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In Hong Kong, world bankers urged not to 'bet against' China

22 Comments
By ZEN SOO

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In Hong Kong, world bankers urged not to 'bet against' China

Betting against China is the smart move. It is on a long slide downwards thanks to Jinping's warped leadership.

13 ( +16 / -3 )

The Smart move is to place those bets elsewhere, and turn your backs on China. What people don't realize is that the Market can, should Xi wish it, be dissolved pretty much immediately, International Law won't apply, and local Law is what Xi says it is. ... so all bets would... so to speak evaporate.

13 ( +14 / -1 )

the world need china, with Kishida inflation the 100yen shop are booming!

thank you China to rescue the poor Japanese!

-14 ( +3 / -17 )

Onshoring is the trend. China is doomed.

10 ( +10 / -0 )

Hong Kong will never be the same again after the last almost 3 years of Covid madness and the ongoing political repression from PRC.

12 ( +12 / -0 )

The speakers lineup at the Hong Kong conference includes Morgan Stanley CEO James Gorman and Goldman Sachs CEO David Solomon and other leading executives from institutions such as Citigroup and Blackstone.

Makes me shudder. Vulture capitalism being made safe by authoritarian thuggery. A pointer to a global future perhaps.

6 ( +8 / -2 )

Fang Xinghai, vice chairman of the China Securities Regulatory Commission, urged those attending to visit China to understand what is happening in the country and urged them not to “bet against” China and Hong Kong.

There goes the first truth/foobar how ever you want to take his words, and from a top regulator too. But someone should tell him and Xi....

Investors do NOT bet. Investors invests, manages risks, and employs capital.

China demand full controls so risks can't be managed and capital is deployed as a bet.

7 ( +7 / -0 )

Even though I'm currently out of work, I would not want to seek work in Hong Kong. It's a Police State, but the rule of Law is that which is dictated by the CCP, so effectively one rule for those in Power, and another for the plebs. Schools even, have had to now teach subjects according to the dictate of the CCP.

11 ( +11 / -0 )

Of course China would urge everyone not to "bet against China".

Too late. The economic party is over.

9 ( +9 / -0 )

Betting against China over the next 5 quarters is a gamble that might pay off.

Betting against China over the next 5 years is a risky gamble that only if everything breaks in your favor will have any chance of doing better than breaking even.

Betting against China over the next 10 years, well, you're better off playing the lottery.

Betting against China, the key player in the world's largest trading network, the world's biggest noncarbon energy producer with the percentage of noncarbon energy in its grid increasing every year, over the next 25 years, well, you'd probably be better off burning your money to keep warm this winter.

The housing downturn is because China refused to bail out the oligarchs who bet large that they could rake in massive profits in the boom, and get bailed out if they were caught in a liquidity squeeze when the boom dried

-3 ( +1 / -4 )

How can you bet against China,when fool pay thousands for Iphones

-9 ( +2 / -11 )

This is hilariously funny! "Fang Xinghai, vice chairman of the China Securities Regulatory Commission, urged those attending to visit China to understand what is happening in the country and urged them not to “bet against” China and Hong Kong'. I wonder if those attending or visiting was urged to talk to those with suitcases on the way out to ask them why they were leaving?

1 ( +1 / -0 )

Taken with a grain of salt. He is a Chinese regulator, and as such would never say bet against China / hk

2 ( +3 / -1 )

China will do well, but I am far less certain about the CCP. China will be a success without this short term communist trend that the Chinese picked up from foreigners.

-1 ( +1 / -2 )

Honkong is dead. No democracy. No life. It's nothing but a trap to be used by China.

4 ( +4 / -0 )

We don't need to bet against China to show our distaste for anti-democratic efforts in Hong Kong. Neither do we need to continue any business with CCP-controlled HKG either.

US banks have asked for the US Congress to tell them what they need to do related to CCP-controlled interactions. They have ASKED for clear guidance and have stated publicly they will do it. Congress just needs to pass a law. Asking a FOR-PROFIT bank to "do the right thing" is useless, but give them a law that forbids them from aiding the CCP and they will follow it, thus removing blame for any issues from the bank leaders. Until there are laws, bankers will always show up to China. They can't help it.

3 ( +3 / -0 )

Of course decadent west is afraid of the great rise of China, and in their impotence and lack of objectivity they try to do everything possible so that China has a bad image and childishly they want to derail China, which will not happen..

China can afford to have its economic problems, but the Chinese locomotive is unstoppable and thanks to XI Jinping's management it will be a matter of a few more years for China to be the world's leading economic power..

-5 ( +0 / -5 )

Not recognizing that the economic future lies in China and that betting against China is naive, will be a mistake that many will regret in the future.

It will always be better and more profitable to bet on the horse that is running faster and that is reaching the one that is already in front but tired..

In other words, the small and strong empire is more likely to dominate and conquer the large but crumbling empire..

History never fails, remember Rome and the barbarians..

-3 ( +0 / -3 )

“Don’t bet against China or Hong Kong.” Sounds like more of a threat than an appeal.

Financial services are already trending away. Supply chain management is trending towards onshoring to avoid disruptions.

china is killing the golden goose and it’s all their own fault.

4 ( +4 / -0 )

So, there is an exchange somewhere where we can bet on banks?

I had no idea.

0 ( +0 / -0 )

Lol, another WARNING from the great Oz

0 ( +0 / -0 )

If I had a million bucks, there’s no way I would leave it or invest it in China.

1 ( +1 / -0 )

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