Hong Kong business slows and worries, with Andrew Collier.

Sep 05, 2019, 04:45 AM
Image:  Sun Yat-sen, politician, physician and philosopher who provisionally served as the first president of the Republic of China; and the first leader of the Kuomintang (Nationalist Party of China). He’s referred as the "Father of the Nation" in the Republic of China.  Public domain.
Andrew Collier, managing director of Orient Capital Research in Hong Kong and author of Shadow Banking and the Rise of Capitalism in China, in re: the Hong Kong protests. Carrie Lam’s offer to withdraw the original extradition bill was widely well received; but large numbers of young people are angry.  This looks as though it’ll drag on for a while.  Companies have been hurt: airlines, tourism, rentals to tourists, and retail sector all have diminished, but the big multinationals are all right, Investment banks, retailers, and the like, if damaged financially, may have to leave.   Carrie Lam’s earlier effort to quit and its having been denied by Beijing, which has hit back against a wall and doesn't know what to do. Will this affect Mainland in any way?  Not much.