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Risk Warning on Trading HK Stocks
Despite Hong Kong's robust legal and regulatory framework, its stock market still faces unique risks and challenges, such as currency fluctuations due to the Hong Kong dollar's peg to the US dollar and the impact of mainland China's policy changes and economic conditions on Hong Kong stocks.
HK Stock Trading Fees and Taxation
Trading costs in the Hong Kong stock market include transaction fees, stamp duty, settlement charges, and currency conversion fees for foreign investors. Additionally, taxes may apply based on local regulations.
HK Non-Essential Consumer Goods Industry
The Hong Kong stock market encompasses non-essential consumption sectors like automotive, education, tourism, catering, and apparel. Of the 643 listed companies, 35% are mainland Chinese, making up 65% of the total market capitalization. Thus, it's heavily influenced by the Chinese economy.
HK Real Estate Industry
In recent years, the real estate and construction sector's share in the Hong Kong stock index has notably decreased. Nevertheless, as of 2022, it retains around 10% market share, covering real estate development, construction engineering, investment, and property management.
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[MakerDAO Founder Hopes MKR Holders Will Vote On The Sky Brand And Make A "firm Decision"] According To CoinDesk, MKR Token Holders Are Currently Voting To Assess Their Opinions On Whether MakerDAO Should "reposition" The Maker Brand And Abandon The New Name "Sky" Adopted In August. This Non-binding Vote Currently Shows That Token Holders Support Retaining The Sky Brand, Although Participation Is Currently Quite Limited. MakerDAO Founder Rune Christensen Remained Neutral On The Brand Issue In An Interview, But Asked The Community To Resolve The Brand Controversy And Refocus On Growth. He Said: "The Most Important Thing Is To Make A Decision And Focus On What's Important, The Product." Christensen Emphasized That Changing The Name To Sky Is Not Just A Superficial Effort, "far More Than A Rename", But Part Of Maker's "end Game Strategy" To Launch New Products Such As The USDS Stablecoin. Christensen Said That One Way To Track The Success Of This Stablecoin Is To Observe The Proportion Of USDS That Is Idle Without Receiving Rewards. Of The More Than $1 Billion In Circulation, A Small But Notable Amount Has Not Been Rewarded - Indicating That It Is Held By Real Humans, Not Bots, As This Idle Behavior Indicates Real Usage, As Real Users Treat USDS As Cash, Temporarily Holding It Without Seeking To Maximize Returns. However, While The Move Is Still Seen As A Success And The Launch Of The USDS Stablecoin Exceeded Expectations, Christensen Also Admitted That Sky's Renaming Has Encountered Challenges, Affecting Community Perception And Market Confidence. This Round Of Voting Will Last Until November 7. The Next Step Will Be A Binding Governance Vote
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