- The mainland clamp down on corruption will hit HK harder than SARs and will take a long time for HK settle into the new normal.
- Inbound / outbound expats - no direction right now. There is a net outflow I think, from my 'network' or observations.
- Expat businesses in retail, F&B (atleast the independents), services (professional / lifestyle - fitness etc) are going to be hit hard over summer.
- School situation quite bad, Dragon babies are making their way into 'international schools' very aggressively. More shortage, even with the new schools so inbounds will have problems with school over summer.
- Rentals are dropping and so are property prices.
I would not be buying a tesla at the moment if I had cash on hand...
Quite surprised that the stocks are behaving in a contrarian manner, but then I figure the markets have not been driven by retail investors in a long time.