A worker paints over slogans on a wall in Causeway Bay on October 2, a day after protesters went on a rampage following a mass rally on the 70th anniversary of the People’s Republic of China. Photo: Nora Tam

Why big businesses hit by the Hong Kong protests deserve little sympathy

  • Big businesses that profited from a steady stream of mainland visitors, while ignoring the needs of Hongkongers, are feeling the pinch – as they should
Topic |   Hong Kong protests

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A worker paints over slogans on a wall in Causeway Bay on October 2, a day after protesters went on a rampage following a mass rally on the 70th anniversary of the People’s Republic of China. Photo: Nora Tam
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Demonstrators singing the ‘Glory To Hong Kong protest anthem outside the government offices on September 28, 2019. Photo: Bloomberg

Hong Kong may have lost US$4 billion of capital to Singapore this summer, says Goldman Sachs, as protests rattled nerves

  • Goldman Sachs estimates US$3 billion to US$4 billion in Hong Kong dollars may have been deposited in Singapore this summer
  • Singapore saw a sharp uptick in foreign currency deposits in July and August
Topic |   Hong Kong protests

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Demonstrators singing the ‘Glory To Hong Kong protest anthem outside the government offices on September 28, 2019. Photo: Bloomberg
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