Chinese "capital flight" fuels Hong Kong's rise as the BRICS' banking and financial center скачать в хорошем качестве

Chinese "capital flight" fuels Hong Kong's rise as the BRICS' banking and financial center

High-net-worth Chinese individuals and hundreds of companies in Mainland China are establishing new offices and operations in Hong Kong. Their deposits, along with China's enormous FX reserves, are capitalizing the new BRICS' economic system. HK is both part of China, but classified as "offshore" with respect to Mainland China's banking systems. This affords policymakers and central bankers in China great flexibility in managing their currency bands and Foreign Exchange reserves. And Hong Kong offers investors and companies a global financial system, but which is wholly outside Western and SWIFT banking officials. Hong Kong even allows investment banking operations and public offerings for companies on Western sanctions lists. Resources and links: For video transcript and direct links https://open.substack.com/pub/kdwalms... Wall Street Journal, Hong Kong Sees Flurry of Year-End Listing Plans https://www.wsj.com/finance/stocks/ho... WSJ, Chinese EV Battery Maker CATL Seeks Hong Kong Listing https://www.wsj.com/business/chinese-... Reuters, Chinese investors' rush for offshore assets spurs Hong Kong wealth inflows https://www.reuters.com/markets/asia/... South China Morning Post, Hong Kong hosts 41% more Chinese and foreign companies with record investments: InvestHK https://www.scmp.com/business/china-b... Hong Kong sees 27% increase in Mainland and overseas company set up in 2023 https://www.sovereigngroup.com/news/n... Bloomberg, Chinese Banks Expand in World’s Priciest Office Market https://www.bloomberg.com/news/articl... Reuters, US adds Tencent, CATL to list of Chinese firms allegedly aiding Beijing's military https://www.reuters.com/world/us-adds... Closing scene, Harbin, Heilongjiang Province