Fan stressed, however, that the “underlying fundamentals” of the economy remained strong, and HSBC expected local firms to report an average earnings growth of 10 percent for this year.
The NABHA story has nothing to do with its ordinary 4 per cent running yield, which is average compared with other shorter-dated hybrids like CBAPD, which is paying 4.8 per cent annually before franking (6.4 per cent after). The hype emanates from hope NA
What’s more, Chinese investors (a group that has arguably contributed the most to skyrocketing Sydney home prices) have been hit by restrictions on taking money out of China by their communist government.
S&P Global Ratings sees selective defaults in South-east Asia, where conglomerates become more aggressive in acquisitions, resulting in increased debt loads
Only 24% of Hong Kong’s growing number of affluent investors trust financial advisers, which compares to around 45% of those in the US, according to Michael Fong, managing director at Charles Schwab in Hong Kong.
The conference was attended by 1,000 delegates from 40 countries addressing issues relating to climate action, education and wealth disparity, among other things.