports in the South China Morning Post and China’s official Xinhua news agency.

At about 8.15pm, the High Court also issued an injunction against protesters at the main protest site of Admiralty, ordering them to clear fire exits, emergency vehicle exits and the entrance to the car park of Citic Tower, adjacent to the government headquarters.

The applicant for the injunction, the owner of Citic Tower, said the protests had been “severely affecting the operations of commercial and retail business within the property” and putting tenants at risk.
...
http://www.todayonline.com/chinaindia/ch...njunctions
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“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡

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21-10-2014, 12:32 PM.
Post: #77
RE: Hong Kong financial firms brace for disruptions as protests intensify
$ makes the world go round... politics these days - domestic and global is about $... All consters... hence must be aware of their tricks...

(21-10-2014, 09:07 AM)CityFarmer Wrote: The situation is getting out-of-control, it is not a political issue anymore, but survival... Someone has to pay the bills after the issue settle down...

HK protesters dealt legal setback as court issues injunctions

HONG KONG — Hong Kong’s High Court ordered pro-democracy protesters in the violence-hit Mong Kok district to leave the area, granting injunctions in two cases against the demonstrators, who had spent the past four weeks disrupting daily life in the Asian financial capital.

The injunctions were handed down the night before televised talks are scheduled to be held between the government and protest camps.

Hopes of easing the worst political crisis in Hong Kong since Britain handed the free-wheeling city back to China in 1997 rest on the talks scheduled for today, but few are expecting any resolution, given that the two sides are poles apart on how the city will elect its next leader in 2017.

The two injunctions were granted at about 6.45pm to the Taxi Association and the Taxi Drivers and Operators Association in one case and to the Chiu Luen Public Light Bus Company in the other. The orders are effective immediately, said reports in the South China Morning Post and China’s official Xinhua news agency.

At about 8.15pm, the High Court also issued an injunction against protesters at the main protest site of Admiralty, ordering them to clear fire exits, emergency vehicle exits and the entrance to the car park of Citic Tower, adjacent to the government headquarters.

The applicant for the injunction, the owner of Citic Tower, said the protests had been “severely affecting the operations of commercial and retail business within the property” and putting tenants at risk.
...
http://www.todayonline.com/chinaindia/ch...njunctions

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21-10-2014, 05:17 PM.
Post: #78
RE: Hong Kong financial firms brace for disruptions as protests intensify
It's incredible to hear such candid remarks from the HK CE

http://www.scmp.com/news/hong-kong/artic...-kong-vote

excerpts below:

************************

Chief Executive Leung Chun-ying told media that if the government met pro-democracy protesters’ demands it would result in the city’s poorer people dominating elections.

In an interview with foreign media, carried in the Wall Street Journal, the Financial Times and the International New York Times, the embattled chief executive reiterated his position that free elections were impossible.

Demonstrators have paralysed parts of Hong Kong with mass rallies and road blockades for more than three weeks, in one of the biggest challenges to Beijing’s authority since the Tiananmen pro-democracy protests of 1989.

Leung’s comments were published just hours before talks between senior government officials and student leaders to end the impasse are scheduled to take place later on Tuesday.

China has offered Hongkongers the chance to vote for their next leader in 2017. But only those vetted by a committee expected to be loyal to Beijing will be allowed to stand - something protesters have labelled as “fake democracy”.

Leung said that if candidates were nominated by the public then the largest sector of society would likely dominate the electoral process.

“If it’s entirely a numbers game and numeric representation, then obviously you’d be talking to the half of the people in Hong Kong who earn less than US$1,800 a month [HK$13,964.2],” Leung said in comments published by the WSJ, the FT and the INYT.

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21-10-2014, 05:58 PM.
Post: #79
RE: Hong Kong financial firms brace for disruptions as protests intensify
Wow nice he knows maths more than politics
=========== Signature ===========
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

Think Asset-Business-Structure (ABS)

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22-10-2014, 12:49 AM.
Post: #80
RE: Hong Kong financial firms brace for disruptions as protests intensify
According to the FT, Mr Leung was speaking on the dangers of populism and insisted the electoral system needed to protect minority groups.

“If it’s entirely a numbers game – numeric representation – then obviously you’d be talking to half the people in Hong Kong [that] earn less than US$1,800 a month,” he said in reference to the median per capita wage. “You would end up with that kind of politics and policies.”

http://www.ft.com/cms/s/0/3f6f1c74-584b-...z3GnZ9Ohtj

Would be interesting to read the full transcript.

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