fredag 20. september 2019

Mired in protests, Hong Kong should brace itself for a takeover by mainland Chinese interests and capital

The protests in Hong Kong against the extradition bill have evolved into an unstoppable
anti-government movement. There is no sign that any of the stakeholders – China, Chief Executive Carrie Lam Cheng Yuet-ngor or the protesters – will back down. Hong Kong is again at a crossroads. Since politics and economics are codependent, when there is political turmoil, we can expect capital to be relocated.

Over the past 50 years, as Hongkongers worked hard to transform their home into an international financial centre, there have been two major power and capital transfers. It seems to many that a third one is happening.