atans1

2047 financial problem in HK

In Banks, China, Hong Kong, Property on 21/06/2016 at 1:24 pm

From NYT Deal book

Expiration Date on China’s Promises Stokes Unease in Hong Kong Housing Most banks have yet to formulate mortgage policies beyond 2047, when an agreement guaranteeing the city a high degree of autonomy runs out.

I’m sure Uncle Redbean and Goh Meng Seng will scold the banks foer being afraid. They look forward to the day when Chinese “rule of law” prevails in HK.

 

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