I think now US got bigger stuff than this act. Election, virus, bad economy, food shortage

For bros here who are invested into the SG stock MNACT and as general info for other HK financial asset investors,...

Following report was provided by the South China Morning Post pertaining to Festival Walk when it reopened fro business in January 2020. This report was dated January 16, 2020.

An upscale shopping mall vandalised last year during Hong Kong&rsquo s anti-government protests reopened on Thursday, but much was still to be fixed despite a closure of more than two months.
Returning for the first time, shoppers at Festival Walk in Kowloon Tong browsed in similar numbers to those before the mall was forced to shut on November 13, according to shop workers.
But behind the veneer of normality, damaged glass panels had been replaced by white metal fences, while some customers were forced to take detours to get to their destination with more than a dozen escalators still out of action.

A handful of shops, including Japanese lifestyle chain Muji, sportswear chain Gigasports, Nike and Toys ' R' Us, were still closed, though normal service was resumed at most boutiques and restaurants.
The Singaporean-owned, 1.2 million sq ft shopping-and-office complex became a target on November 12 last year, as black-clad radicals broke glass and railings and clashed with plain-clothes police officers on various levels. A giant Christmas tree went up in flames after it was hit with a petrol bomb.

The anti-government protests, triggered by the government&rsquo s extradition bill in June, have since morphed into wider unrest including some of the most violent disturbances the city has seen.

Festival Walk has been closed since the day it was battered by clashes, though its office tower reopened on November 26.

An 83-year-old retiree, who gave his surname Wong, said he wanted to return on the first day because he generally used the mall a lot, owing to its proximity to Kowloon Tong station and its spacious interior. &ldquo But it&rsquo s still a bit inconvenient,&rdquo he said, adding that because of the suspended escalators, he had to walk further than usual to get to the dim sum restaurants where he planned to have lunch with his wife.

Of the mall&rsquo s 63 escalators, 13 remained out of order, but every floor still had at least one connecting to the storey above.The two exits facing Tat Chee Avenue and the one leading to the East Rail line were narrowed to only one set of doors, with other doors blocked by white metal sheets.

Mainland Chinese postgraduate student Tang Minmin, 23, struggled to get to City University across the road because the tunnel connecting the campus was still blocked. The Hubei native, who moved to Shenzhen, the mainland city bordering Hong Kong, when her university called off the last term, said the mall&rsquo s reopening was a sign of society &ldquo taking a turn for the better&rdquo . But she was frustrated that access to her university from the mall remained blocked.

Local resident Edith Tang, 25, was puzzled as to why the mall had not been completely fixed up, despite being closed for more than two months.

The skating rink, a signature facility of the mall, was far from ready to return to business on Thursday, with ponds of water gathered on its surface.

&ldquo Putting up white fences doesn&rsquo t actually take that much time,&rdquo Tang said, adding that the closure had deprived her of restaurants and shops. She had been making dinner at home and doing her grocery shopping at another supermarket instead.

But housewife Iris Li disagreed, saying: &ldquo If you are here to shop, you don&rsquo t actually pay much attention to white fences.&rdquo

The 50-year-old Hung Hom resident, who had taken the East Rail line to the mall to pick up a dress after a store&rsquo s Whampoa branch ran out of her size, said it seemed people were in the mood to shop.

A salesman at Japanese fashion chain Uniqlo said customer numbers were smaller than usual, suggesting that many might not have known the mall had reopened. &ldquo But it&rsquo s good to return to the same environment,&rdquo he said.

Some of the mall?s entrances and exits were not fully open. Photo: K.Y. Cheng
Some of the mall&rsquo s entrances and exits were not fully open. Photo: K.Y. Cheng

A saleswoman from a children&rsquo s fashion store said the crowd was about the same as before, with many flocking to restaurants and food courts on Thursday.

By lunchtime, the food court on the second floor was full. Simply Life, a cafe owned by the Maxim&rsquo s Group, unpopular among protesters due to several pro-Beijing comments made by its founder&rsquo s daughter, had customers lining up outside.

Tourists were also in the mix. A Shenzhen woman, who gave her surname Zhang, said she had been going to other districts, such as Tsim Sha Tsui, to shop when the mall was closed. &ldquo The reopening is good because this place is kind of a one-stop shop,&rdquo she said.
This article appeared in the South China Morning Post print edition as: scars still visible at reopening of mall.

