If conventional wisdom held that China would never risk Hong Kong’s market, that was predicated on a specter of a foreign financial exodus. When the national security law was promulgated, experts warned of an international withdrawal and an end to Hong Kong’s status as a global financial capital. Thus far, that seems not to have come to pass. Hong Kong’s economy shrank a record 6 percent last year, due...

Visit the original source and full text: ChinaFile

...Click here to read more »