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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: TobagoJack who wrote (197452)10/14/2002 11:45:51 PM
From: Bill/WA  Read Replies (1) of 436258
 
Jay,

Thanks for the response, good to hear from you.

Could you clarifiy the relationship between Hong Kong and the mainland, re:
1. " By contrast, the mainland has a major presence in Hong Kong with the Bank of China (Hong Kong) being the second largest bank in the territory."
2. " Bilateral trade between Hong Kong and mainland China climbed from HKD501 billion in 1991 to HKD1,228 billion in 2001, while cross-boundary passengers increased by 180% to over 56 million during the same period."
3. "As the Hong Kong dollar is freely convertible into other currencies and there is no capital control in Hong Kong,"

Just how independent is Hong Kong from the mainland?
Do you personally still maintain the same "freewheeling" exercise of investing the way "you" want. In short, how has the change affected you, if any?

Thanks again,
Bill/WA

ps; my friends son (who spent a year on the mainland) returned to the States, got his masters and has now returned to the mainland to teach english...US$14.00/hr. Must be living like a king, eh?
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