Name me a good sanction USA did resulted in anything?

Had a heated argument with a friend saying this who national law is going to ruin HK. Business will lose.

MEH.... For any senior directors... they are already managing entire Asia territory, so if business gets to be transfered to Singapore, instead of HK, ain't going to mean shit.

Will business all leave HK... again... doubt it.

1989 June 4... did business all shut down?
1997... did all US based company leave?
2002 SARS....
2014 umbrella.. oh, business will run cause HK is no longer safe...
2019 COVID...

how is this time going to be any different. I doubt things will be crazy affected. Will wait and see. OH... pricing of housing will all crash... the ONLY time that happened was 2002 during SARS, but it has already rebounded multiple times..

Oh shit I didn’t realize the zombie apocalypse already happened

Other countries offering someone the ability and choice to move into their sovereignty...

China: I am outraged. Stop meddling in our internal affairs. How dare you try to offer them a better life. China #1.

Also China: Our laws are applicable to everyone on this planet.

Also China: I don't recognize the international courts or any previously agreed upon agreements because, yea, because.

How did we get to this?

Personal sidenote: I have a parent that is still supportive of CCP, and I find it incredulous that they can continue to hold on that viewpoint in light of all the fuckery that is going on. I find it incredibly tiresome to even converse because of these divergent views...

The nuclear option is to bar HK from trading USD. That basically kills the very essence of HK as a financial hub because USD still accounts for the vast majority of int'l transactions.

I see this time as a bit different than all the previous "crisis" HK faced as the underlying fundamental is changing. China no longer cares about keeping face when it comes to HK. And as hypocritical as it might sound, there are some barriers one isn't supposed to cross. China worries more about HK protest spilling into mainland China, however remote the possibilities, than keeping HK. And it took off the last piece that allows western societies such as UK, EU, US... etc to even PRETEND that HK is different than China.

Thats probably because all they watch on TV are shows sponsored from China and the news they read are all from China.
Maybe have them watch some global news.

Couldn’t find anything that actually detail what is in this sanction bill. Where are you seeing barring China from trading in USD? HKD is peg to USD that along with the trade deal trump has with China. Not allowing access to USD is a sucide move for Trump’s own career and both the American and ofc the Chinese market.

All I am seeing is rumor right now and a constantly confirmation from Trump’s team that trade deal with China is still on. You can’t have a trade deal if you don’t allow that country to trade in USD

The sanctions so far are on visas of CCP officials and their families, and on US banks that deal with these officials (only people who specifically were involved with HK)

I'm not saying that they are barring HK to trade USD, but that's the nuclear weapon US holds as far as its arsenal goes against China regarding to HK. If that ever goes official, it's a financial meltdown never before seen in Asia because hundred of billions, if not trillions of HKD floating would suddenly become near worthless as it's officially pegged to USD.

It's hard to even imagine the US would come to that, but with bipartisan support on HK topic, nothing is off the table.

Okok... I think I'm over the top and entering the fantasy land. However, with the current situation in HK, the message I'd suggest is for everyone to take a HARD look in their portfolio and see how much exposure they have relating to HK.

Because the USD ban is the VERY extreme... and by that, it means HK is going full China or worse, being depressed to become China. And if that's the direction HK is taking (more precisely what CCP decides to do with HK), HK's asset is set to drop significantly.

I'd either leverage on something that mitigates the potential losses in the worst case scenario, than hoping the CCP wouldn't be that stupid to go full ret*rd with HK.

There's still time. Before any major players such as UK/US make any big announcements, they would allow some time behind the scene for their own company to shield from the damage. But if at this stage, you are doing ZERO preparation... you are just asking for trouble.

We live in a global economy thou. You can’t properly hedge for something as big as this. Literally everything in the market will take a hit. Apple Amazon hell even Tesla will be affect with by this at least fundamentally. We are not talking about cutting off a small country that barely move the needle. You are talking about about the number 1 economy in the world not allowing its currency to be traded with the number 2 economy in the world

International relationship, sanction on visa, tariffs is one thing. This, this is another. It naive to think in this day and age you can invest in a business that is completely shelter from exposure to China. It’s like trying to invest in something that is isolated from exposure to USA. It is impossible, they are the two biggest economies in the world.

If this happen we are seeing a crash that will make the covid crash child’s play.
Seeing how Trump Refuse to call off the trade deal with China despite all the sanctions. He knows as well how important and how connect the two economy is.

