Vincent Boland: It is sad to say, but Hong Kong is so over it hurts – and it’s a loss to the world

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 71%

Ireland Headlines News

Ireland Latest News,Ireland Headlines

From being the jewel of Asia, these days Hong Kong’s status as a world-leading financial centre is diminishing at an alarming rate

The Big Picture Vincent Boland: It is sad to say, but Hong Kong is so over it hurts – and it’s a loss to the world

There is also another sense in which Hong Kong is not what it used to be, and the change can be measured in numbers. For the past half-century, at least, the territory was the pre-eminent financial centre in Asia. It maintained that status even as Tokyo and Singapore rose to challenge it. As I wrote in 2020, Hong Kong thrived because it was more open than Tokyo, less uptight than Singapore, and more welcoming of expatriate residents than either of them.

In particular, Aguzin was unable to stop the slow decline in trading on the exchange and of initial public offerings from China on which the Hong Kong market recently thrived. The value of share-trading on the exchange tumbled to just HK$80 billion a day in the fourth quarter of 2023, nearly a third lower than it was a year ago.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in İE

Ireland Latest News, Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rosanna becomes fifth person to be sent home from DWTS after tense dance-offThe author and model and her pro partner Stephen Vincent were eliminated after a combined score from the judges and the public at home after an incredible Orchestra week
Source: RSVPMagazine - 🏆 7. / 76 Read more »

Used Car Reviews | 2014 Opel CorsaWe headed to Ratoath Motor Centre in Co. Meath to have a look at a 2014 Opel Corsa. Blake Boland drives it for AA Ireland.
Source: aaroadwatch - 🏆 22. / 51 Read more »

Dublin Ranked Second in List of Booziest Cities in the WorldA recent study revealed that Dublin is the second booziest city in the world. The study also found that 81.3% of Ireland's population drinks alcohol, the highest percentage among all countries in the study.
Source: JOEdotie - 🏆 31. / 51 Read more »

Daniel Wiffen makes history with gold medal for Ireland at World ChampionshipsArmagh swimmer wins first medal for Irish person at long course championships in 800m freestyle
Source: IrishTimesSport - 🏆 2. / 99 Read more »

McSharry 'gutted' after fifth-place finish in World 100m BreaststrokeThe Sligo native also finished in fifth place in last year’s final.
Source: The42_ie - 🏆 5. / 86 Read more »

Energy Ursula Von Der Leyen: World has 'not learned its lesson' from previous energy crisesEuropean Commission president Ursula Von Der Leyen has stated that the world has not learned from previous energy crises and that the fossil fuels industry is heavily subsidised.
Source: businessposthq - 🏆 8. / 71 Read more »