Dear Global Business Enthusiast,
Michael Michelini (@michelini) here. You’re getting this email because you requested my periodic thoughts on international business from Hong Kong.[Edit: Actually, it’s possible that you’ve never gotten an email from me. Somebody might have just given you the link to this page, which is an online archive of an email that I sent to folks who had asked for it. If you’d like to get articles like this in your inbox, totally free, about once a week or two, give me your email address.]
This week: China over-investing in Silicon Valley, HK property highest since 1997 crash, HK banking challenges, and more!
Seems a ton of people are on vacation this week, from my Facebook feed to just a low in the traffic numbers. Hope you are enjoying your mid August week! No real vacation for me, but catching up on a lot of work as things are slower than normal.
More bad news for HK banking… The Central Bureau of Investigation (CBI) on Wednesday claimed to have busted a racket of Indian Overseas Bank officials and businessmen who allegedly managed to siphon off Rs 321 crore of public money to a Hong Kong-based company using fake guarantee issued by the bank
China is flooding Silicon Valley with cash. That sounds good? But here in this Washington post article they explain what could go wrong. Via Chris Moore
And some fun… Hundreds hit streets in Hong Kong’s first ‘PokeWalk’
– Global From Asia News
This week’s podcast – nervous you’d ever lose your passport or citizenship? Esther Jacobs is going through that now as a Dutch citizen living abroad. She shares her story and tips on how can you avoid this on this week’s podcast.
Curious about the drop ship system from China direct to end consumer? I broke it down step by step in this week’s blog post.
I am meeting the Chinese government later this week to discuss more cross border trips – and am already preparing for the 2017 Cross Border Summit! Save the date for April 2017, it is going to be better than ever this coming year.
Photo of the Week
Hong Kong Hustle. In my video blog, I gave a glimpse of how it is in an action packed, meeting filled day in Hong Kong, enjoy!
Sent Aug 11, 2016
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– Michael Michelini
mike @ globalfromasia.com