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In simple terms as we read the above, the crowd is coming back even as the mall is being repaired. Some stores are still unopened, but when the crowds are back, needless to say, businesses would want to generate revenue too.

It is a matter of eventuality before the former ambience is achieved again,...

HK has one new case from a local woman,... further reports,...

An infectious disease expert on Wednesday urged the government to take serious steps to track where a local woman got infected with the coronavirus, including testing all residents who live at the same public housing block for the disease.

Sources say two tests on a 66-year-old woman for Covid-19 have come back positive. The woman lives at Lei Muk Shue Estate in Tsuen Wan and did not travel outside Hong Kong recently.

The latest case came after the city went 23 days without a locally acquired infection.

Speaking on an RTHK programme, Dr Ho Pak-leung of the University of Hong Kong’s Centre for Infection said the case was worrying. He said social distancing rules cannot now be relaxed further.

The government eased some social distancing regulations on Friday as the coronavirus situation improved.

“We’re talking about human-to-human transmissions. If she didn’t travel outside Hong Kong, it means there must be more than one case locally. We have to track the source of her infection. What I’m worried is whether there’s a cluster of infections behind this case,” he said.

Ho said one possible source of infection was people who returned from overseas and were put under home quarantine.

He said according to information released by the government, 48 people have been put under home quarantine at Lei Muk Shue Estate, three of whom live in the same block as the latest patient. However, he said the government stopped updating the list after March.

“We don’t know if these people went out without wearing masks,” he said.

He criticised the government over the low number of coronavirus tests it is carrying out, saying this fails to track invisible transmission of the disease.

He said Hong Kong could learn from some mainland cities and test all residents living in the same block as a confirmed patient.

“Mainland cities such as Guangzhou and Shenzhen found a lot of asymptomatic patients this way. If you only test close contacts of the patient, you won’t be able to find out invisible transmissions of the disease,” he said.

The total number of confirmed cases in Hong Kong stands at 1,047 so far.

Hi

Just an update. Good news for Han Seng ndices. Finally.

https://www.cnbc.com/2020/05/19/china-techs...seng-rules.html

This post has been edited by Cubalagi: May 19 2020, 06:03 PM

HSI is turning into China Index, which is not necessarily a bad thing.

Been waiting this news since months ago.

Expected alibaba on the list. But too bad it only capped for 5% for the index.

Now more china listed company at US will consider come back to hong kong.

More attractive for those chinese company listed on nasdaq. JD, baidu, sina etc etc.... The environment in us somehow quite anti these chinese companies due to covid and tradenwar.

Nice!!

Is it better to buy before or after those stocks are added to the HSI??

before

thanks! will try to find a chance to enter.

Before..

My China Tracker ETF (0829EA) which has Baba and Meituan already hit record high.

This post has been edited by Cubalagi: May 20 2020, 01:51 PM

and you're not selling to take profit?

The changes will only take place in August so got time.

Waiting to see if S&P breach 3000..then see situation. Maybe I take some profit

I currently hold:
3140 Vanguard S&P500 etf
2804 Premia Viet etf

And 0829EA etf (Bursa) for my foreign equity index exposure.

This post has been edited by Cubalagi: May 20 2020, 02:08 PM

I know this is a HK exchange forum, but is there any reason why you buy 3140 instead of US' VOO or their Irish domiciled version?

Just convinience n habit. I dislike too many exchanges and exchange rates n costs etc to think about.

Bros,... more pressure for Chinese Co's wishing to list in the USA,.....

https://www.finews.asia/finance/31820-u-s-s...ter-21-may-2020

Very high chance for the other chamber to approve this, and for POTUS,... I think we all know'lar,...

Sooner or later the likes of Baba, Bidu, JD.Com will leave US markets. Immediate beneficiary I guess will be HKEX (0388).

Unforunately, this US-China spat will only gets worse as the US elections loom closer. Anti China sentiment is shared by both Republicans and Democrats. This will probably be cause of the next major market downfall after Covid-19. Which is also why I will still keep growing my USD and Gold allocations.

This post has been edited by Cubalagi: May 21 2020, 03:17 PM

will they move to HKSE or LSE? what happen to those who hold ADR?

USD cash?

I wonder if the current events will finally lead to delisting of those Chinese tech stocks from the US mkts,.... today, the US Pension Funds are not allowed to buy or discouraged from buying China-based company shares.

China based??

BABA is incorporated in Cayman island though, are they affected?