Monday, November 5, 2007

Goldfish Street in Hong Kong

In Mongkok, there is a Gold Fish Street where you can find a lot of shops that sells aquariums, gold fish, tropical fish and all kind of other fish. You see that most of the shops are selling fish using a plastic bag and hanging it outside the shop.


The Goldfish street is located between Tung Choi Street and Bute Street (Prince Edward MTR exit B2).


Hong Kong People and the Stock Market


This is a common scene in-front of Banks in recent months. There are tones of people looking at the screens to check on the stock market. You can see that no matter they are old or young people, they are all investing in stock market.

On this particular day, there is a big drop in the Hong Kong Hang Seng Index where there is a drop of over 5% or 1,526.02 points.

Monday's plunge came after Chinese Premier Wen Jiabao said over the weekend that four conditions need to be met before Chinese individuals will be allowed to invest directly in the Hong Kong market. The conditions include a law to regulate fund outflows to avoid a shock to the mainland market and studying the possible negative consequences for the Hong Kong stock market. His comments raised doubts about when the scheme to allow direct investment from the mainland, known locally as the 'through-train,' will be launched. Hong Kong shares had risen more than 30% since August.

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