Beside USD being the de facto world currency is one of the reason for American’s current hold on the world. China at this point has not developed RMB to a point to overtake USD. Them using USD helps American just like how the rest of the world help cement American as number 1 by settling in USD.

Anyways just my opinion. There are many ways for American to punish China, cutting them off from USD is the just self destructive in so many ways.

I expect this protest sign format to take off in Hong Kong, now that the old slogan has been deemed illegal

https://pbs.twimg.com/media/EcAaZSFUYAMGuQO.jpg

It started with this one on July 1

https://i0.wp.com/hongkongfp.com/wp-...3_09-56-33.jpg

You doing ok there in HK? Friends in HK is saying the HK police is just randomly searching for bystanders or even just people walking by searching their belongs, writing down their ID number, asking where they are going and even hinting friends to not protest or they will get what's coming. That's not right at all why would I be subject to a search when the police don't suspect me doing anything illegal. Of course my friends are too scare to even ask the reason they are being search in fear of getting arrested or just get beat up by the cops......

So far I haven't had any problems with the police

That's good to hear. Saw the news the guy that was riding the motorcyle and hit the police is actually charge now. I am pretty sure he is going to made an example so the charge is going to pretty close to maximum......

I live in a very yellow area and let just say even walking by a crowd of cops everytime they sing in the mall or hand out flyers by the mtr exit is...well makes me more angry than anything

The fact that any country treated HK unique from China is a joke, especially with exporting sensitive goods

The extradition should have been rescinded when China was arresting ppl out of HK a couple of years ago

That fact is what allowed HK to be HK, and why it flourished. Trust was basically the only reason the handover happened the way it did. That trust has been broken though, so those days are gone.

They definitely waited to the last second to make any changes though, that's for sure

Soon HK is going to have the same censorship as China ie no FB, TW, IG new outlet being government control, behind the the great firewall.

That's when I start thinking about leaving

Until then, my privileged life isn't affected that much.

That's pretty much hyperbole for now though

I think it started already
When government officials and police repeatedly calls out specifically TV programs and radio programs for making nthe government and police looks bad and said those program is destroying the harmony relationship between citizen and government IE

Realistically, that could be a very long period of time no? In other words, unless you are someone who is actively outspoken on social media and other mediums criticizing the state, your "privileged" life is unlikely to change all that much aside from perhaps having to start using a VPN to access certain websites.

If nobody can raise their voice on social media or critize the state, the poison baby formula and tofu-dreg development / engineering project will never be uncovered and citizens never get their justice.

Yes you can say your previlege is unlikely to change until certain things happen at some point and the voice can't never be raised.

BTW, the state government is starting to ban VPN and is deemed illegal now except for corporate.

Exactly

If I was raising kids here I'd be gone in a heartbeat

But I already know what I know. I wasn't an activist before, and I was never going to be one. That's my privilege. So since my day to day life isn't really affected (I had no interest in reading Joshua Wong's books, and I didn't watch those satire shows, etc), and I can be selfish about it.

It all really fucking sucks and I feel sad for HK, but me as 1 person, it's something I can deal with (for now).

That could change though, and again I have the privilege to up and leave if it comes down to it. That also allows me to "deal with it" since that avenue will always be open to me no matter what.

This is not an "I told you so" statement, but as an ex-liberal (as in supporter of liberal ideologies) turning conservative in recent events, I have to warn ANYONE who supports the BLM without really thinking deeply what they are trying to do. They have a political agenda... and that is to separate the society into 2 and hopefully they can FORCE the majority to accept their ideology and progress with things they really want to do. What they want no longer has anything to do with black lives or racism. If that's the case, they wouldn't harras people who are suggesting ALM... it's the same principal, just covering more ground.

I'm all in for progressing the society to a better place, eradicating racism and any other form of discrimination. However, as a society, we need to learn how to do all this, including making a statement, in a civilized manner respecting our laws.

Condoning all the looting, havoc wrecking in the society in the name of "equality" only leads to a place where only ONE voice is allowed to happen. That is not what we want as a society. We embrace the differences and try to work out a common ground where even though we can't accommodate the opinion of everyone, at least everyone can accept that middle ground.

What's happening in HK, all are done in the name of the greater good of China (if you believe the CCP argument). But is it sacrificing or eradicating the ideology of some in the society a price worth paying for the "greater good"?