From the risks in the American insurance industry to crackdown on immigration, all of these are causing great concern among the financial elites.
Top bankers and investors globally are warning of many unfavorable factors, from systemic risks in the US insurance industry to President Donald Trump's crackdown on immigrants. At a global summit held in Hong Kong, UBS Group Chairman Colm Kelleher harshly warned of risks in the US insurance industry, pointing out that while private financing is booming, regulation is weak and complex. At the same time, State Street Bank CEO Ron OHanley criticized the US immigration policy, calling it "detrimental to growth"; the unprecedented crackdown on immigrants in the US has even caused confusion among skilled foreign workers.
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