Hey KJC, my PhysEd and lympho session is over, and now wait for wife to get ready, by and by, to swim and eventually Italian or Spanish dinner with in-laws.
I am looking forward to tomorrow, Monday, because it will go quickly, followed by Tuesday, July 1st, public holiday (handover of HK from Britain to China).
The Chinese premier Wen Jia Bao is in town and is telling us via TV how China will help out HK. We will have a free-trade agreement, giving HK-based companies a first shot at China tariff-free market, ahead of the multinationals before full WTO implementation.
More mainland companies will be allowed, encouraged, pushed to seek HK stock listing, to give energy to the market.
More mainland wealthier folks will be allowed HK residency (in exchange for real estate investment money).
More mainland tourists will be allowed, encouraged, pushed to visit HK.
The integration, when completed, will turn HK into China's Bahamas (offshore banking), Monaco (wealthy residence) and Las Vegas (fun) proxy.
The HK stock market should move up on at least Monday on all the happy talk, wild dreams, greedy hopes, and the general 'everything will be just fine' thoughts ;0)
Chugs, Jay |
