The Fate of Hong Kong
Many senior professionals in the investment banking industry say that Hong Kong is complete toast.
Foreign capital is pulling out, funds are drying up and collapsing, and the entire finance industry is undergoing strong financial headwinds that it cannot weather. That's the word on the Street.
Senior investment bankers and investment professionals, what's your take? Currently finance makes up 20% of Hong Kong's GDP. What do you think the state of Hong Kong as a financial centre will look like in 5 years? In 10 years?
Sad times. No more casual hookers and drug dinners away from the prying eyes of hq. Some of the older traders told me that place WAS IT!
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