The Unstoppable Economy Of Hong Kong: The Land Of Billionaires

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Hong Kong has done very well for itself as a global-middle-man. And the meteoric rise of its neighboring economy, China, has only strengthened the city’s already-prosperous position.

But, of course, if you follow the news, you probably already know that Hong Kong has seen better days. Global trade tensions, prolonged protests, and good-old-fashioned competition have dramatically impacted its economy in recent years.

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⭐️ Business Casual's "The Souk Al-Manakh" Mini-Documentary!

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[BusinessCasual]

Thanks for shouting out our Souk Stock Exchange mini-docu! 🤘

[darius]

its a shame Hong Kong isn't a monarchy, cause then their leader would be called King Kong

[stevem]

One funny thing in the footage: the 'protesters occupying shopping malls' were actually Phillipino maids sharing their day off together in the space underneath the HSBC building in Central. Made me smile.

[jammieproductions]

Petition to change the name of this channel to Stonks explained

[Peizxcv]

9:43 - that's not protesters. That's Filipino/Indonesian OFWs having a day off on Sunday. They are nice and polite people

[bdrTV]

" Mecca the name that is used to describe everything except Mecca " - Hasan Minhaj XD

[EconomicsExplained]

Thanks as always for watching :D This video was requested by the team over on Patreon. If you want to have your say on what video is produced next please consider supporting the channel.

[Paranoid_Found]

I have relatives in Hong Kong living in pathetically small homes and relies on government programs. I also have relatives in Hong Kong working in the lucrative banking sector. Truly bizarre.

[FingeringThings]

Last time I was this early Hong Kong housing was affordable

[EconomicsExplained]

I am already scared of this comment section
*Hides in bunker...

[cyrilzaldevar]

It's almost 1am here in the Philippines, I was about to sleep, but when I saw you release another video, I get energized

[jackopiyo]

Hi man, I hated all things business until I came across your channel and fell for economics. may not be able to support now but most def will

[rasmussuonio]

"This is Hong Kong. A semi-democratic..."

Semi-under-control-of-China might be the right words to use

[bailisinha]

18:01 Puts "Hong Hong" instead of "Hong Kong"

[cklee]

Being a HKer, I'd say that the industries we have are quite limited and the government does not show any sign of incentivising scientific research such as agriculture and the production of drinkable water which are the achilles' heels of HK.The dependence on China also severely restricts the influence of HK which I'd argue is a political move.

[wesk]

Great video! Would be cool to see an episode on Macau - HK's closest former colony neighbor - and compare and contrast the two economies, e.g. Macau's wealth has enabled them to pay its residents monthly stipends.

[macdom]

"The UK is the center of EU finance"
Brexit has entered the chat

[Enoch]

Grew up in HK and now live in the UK, just want to add a few things here.

1. HK Government has nearly no debt. Around 2-3 years ago, HK government owned 1 Trillion US dollar of foreign reserve at the highest point, which is 1/3 of entire Chinese reserve. I'm not sure about today's figure, only know it's lower

2. You keep saying it's special economic zone, while it's true, irl it works more like a client state of China. E.g. member of WTO, WHO, own Olympic team, border check between HK and China, HKers cannot join Chinese military, HKers even have their own passport and most of the people don't identify as Chinese

3. To China, Shanghai is THE onshore financial centre, HK is offshore. Both are irreplaceable to China (70-80% of foreign investment to China come from HK) 

4. HK may be good on the numbers even compared with Nordic countries, but it's a living hellhole in reality

5. the US just cancelled HK special status, it may or may not be able to continue to attract foreign investment. We'll see

Edit: According to wiki, HK currently has 442 billion US dollar of reserve, 8th in the world, more than UK and Germany combined

[sch-corp]

One thing that many people seem to gloss over (this video included) is the strength of the Hong Kong legal system, built on the foundations of the UK common law system. It is the strength of its legal systems that give investors the courage to invest money into China through Hong Kong.

[armchairwomanmao]

Thanks so much fellow Aussie for sending my mother city MUCH LOVE ! KEEP THE HKD GOING FOR ETERNITY! ❤️❤️❤️💪💪💪