8chan/8kun QResearch Posts (4)
#15312373 at 2022-01-05 12:49:29 (UTC+1)
Q Research General #19368: Lay Down With Dogs, Wake Too Scratch Muh Balls and Schiff Edition
>>15312285
>>15312334
>>15312345
>>15312354
>>15312354
it's the fuckin chinks
>and Knight Dragon.
>and Knight Dragon.
> https://knightdragon.com/#intro
Backed by Dr. Henry Cheng, Chairman of New World Developments and CTF, and led by entrepreneur Sammy Lee, we have a truly unique and global approach.
>https://en.wikipedia.org/wiki/Henry_Cheng
Henry Cheng Kar-shun, GBM, GBS (Chinese: ???; born 11 December 1946) is a Hong Kong billionaire property developer.
Cheng is the elder son of Cheng Yu-tung who founded Hong Kong-listed New World Development of which Henry succeeded his father as chairman.[2] Cheng is chairman of NWS Holdings, New World China Land, and New World Department Store China.He is also a Standing Committee Member of the Eleventh Chinese People's Political Consultative Conference.[3][4]
In the 2012 Chief Executive election in Hong Kong, Cheng initially supported Henry Tang but switched to support the eventual winner, Leung Chun-ying. When Leung's second Secretary for Development, Paul Chan, became embroiled in a property and credibility scandal (as had the first, Mak Chai-kwong), Cheng was the first public figure to offer support.[5]
Cheng has six children (from oldest to youngest): Adrian, Sonia, Brian, Christopher, Chak-wang and Chak-yin.
In 2016, Henry Cheng donated RMB$300 million to China Internet Development Foundation to support cyber security training.[6]
He was awarded the Grand Bauhinia Medal (GBM) by the Hong Kong SAR Government in 2017.[7]
>https://en.wikipedia.org/wiki/Chinese_People%27s_Political_Consultative_Conference
The Chinese People's Political Consultative Conference (CPPCC, Chinese: ??????????), also known as the People's PCC (Chinese: ????, About this soundlisten) or simply the PCC (??), is a political advisory body in the People's Republic of China and a central part of the Chinese Communist Party's United Front system.[2] The body traditionally consists of delegates from the Chinese Communist Party (CCP) and its allied front organizations, eight legally-permitted political parties subservient to the CCP, as well as nominally independent members.[3][4][5] The CPPCC is chaired by a member of the Politburo Standing Committee of the Chinese Communist Party.[6] In keeping with the United Front strategy, prominent non-CCP members have been included among the Vice Chairs, examples being Chen Shutong, Li Jishen and Soong Ching-ling.[7]
#8252298 at 2020-02-26 05:55:52 (UTC+1)
Q Research General #10565: Crimes Against Humanity Edition
Hong Kong Embraces Helicopter Money - Govt Gives Every Adult Citizen HK$10,000
Hong Kong just went full monetary-policy retard.
In a desperate effort to "do something" about the economic collapse that the region is suffering…
Hong Kong's Financial Secretary Paul Chan Mo-po is set to unveil a HK120 billion relief deal which includes 'helicopter money' - giving every Hong Kong permanent resident over the age of 18 a cash handout of HK$10,000 (around US$1,300) to, reportedly, ease the burden on individuals and companies.
As SCMP reports, Chan has been under intense pressure from lawmakers to dose out a heavier aid to help the city ride out of the economic slump - battered by the coronavirus epidemic and months of anti-government protests, sparked by the now-withdrawn extradition bill.
And as we detailed recently, Sun Hung Kai Properties, which is among Hong Kong's largest mall owners, said on Wednesday it would reduce February rent by up to 50% for most of its tenants, in an effort to stabilize economy and protect employment.
Earlier this month, KPMG urged the Hong Kong government to unleash the helicopter money:
"The Hong Kong government should avoid the temptation to increase taxes or cut expenditures at a time when the city should in fact protect and even step up its domestic support programs," said John Timpany, partner and head of tax in Hong Kong at KPMG China.
KPMG went on to propose a series of short and long-term spending measures, including:
Giving out HK$10,000 electronic consumption vouchers to permanent residents age 18 and older to promote spending at local businesses.
Tax relief measures for local businesses such as deferred payments and partial waivers of provisional tax.
Extending rent subsidies for Hong Kong Science Park, Cyberport and other public institutions for six to 12 months.
Support to working parents as well as allowance on rental expenses for residences.
Boost Hong Kong's long-term competitiveness by adopting bolder tax incentives and lower rates to attract overseas business.
