China’s big banks feel the bailout pinch, says petesweeneypro:
Hong Kong buying enquiries for expensive Australian and New Zealand homes have ramped up due to anti-government protests in the Chinese-ruled city, according to property agents and real estate data, Reuters reported on Aug. 27. Juwai.com, China's largest international property website, recorded a 50% increase of Hong Kong enquiries for Australian properties in the past quarter.
Singapore has cautioned wealth managers against aggressively marketing their services or making other efforts to woo clients to the city-state by capitalising on Hong Kong's political turmoil, Reuters reported on July 11, citing people with knowledge of the matter. Ravi Menon, managing director of the Monetary Authority of Singapore, said in June that the city-state would suffer if Hong Kong saw prolonged instability, and said there had been no sign of a significant shift in business or funds.
Singapore Latest News, Singapore Headlines
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