I don't think that the jury is out. Those guys saying Hong Kong will become another Shanghai or become anther Japan, I think there's an 80 percent chance they are wrong.

It's like a jar of candies you can see but you can't get your hands on. The foreign investors will believe this when they see more fundamental changes in how companies are run.

This is a Beijing strip-tease. They should have explained this all in May.

High interest rates have affected car and motorcycle sales. The high interest rate climate has affected consumer demand; retail sales have been affected.

You never know when it [the market] is going to move. But when they have made a lot of money staying out of Hong Kong, the risk is they are too low in Hong Kong relative to their benchmark.

(The sale) would not surprise me. (It would be) consistent with what we have been saying about downsizing in international retail brokerage.