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Well Hong Kong is basically owned and run by real estate billionaires. And it looks like they are doing a little hedging before China tightens some scews. Few w
by hos234 7y ago
Well Hong Kong is basically owned and run by real estate billionaires. And it looks like they are doing a little hedging before China tightens some scews. Few weeks back they bought UK's largest pub operator.
- addicted 7y agoAnd Brexit driven weakness in the pound makes it a great time to invest. So arguably both the political factors are actually encouraging these moves.
- TeMPOraL 7y agoIs there a reason to assume the pound will rebound any time soon?
- sverige 7y agoAnd 25 years ago they bought Vancouver.
- andy_ppp 7y agoWhy wouldn't you when the £ is 15% lower than a year ago. Bargain.
- wahern 7y agoI wonder, would HK owning the LSE make it more or less likely for China to send in the stormtroopers? My first thought was that this was a move to make HK more of an untouchable, international city. But HK billionaires simply investing offshore sounds more likely--presuming they have a direct stake in the exchange.