"The reserves are meant to prepare Hong Kong for rainy days, and we should use it timely and wisely to weather the storm we are in now," said Alice Leung, a partner for corporate tax advisory at KPMG China.
But, the money-drop was first suggested back in December, when the the pro-business Liberal Party proposed that the Hong Kong government should give cash or vouchers to each adult permanent resident in order to stimulate local consumption.
Last Friday, pan-democrats tabled a non-binding motion in Legco urging the government to include a HK$10,000 cash handout in its HK$30 billion aid package.
The motion was voted down by Chow and other pro-government lawmakers who said it would delay passage of the funding application for the package.
And as recently as Sunday, Chan said in a blog post:
"The government's resources are finite, it is impossible for this budget to completely satisfy demands from everyone."
But, it seems Chan was able to see past that 'finite-ness' and the virus scare was just the right crisis not to waste and will dip into the government's large fiscal reserves of about HK$1.1 trillion to help the city ride out the economic slump.
The handout will cost HK$71 billion and benefit around 7 million people:
that'll fix it
https://www.zerohedge.com/economics/hong-kong-embraces-helicopter-money-govt-gives-every-adult-citizen-hk10000
#8250702 at 2020-02-26 03:28:18 (UTC+1)
Q Research General #10532: A Good Week Of Winning Edition
Hong Kong Embraces Helicopter Money - Govt Gives Every Adult Citizen HK$10,000
Hong Kong just went full monetary-policy retard.
In a desperate effort to "do something" about the economic collapse that the region is suffering
Hong Kong's Financial Secretary Paul Chan Mo-po is set to unveil a HK120 billion relief deal which includes 'helicopter money' - giving every Hong Kong permanent resident over the age of 18 a cash handout of HK$10,000 (around US$1,300) to, reportedly, ease the burden on individuals and companies.
https://www.zerohedge.com/economics/hong-kong-embraces-helicopter-money-govt-gives-every-adult-citizen-hk10000
#7416827 at 2019-12-03 03:46:06 (UTC+1)
Q Research General #9485:110 Pages of Congressional Failure! Justice Coming! Edition
Hong Kong Retail Sales Suffer "Very Enormous" Crash As Tourism Collapses
Not a surprise but that is one big drop after a decent, if not small, recovery-been dropping all year.
Hong Kong's retail industry crashed again in October, as the city spirals lower into a recession that could lead to a collapse of the economy, reported Reuters.
Retail sales in October plunged 24.3% YoY, according to government data published on Monday. This was by far the worst print on record as the tourism industry in the last six months has evaporated. Retail sales fell to $3.85 billion in October, a ninth consecutive month of declines, following violent clashes between pro-democracy protesters and police around shopping districts, malls, and eateries. Many Mainlanders now view Hong Kong as far too dangerous for travel, one of the main reasons why the retail industry has tanked.
Financial Secretary Paul Chan Mo-po said retail sales decline will continue to be "very enormous" heading into the new year.
Last month, it was confirmed that Hong Kong stumbled into a recession for the first time in a decade in 3Q.
More than six months of protests and nearly 17 months of a trade war between the US and China dampened economic activity in the city.
With no end in sight to neither the protests and trade war, Hong Kong's economy is expected to continue decelerating through 1Q20, will likely face a deeper slump than what was seen in the 2008 financial crisis. GDP data was revised lower for full-year growth to -1.3%. That marked the first annual decline since 2009.
Chinese Mainlanders and tourists from across the world have canceled bookings, as retailers have been severely damaged from crashing sales, and the stock market continues to trend lower, which has been compounded by the ongoing trade war between the US and China.
Tourism numbers for October arrivals plunged 43.7% YoY to 3.31 million, according to the Hong Kong Tourism Board. September figures showed a 34.2% drop. We've noted that luxury retailers have been hit the hardest, also putting pressure on the global diamond industry.
The government has deployed stimulus measures since August, but monetary policy is widely ineffective when social-economic chaos continues to gain momentum.
The outlook for 2020 could be absolutely disastrous for retailers in the city, there's the Chance that if the retail industry remains depressed, then a massive wave of store closures could nearing. This would also trigger enormous job losses and feed through the system, likely tilting the economy into a depression.
Imagine that, and it only took six months of violent protests in Hong Kong to trigger economic disaster. Now the real question remains, what are the global implications to the financial system of an imploding Hong Kong?
https://www.zerohedge.com/markets/hong-kong-retail-sales-crash-worse-record-tourism-collapses