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Showing posts with label Hong Kong. Show all posts
Showing posts with label Hong Kong. Show all posts

Friday, October 18, 2024

Is Blackrock bankrolling the WAR in Ukraine & Middle East? (A MUST WATCH)

 


Tuesday, August 25, 2020

Hong Kong set to relax Covid-19 restrictions

Hong Kong set to relax Covid-19 restrictions despite confirming ‘world’s 1st’ re-infection case

Hong Kong set to relax Covid-19 restrictions despite confirming ‘world’s 1st’ re-infection case
The city authorities will ease some lockdown measures, allowing locals to not wear masks at country parks, reopening cinemas and beauty parlors, and enabling restaurants to stay open longer than they do now.
The relaxation will take effect on August 28, Secretary for Food and Health Sophia Chan Siu-chee has announced on Tuesday. Some social distancing rules will thus be removed or eased.
Residents will be allowed to remove masks while exercising outdoors or visiting country parks – a requirement still in place throughout the autonomous region. Restaurants and cafes will also be able to extend dine-in services from 6pm to 9pm. Likewise, the authorities vowed to reopen cinemas and beauty parlors. 

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Sunday, July 19, 2020

Bank runs have started in China. After President Trump Disconnected Hong Kong from special status! Will this spread?

Saturday, July 11, 2020

Chinese Banks Preparing For "Worst Case" Scenario: Being Cut Off From SWIFT, Hong Kong Bank Runs

In the latest escalation over China's de facto annexation of Hong Kong, Reuters reports that Chinese state lenders are "revamping contingency plans" in anticipation of the soon to be enacted U.S. legislation (just waiting for Trump's signature) that would penalize banks for serving officials who implement the new national security law for Hong Kong.
In a "worst-case scenario" under consideration by Chinese commercial megabanks Bank of China and Industrial and Commercial Bank of China (ICBC), the lenders are said to be looking at the possibility of being cut off from U.S. dollars or losing access to U.S. dollar settlements, two Reuters sources said.
The worst-case scenario also envisions what would happen in the event of a run on its branches in Hong Kong if customers feared that it would run out of U.S. currency, one of the sources said (this is the scenario discussed in "If 500,000 Rich Hong Kongers Leave The City, The HKD Peg Would Surely Collapse"). The scenario was also looking at the experience of banks in Iran, the same person said. Iranian banks have been hit from time to time by U.S. sanctions dating back to the 1979 Islamic Revolution.
"We are hoping for the best, but preparing for the worst. You never know how things will turn out," one of the sources said.

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Blogger's note:  subterrnews.blogspot.com does not send cookies, or collect any information on those using the blog.  However, the blogspot is on google, and google may collect information, and send cookies.  Many of the links that  we connect to do not send out cookies or collect information, but some do.  You are keying in to this blog, and you have agreed to this.
The views expressed in the articles do not necessarily represent the opinions of this blog.  They are the views, and opinions of the author(s) of the article.