GBA Briefs: 1/17/2020

HK to plunge: Office rents in Hong Kong’s Central district could plunge by as much as 40% in the next three years, according to one forecast. Read more on SCMP.

Beijing to tighten: Local governments are going to come under tighter financial control by the central government as the FSDC sets up special units within provincial branches of the PBOC. Read more on Caixin.

Financials to enter: Beijing has opened its financial markets wider in the latest US-China trade agreement. Caixin looks at what this means for US firms.

‘Seismic’ shift in HK: One of Hong Kong CE Carrie Lam’s closest advisers says the recent HK$10bn welfare package represents a “seismic” shift in the administration’s thinking. (We tend to agree, and expect this is just a start.) Read more on SCMP.

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