Hong Kong a free economy? Don’t make me laugh

This cult of amateurism cost Hong Kong’s economy grievously. Cowperthwaite knew nothing about banking – he could not read a bank’s balance sheet – and he wasn’t prepared to learn. He allowed the city’s proliferation of locally-owned banks to ... ( read original story ...)

Hong Kong homes becoming more affordable than China, BofA says

[HONG KONG] Chinese buyers are stepping up home purchases in Hong Kong, where prices are becoming "relatively more affordable" compared with some major mainland cities, according to Bank of America Merrill Lynch. Interest from mainland buyers, amid a surge ... ( read original story ...)