“Hong Kong clearly has its work cut out holding on to its role as the entry way to [investing in] mainland China,” warns Deutsche Bank’s Chief Economist Taimur Baig as he reflects on the civil disobedience this weekend. Even before this weekend’s riots, Baig believes “Hong Kong will have to shape up,” and while his base case suggests the unrest will not have a major detrimental effect on the economy per se, he fears it will add to investor angst – and along with macro uncertainty – leaves Hong Kong more precariously positioned than Singapore as Asia’s major financial capital.
This post was published at Zero Hedge on 09/29/2014.
Follow on Twitter
Recent Comments