4 ms·

Sponsor relocation to US/UK/Taiwan for any HK citizen who wants it? HK will have 0 value to China if every educated person leaves it.

stingrae 5y ago
HK doesn't really have value to China other than making the case to its population that it never stands down or loses. Economically HK isn't that big of a deal compared to the rest of China at this point.
- hker 5y ago
  If it were true, China would not have delayed its Anti-Sanctions Law in Hong Kong [1]. Hong Kong is huge in supporting the Finance of China. > But the Hong Kong government can only welcome the stock listing opportunity to reinforce Hong Kong as the world’s premier IPO destination, especially at a time when the introduction of the national security law has raised concerns about maintaining the city as a global financial hub. [1]: https://www.scmp.com/comment/opinion/article/3145952/why-china-delaying-draft-anti-sanctions-law-hong-kong https://www.scmp.com/comment/opinion/article/3145952/why-chi...
  - stingrae 5y ago
    At a very simple level you can compare the GDP of PRC=$14.72T vs the GDP of HK=$349.5B from 2020.
    - sebmellen 5y ago
      But that is a myopic comparison. The strategic value of Hong Kong’s (semi)-open capital markets is that they act as a conduit between a totalitarian isolationist state and the rest of the world. The US’s capital markets support international trade in a somewhat similar way, and are thus innately valuable even without accounting for the productivity of American workers.
    - gscott 5y ago
      Capital inflows to China are done through Hong Kong. HK is just a financial center for China. As far as the population goes, China could care less as long as they two the communist line. https://www.reuters.com/article/us-hongkong-protests-finance-explainer/explainer-how-important-is-hong-kong-to-china-as-a-free-finance-hub-idUSKBN2350VO https://www.reuters.com/article/us-hongkong-protests-finance...
- iheartlife 5y ago
  Thats an incredibly simplified take on it. HK might not represent a large part of the chinese economy but it still facilitates a large part of foreign investment into chinese companies. In CN there are largely three types of listings A shares, B shares and H shares. A & B are listed on SZ and SH exchange and are not freely traded like you know it from the west. H shares are listed on HK exchange and are freely traded using the Hong Kong Dollar. This is why companies like Tencent are dual listed on Shanghai and Hong Kong exchange, to facilitate foreign investment that wouldnt be possible in the same way if Tencent was only listed as B class on Shanghai exchange.
  - jpgvm 5y ago
    It's also listed OTC in the US as the TCEHY ADR.
kwere 5y ago
If they could leave
jogu 5y ago
While not sponsored exactly, the UK has made some targeted changes to visa policies that make it easier for people in Honk Kong to relocate to the UK.
Closi 5y ago
The UK has already offered relocation and citizenship to approx 40% of the population of HK, so this has pretty much already happened.
godelski 5y ago
It isn't exactly easy to leave your country, family, friends, and entire life behind. The UK did make it easier for HKers to get visas and relocation, but I think efforts like this only go so far in practice. Not enough people want to leave until it is too late. Because, and it is hard to blame them, they hope that their home will end up being saved by the many people fighting to preserve it. Leaving, in a way, is giving up. We should also note that with the growth of Shenzhen and other mega cities, HK isn't that important to China anymore. That's part of why they've become more aggressive in the situation.

stingrae 5y ago

HK doesn't really have value to China other than making the case to its population that it never stands down or loses. Economically HK isn't that big of a deal compared to the rest of China at this point.

hker 5y ago
If it were true, China would not have delayed its Anti-Sanctions Law in Hong Kong [1]. Hong Kong is huge in supporting the Finance of China. > But the Hong Kong government can only welcome the stock listing opportunity to reinforce Hong Kong as the world’s premier IPO destination, especially at a time when the introduction of the national security law has raised concerns about maintaining the city as a global financial hub. [1]: https://www.scmp.com/comment/opinion/article/3145952/why-china-delaying-draft-anti-sanctions-law-hong-kong https://www.scmp.com/comment/opinion/article/3145952/why-chi...
- stingrae 5y ago
  At a very simple level you can compare the GDP of PRC=$14.72T vs the GDP of HK=$349.5B from 2020.
  - sebmellen 5y ago
    But that is a myopic comparison. The strategic value of Hong Kong’s (semi)-open capital markets is that they act as a conduit between a totalitarian isolationist state and the rest of the world. The US’s capital markets support international trade in a somewhat similar way, and are thus innately valuable even without accounting for the productivity of American workers.
  - gscott 5y ago
    Capital inflows to China are done through Hong Kong. HK is just a financial center for China. As far as the population goes, China could care less as long as they two the communist line. https://www.reuters.com/article/us-hongkong-protests-finance-explainer/explainer-how-important-is-hong-kong-to-china-as-a-free-finance-hub-idUSKBN2350VO https://www.reuters.com/article/us-hongkong-protests-finance...
iheartlife 5y ago
Thats an incredibly simplified take on it. HK might not represent a large part of the chinese economy but it still facilitates a large part of foreign investment into chinese companies. In CN there are largely three types of listings A shares, B shares and H shares. A & B are listed on SZ and SH exchange and are not freely traded like you know it from the west. H shares are listed on HK exchange and are freely traded using the Hong Kong Dollar. This is why companies like Tencent are dual listed on Shanghai and Hong Kong exchange, to facilitate foreign investment that wouldnt be possible in the same way if Tencent was only listed as B class on Shanghai exchange.
- jpgvm 5y ago
  It's also listed OTC in the US as the TCEHY ADR.

kwere 5y ago

If they could leave

jogu 5y ago

While not sponsored exactly, the UK has made some targeted changes to visa policies that make it easier for people in Honk Kong to relocate to the UK.

Closi 5y ago

The UK has already offered relocation and citizenship to approx 40% of the population of HK, so this has pretty much already happened.

godelski 5y ago

It isn't exactly easy to leave your country, family, friends, and entire life behind. The UK did make it easier for HKers to get visas and relocation, but I think efforts like this only go so far in practice. Not enough people want to leave until it is too late. Because, and it is hard to blame them, they hope that their home will end up being saved by the many people fighting to preserve it. Leaving, in a way, is giving up. We should also note that with the growth of Shenzhen and other mega cities, HK isn't that important to China anymore. That's part of why they've become more aggressive in the situation.