Article

2020-08-27 China-Japan-Koreas

Vanguard to close Hong Kong, Japan operations

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Posted by Frank G 2020-08-27 10:51|| || Front Page|| [5 views ] Top
File under: Commies

#1 HK has, for a long time, been the comfortable plush "front office" operations and marketing/sales face for companies that had moved manufacturing first and then accounting, IT, operations and other management to Shenzhen and other places in southern China. Hong Kong was sort of the insurance policy for the ChiComs with regards to the West but, with the abrogation of the one country two systems agreement from when HK changed over from British to Chinese sovereignty and the draconian Nat Sec law in HK recently, that junk seems to have sailed.

The Vanguard decision may not be directly caused by the Chinese heavy HK hand - but probably made it easier. They are index funds anyway so probably can manage from almost anywhere. Their joint venture with Ant hopes to have a dual listing IPO in HK and Shanghai. HK will become more of a second fiddle to Shanghai probably as the financial center of the heathen Chinee - for better or worse.

Posted by York Harding 2020-08-27 11:22|| 2020-08-27 11:22|| Front Page Top

#2 Well you can see from text they are shifting to China.

Posted by Thorong Grundy1520 2020-08-27 16:04|| 2020-08-27 16:04|| Front Page Top

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