Latest news with #StephenRoach
South China Morning Post
20 hours ago
- Business
- South China Morning Post
Hong Kong's still ‘over' but Stephen Roach says city a surprise trade war winner
American economist Stephen Roach has said that Hong Kong has benefited from the US-China trade war despite last year having declared the city to be 'over', even as he claimed that other aspects of the financial hub had worsened. The former Morgan Stanley Asia chairman sparked debate last year after he penned an opinion piece which argued, in part, that Hong Kong would be caught in the 'crossfire' of the worsening US-China rivalry. 'The word caught is the word that, if I had to write the piece again, I would probably change, because I think, ironically, Hong Kong has benefited from the crossfire between the US and China,' he told the Post in a recent interview. Despite worsening ties between the two superpowers since US President Donald Trump began levying his so-called reciprocal tariffs on China and the rest of the world, Hong Kong's stock market has seen solid gains. The benchmark Hang Seng Index is up by around 50 per cent since Roach made his original claim, while Hong Kong has rocketed to the top of the global fundraising table following a string of high-profile initial public offerings last month, including from mainland Chinese battery maker Contemporary Amperex Technology. Roach, who is now a faculty member at Yale University, said the 'sell America' trade had become a 'global mantra' and Hong Kong was a beneficiary.
South China Morning Post
a day ago
- Business
- South China Morning Post
Still ‘over'? Stephen Roach says Hong Kong a surprise winner in US-China rivalry
American economist Stephen Roach has said that Hong Kong has benefited from the US-China trade war despite last year having declared the city to be 'over', even as he claimed that other aspects of the financial hub had worsened. The former Morgan Stanley Asia chairman sparked debate last year after he penned an opinion piece which argued, in part, that Hong Kong would be caught in the 'crossfire' of the worsening US-China rivalry. 'The word caught is the word that, if I had to write the piece again, I would probably change, because I think, ironically, Hong Kong has benefited from the crossfire between the US and China,' he told the Post in a recent interview. Despite worsening ties between the two superpowers since US President Donald Trump began levying his so-called reciprocal tariffs on China and the rest of the world, Hong Kong's stock market has seen solid gains. The benchmark Hang Seng Index is up by around 50 per cent since Roach made his original claim, while Hong Kong has rocketed to the top of global fundraising table following a string of high-profile initial public offerings last month, including from mainland Chinese battery maker Contemporary Amperex Technology. Roach, who is now a faculty member at Yale University, said the 'sell America' trade had become a 'global mantra' and Hong Kong was a beneficiary.
CNBC
2 days ago
- Business
- CNBC
Hong Kong will be 'very challenged' if trade war broadens: Roach
Stephen Roach, senior fellow at Yale Law School, talks about his view on Hong Kong: its economic and political future, and where it stands in the US-China trade war.
Bloomberg
3 days ago
- Business
- Bloomberg
Roach: Too Early to Declare Hong Kong Over
Stephen Roach, Senior Fellow at Yale Law School, discusses why he is revising his declaration that Hong Kong is finished and says the city is being reinvigorated by US-China tensions. He speaks with Yvonne Man and David Ingles on "Bloomberg: The China Show." (Source: Bloomberg)
Bloomberg
4 days ago
- Business
- Bloomberg
Stephen Roach Now Says It's Too Early to Declare Hong Kong Over
Stephen Roach is revising his declaration that Hong Kong is finished. The former Morgan Stanley Asia chairman said the city is being reinvigorated by US-China tensions, something he didn't anticipate when he penned his column entitled 'It pains me to say Hong Kong is over' which was published in the Financial Times in February last year.
