Long-running and sometimes violent street protests in Hong Kong are helping tarn...
BENGALURU/HONG KONG - Long-running and sometimes violent street protests in Hong Kong are helping tarnish its luster as the main physical gateway of gold to China, the world’s top bullion buyer.
Clashes between anti-government activists and police in the regional financial hub are spooking tourists and subduing jewelry sales amid concerns about the logistics of shipping the precious metal out of the city. The risk for Hong Kong is that it loses further control of a liquid and portable asset that is traditionally a major conduit of capital flight during periods of economic uncertainty.
“We know at least hundreds of millions worth of gold has left Hong Kong, mostly to Singapore, but some to Switzerland,” Rotbart added.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
U.K. Could Block Hong Kong Bid for London ExchangeThe U.K. government is unlikely to approve a potential $36.6 billion takeover of London Stock Exchange Group by its Hong Kong rival because it forms too critical a part of the country’s financial infrastructure.
Leer más »
Taiwan warns citizens not to travel to Hong Kong and China after businessman detainedTaiwan's ruling party has warned citizens against traveling to Hong Kong or mainland China, saying the situation is 'severe,' after a Taiwanese businessman was detained following a visit to the protest-wracked city.
Leer más »
Bud Light: Brewer Plans Slimmed-Down IPO in Hong KongTwo months after calling off a blockbuster initial public offering in Hong Kong, European beer giant Anheuser-Busch InBev started shopping a slimmed-down version of its Asia business to investors in the city and is hoping to pull off a deal in the coming weeks.
Leer más »
Mid-Autumn Festival lantern protests to light up Hong KongHong Kong activists will combine anti-government protests with lantern celebrati...
Leer más »