HK banks freak out on ‘21st Century has started’ news

The big shock-horror story today is that some of Hong Kong’s behind-the-times, family-run banks and other institutions still maintain networks of walk-in brokerages. In the old SCMP-BankOfEastAsiadays, this was how the little guys would play the stock market. They would enter what looked like a smallish banking hall (typically in the basement under the main one), stand or sit around watching price movements on the screens, fill in a form, and take it over to one of the cashiers’ windows to do the buy/sell transaction. It looked a little bit like – shall we say – a Jockey Club outlet.

Over the years, banks migrated customers to on-line dealing. But it seems some of the older clients enjoyed the physical experience, perhaps not least as a social occasion. Groups of day-trading grandads and grandmas would gather round terminals bickering over which penny stocks to punt on. To add to the fun and make sure everyone could join in, the brokerages would even lend you the money to gamble – or as they quaintly put it ‘invest’ – with. When did the Jockey Club ever do that? (This service is still going, of course.)

Was this dying business model kept alive for a while by Mainlanders coming over to trade here? If so, that would put the brokerages in the same category as the thousands of gold, luxury handbags and cosmetics stores that are, at last, starting to close down after taking over whole streets and districts. Either way, this is a sign of progress, even if the media angle is ‘Hong Kong financial sector/economy going down tubes’.

BaygonI declare the weekend open with the purchase of a new can of Baygon. My apartment has suddenly been overrun by battalions of tiny ants – actually doing that walking-in-lines thing as seen on TV nature shows – and a new mutant strain of giant, excitable, bullet-proof cockroach. It is obviously because of the current heatwave. Nothing to do with the fact that one’s loyal domestic helper is away, oh no.

And talking of infestations, that water with special magic molecules rearranged by secret gamma rays is back in the company pantry…


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4 Responses to HK banks freak out on ‘21st Century has started’ news

  1. Red Dragon says:

    I note that nobody has seen fit to comment on this post; not even (and I raise no objection to this) Enid von Ribbentrop.

    Is this a first?

    If so, I think it’s a real shame.

    Actually, I have nothing to say, but I don’t like to see the comments section left virgin.

  2. Mary Melville says:

    Baygon is toxic and it stinks. Here is a natural solution. My Japanese friend showed me how to make these okashi when I was living in Kumamoto and they seemed to work a treat

    Took a while to find the recipe because although my building is old the only cockies to visit are those large winged beasts that fly in from time to time. Luckily they are blinded by the light allowing time to swipe them.

    1.Boric acid (powdered form) = 250 grams (8.8 oz.)
    2.Onion liquefied (without water) in a blender = 200 grams (7 oz.)
    3.Starch = 20 grams (0.7 oz.)
    4.Wheat flour (bread and cake purpose) = 20 grams (0.7 oz.)
    5.Powdered milk = 25 grams (5 tsp.)
    6.Sugar = 30 grams (1 oz.)

    Place the ingredients into a plastic bowl, and mix them well. Place an old newspaper on the floor and pour all the wet ingredients onto it and let it sit the whole night. In the morning, you will find that it has dried up somewhat and you can make small fingernail-sized balls from it. Place around the house.

    Boric acid dehydrates the buggers.

  3. Hermes says:

    The wet markets sell small packets of white powder that gets rid of ants. I’m not sure exactly what it is but it’s cheap and it works.

  4. RSG says:

    Biokill works for the ants in my village house. Available at Wellcome and presumably Park N Shop.

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