With implementation of political policies on local property market and obstruction of fundings from Communism countries, some of local international banks shut down and local property market value drops by 6-8% within first two days of 2020. I make a visit to Repulse Bay to ease the tension.
The local stocks market seems to be in escalation according to GFD Inc but the actual fact is the banking capital drops back to the level of 2017 which means previous administration is spending its reserve to hold up the local stocks market. This is from FactSet. You can now understand why I am saying the establishment of Independent Hong Kong HKN is the only way out to collect international fundings.
I'm busy working on my blog posts. Watch this space!