Englund

They worry the crackdown “is just the tip of the iceberg, and that more restrictive policies or enforcement concerning cross-border capital flows could be coming,” At stake is hundreds of billions of dollars of mainland wealth that has bolstered everything from luxury spending and real estate to the stock market. Bloomberg 23 June 2026  https://www.bloomberg.com/news/features/2026-06-23/china-s-offshore-capital-outflow-crackdown-hits-hong-kong-wealth-boom Cayman Islands. A Sunny Place for a Shady Online Business https://englundmacro.blogspot.com/2021/12/a-sunny-place-for-shady-online-business.html Hong Kong Overtakes Switzerland as Top Offshore Wealth Hub https://englundmacro.blogspot.com/2026/04/mbaer-merchant-bank-liquidation-us.html

  A 26-year-old document  https://www.hkma.gov.hk/media/eng/publication-and-research/reference-materials/banking/fa03.pdf that encourages lenders to support distressed companies has been doing the rounds among Hong Kong bankers. The guidelines, jointly issued by the Hong Kong Monetary Authority and the Hong Kong Association of Banks, advise lenders not to withdraw facilities or hastily put borrowers into receivership.  “Banks’ initial attitude should be one of support,” while restructuring plans should aim for unanimity among lenders and prioritize the overall good of the banking group over individual interests, according to the guidelines. The paper has been referenced by Hong Kong’s banking regulator multiple times over the years Bloomberg 22 July 2025 https://www.bloomberg.com/news/newsletters/2025-07-22/hong-kong-regulators-revive-crisis-playbook-to-rescue-landlords

  Poetry in ocean: Hong Kong from the water  https://englundmacro.blogspot.com/2025/03/poetry-in-ocean-hong-kong-from-water.html Article 23 is final confirmation of China’s shocking breach of faith with Britain. Beijing solemnly pledged, 40 years ago, to respect Hong Kong’s autonomy.  https://englundmacro.blogspot.com/2024/03/china-seals-hong-kongs-failed-state-fate.html See inside a 155 mph sleeper train  connecting Hong Kong and Beijing America innovates, China replicates, Europe regulates  https://englundmacro.blogspot.com/2024/12/rolfs-lanktips-9-december-2024.html Hong Kong Property Woes Persist A vital financial lifeline secured by one of Hong Kong’s biggest property developers has helped prevent the city from facing an Evergrande-style downfall — for now. New World Development, a major residential and commercial property firm controlled by one of Hong Kong’s wealthiest families, completed an HK$88.2 billion ($11.2 billion) loan refinancing on Monday, the large...