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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 Kon
by 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 agoAt a very simple level you can compare the GDP of PRC=$14.72T vs the GDP of HK=$349.5B from 2020.
- sebmellen 5y agoBut 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 agoCapital 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...