#English #0527 #strike
National Security Law damages Hong Kong Economy
Stock market tells it all
After NPC introduced the National Security Law, Hong Kong Stock Market took a nose dive, with 1.7 trillion of dollars evaporated.
On 22/5, Hang Seng Index had dropped 1349 points, the biggest drop since 2015.
Magnates are rushing to evacute their assets from HK
A senior banker from a European private bank stated that, with the introduction of the National Security Law, clients consider it much riskier to invest in Hong Kong.
Clients who didn’t withdraw their assets from Hong Kong last year are asking for a Plan B to take back their assets.
Hong Kong Dollar exchange rate drops
By the end of 22/5, USD/HKD rate is 7.7558, 31 points lower than that of Thursday.
HKD 12 months long term exchange rate on 22/5 was 7.8358, 800 points lower than usual. This shows that a greater demand for USD.
National Security Law damages Hong Kong Economy
Stock market tells it all
After NPC introduced the National Security Law, Hong Kong Stock Market took a nose dive, with 1.7 trillion of dollars evaporated.
On 22/5, Hang Seng Index had dropped 1349 points, the biggest drop since 2015.
Magnates are rushing to evacute their assets from HK
A senior banker from a European private bank stated that, with the introduction of the National Security Law, clients consider it much riskier to invest in Hong Kong.
Clients who didn’t withdraw their assets from Hong Kong last year are asking for a Plan B to take back their assets.
Hong Kong Dollar exchange rate drops
By the end of 22/5, USD/HKD rate is 7.7558, 31 points lower than that of Thursday.
HKD 12 months long term exchange rate on 22/5 was 7.8358, 800 points lower than usual. This shows that a greater demand for USD.