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Hong Kong may not be a great place to invest long term given that China has a far more precarious legal system and is willing to override Hong Kong’s on a whim.
by bobthepanda 4y ago
Hong Kong may not be a great place to invest long term given that China has a far more precarious legal system and is willing to override Hong Kong’s on a whim.
- nostrademons 4y agoFor a technology that seeks to replace the legal & financial system, this is the perfect place to invest. It's like how Uber couldn't have gotten started anywhere other than SF, because the transportation system there is so bad that people will hop into cars with strangers instead. You don't found a startup in places where your competition is strong, you found it in places where it's nonexistent.
- bobthepanda 4y agoHK is a fairly mature financial sector (HSBC is literally HongKong and Shanghai Banking Corporation) and is also well integrated into both Chinese and international financial systems, I would hardly call the competition “nonexistent.” HKD is probably the largest dollar peg. The legal system also exists; it’s British-descended common law unless the CCP decides to use its authoritarian instinct.
- bandrami 4y ago> hop into cars with strangers instead I'm pretty sure every city has taxis?