Yahoofinance, Hong Kong, Mainland China, Bloomberg, Precious Metals

Yahoofinance, Hong Kong

Hong Kong unrest sends gold investors to seek haven in Singapore

Rising violence in Hong Kong is likely to undermine investment there, with Singapore a probable beneficiary. #YahooFinance

20.8.2019

Rising violence in Hong Kong is likely to undermine investment there, with Singapore a probable beneficiary. YahooFinance

In the last 10 weeks, the breakdown of requests has skewed to around 75% for Singapore and 10% for Hong Kong , compared with a split of about 50-35 previously, said Joshua Rotbart, who runs the bullion house, which services high net-worth individuals, from Hong Kong .

J. Rotbart & Co., which helps customers buy, store and transport precious metals, says they have seen an increase in demand for gold storage in Singapore from new clients -- even when they’re based in Hong Kong or mainland China.

“Some clients are afraid of PLA intervention in Hong Kong, or of another closure of the airport, which will make it difficult to move their gold out of the city, as gold is shipped on commercial flights,” said Rotbart.

Capital flows -- for example, into real estate -- could divert to other Asian markets such as Singapore, while individual investors may shift wealth stored in Hong Kong’s insurance products to the city-state and elsewhere, BI said.

Read more: Yahoo Singapore

Twitter, Facebook accuse China of using fake accounts to undermine Hong Kong protestsTwitter Inc and Facebook Inc said on Monday they had dismantled a state-backed information operation originating in mainland China that sought ...

Chinese K-pop stars publicly back Beijing on Hong Kong issue HONG KONG (AP) - At least eight K-pop stars from China and even one from Taiwan and one from Hong Kong are publicly stating their support for Beijing's one-China policy, eliciting a mixture of disappointment and understanding from fans.. Read more at straitstimes.com.

Hong Kong protesters rally in Victoria Park to show 'peaceful' credentials after chaos HONG KONG : Tens of thousands of Hong Kong activists gathered on Sunday (Aug 18) afternoon for a major rally to show the city's leaders their ...

Chinese armed police stage another riot drill across Hong Kong border as protests enter 11th weekArmed Chinese police held another drill that featured anti-riot exercises just across the border from Hong Kong as the city’s protests entered their 11th week.A minute-long video of the drill was published by the official WeChat account of the state-owned tabloid Global Times on Friday night, in which

Employees get caught in middle as China pressures businesses over Hong Kong HONG KONG (NYTIMES) - As Hong Kong seethes with protests against China's rule, Beijing is increasingly pressuring the business world to take its side. Businesses, both global and local, are falling in line - and their employees are caught in the crossfire.. Read more at straitstimes.com.

Hong Kong protesters flood city streets for largest rally in weeks[ HONG KONG ] A sea of democracy activists flooded the streets of Hong Kong on Sunday during torrential rain in a peaceful show to city leaders that their movement still pulls wide public support, despite mounting violence and increasingly stark warnings from Beijing. Read more at The Business Times.

Write Comment

Thank you for your comment.
Please try again later.

Latest News

News

20 August 2019, Tuesday News

Previous news

Singapore #Fitspo of the Week: Ng Wei Li

Next news

Australia: Shares gain for 2nd day on stimulus hopes; BHP falls
Previous news Next news