[HONG KONG] One Hong Kong businessman moved US$10 million to Singapore and plans to transfer more. Another is eyeing London property, worried that prices in Hong Kong are too high. Well-to-do families across the city are opening offshore bank accounts and applying for alternative passports. Read more at The Business Times.
Hong Kong bank deposits increased to a record in April and the city's currency has continued to trade at the strong end of its permitted band against the dollar. Hong Kong's wealthiest billionaires have publicly endorsed the proposed security laws and expressed confidence in the city's future.
Cheng, who was born in Hong Kong, said he worries about China's tightening grip on the city and the prospect for more unrest. Like several of the people quoted in this story, he asked not to reveal his full name because of the political sensitivity of the subject. Margaret Chau, a Hong Kong-based immigration programme director for Goldmax Immigration Consulting, said inquiries at her firm have jumped about five-fold after news of the national security legislation. For now, most of her wealthy customers are more interested setting up an escape route than leaving right away.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hong Kong and Singapore to face off over Chinese stock futuresSingapore’s role as a regional equity derivatives trading centre may be curtailed after it lost a major index-licensing deal to Hong Kong. The next battle front will be on China stock futures.
Read more »
Hong Kong TVB viewers up in arms over travel programme appearing to promote eating batsKUALA LUMPUR, June 12 — Hong Kong television station TVB has come under fire from its viewers for screening a programme deemed to promote the eating of bats. According to Hong Kong daily Ming Pao,...
Read more »
Protests, pandemic, US-China tensions from national security law: is the party over for Hong Kong?As Hong Kong marks a year since the anti-government movement began, we analyse how key players have fared. This is the sixth article in the series.For four days in a row, an elderly couple turned up at the Rich Bird Currency Exchange in Sham Shui Po, each carrying a backpack filled with old Hong Kong
Read more »
Hong Kong singer Andy Hui set to perform for the first time since cheating scandalHong Kong singer Andy Hui may be performing for the first time in 14 months.. Read more at straitstimes.com.
Read more »
Hong Kong actor Kenneth Ma dates his ex-girlfriend's good friend, actress Roxanne TongHong Kong actor Kenneth Ma has been linked to an actress whose surname is Tong since he broke up with actress Jacqueline Wong last year.. Read more at straitstimes.com.
Read more »
Hong Kong policeman reprimanded for 'I can't breathe' remarkHong Kong police on Saturday said they had reprimanded an officer who shouted 'I can't breathe' and 'Black Lives Matter' as his unit dispersed ...
Read more »