Hong Kong Interests

Briggsy's-Shin-Pads

Briggsy's-Shin-Pads

Well-known member
Forgive me if this has been previously discussed but how is the current situation in Hong Kong effecting Mr Sadler’s business there, I heard a lot of firms could relocate due to the Chinese thumbscrews turning down on the place.

I just hope Mr Sadler is well placed to tackle it.
 
Briggsy's-Shin-Pads said:
Forgive me if this has been previously discussed but how is the current situation in Hong Kong effecting Mr Sadler’s business there, I heard a lot of firms could relocate due to the Chinese thumbscrews turning down on the place.

I just hope Mr Sadler is well placed to tackle it.
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The reason China is so keen on taking closer control of Hong Kong is the financial clout the the island has on an international stage. One thing the Chinese won't want to do is damage the financial sector in any way as it is a major factor in Chinese economic growth. Sadler's whole business is based on risk and risk analysis, he'll know full well whats going on and will be taking appropriate steps to ensure he is secure and his business continues to prosper.
 
Briggsy's-Shin-Pads said:
Forgive me if this has been previously discussed but how is the current situation in Hong Kong effecting Mr Sadler’s business there, I heard a lot of firms could relocate due to the Chinese thumbscrews turning down on the place.

I just hope Mr Sadler is well placed to tackle it.
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He’s a British investor running a hedge fund registered in the Cayman Islands. His offices are in Hong Kong but, like any other financial business in Hong Kong, there’s an ‘in case of emergency, break glass’ plan to move the whole thing to Singapore. The glass is getting closer to being broken, but it won’t be a massive deal if it is.
 
TKL_Seasider said:
He’s a British investor running a hedge fund registered in the Cayman Islands. His offices are in Hong Kong but, like any other financial business in Hong Kong, there’s an ‘in case of emergency, break glass’ plan to move the whole thing to Singapore. The glass is getting closer to being broken, but it won’t be a massive deal if it is.
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TKL, what do you mean by "won't be a massive deal"? Just for clarity you understand as we may be thinking along different lines.
 
1966_and_all_that said:
TKL, what do you mean by "won't be a massive deal"? Just for clarity you understand as we may be thinking along different lines.
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I mean it won’t make a lot of difference in the medium or long term. Of course moving people, renting new offices etc in the short term is disruptive and distracting, for the company and for the individuals. But it won’t cost that much (may even save some) and won’t take that long.
 
Right, I thought that's what you were thinking of. My mind was focussed on the impact of financiers taking their business out of Hong Kong following a Chinese crackdown on their liberty under the one-state, two-systems arrangement. The international political and economic fallout of that could be immense.
 
1966_and_all_that said:
Right, I thought that's what you were thinking of. My mind was focussed on the impact of financiers taking their business out of Hong Kong following a Chinese crackdown on their liberty under the one-state, two-systems arrangement. The international political and economic fallout of that could be immense.
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Hedge funds thrive on volatility. The only time Sadler’s fund struggled to make a profit was when there was a period of relative stability in the markets ... draw your own conclusions!
 
His wife's family is based there. It won't be an easy thing for them to pull up sticks and leave.

Hong Kong has suffered with demonstrations and riots for quite some time. If this new law succeeds in calming things down then I expect most Hong Kong residents will be happier. Obviously this doesn't apply to activists who are arrested.

Disclaimer: I'm not in favour of China breaking its agreement with the UK and the imposition of these harsh new laws. In the long-term this will not work in their favour. I'm simply pointing out that there may be short term benefits for residents and businesses.
 
I understand the hubris at the CCP eroding certain freedoms in HK, but I don’t see how a Country (uK) can offer citizenship to the citizens of another, as a statement of displeasure.
 
Middxile said:
I understand the hubris at the CCP eroding certain freedoms in HK, but I don’t see how a Country (uK) can offer citizenship to the citizens of another, as a statement of displeasure.
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Same as what happened in 97- those with money in the bank will be offered UK / Canadian passports.
 
Middxile said:
I understand the hubris at the CCP eroding certain freedoms in HK, but I don’t see how a Country (uK) can offer citizenship to the citizens of another, as a statement of displeasure.
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It’s not a ‘statement of displeasure’ though, is it? It’s a measure to help people with British nationality avoid being kidnapped, thrown into concentration camps, tortured, organ-harvested, murdered. Really the absolute least a country can do
 
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