3 ms·
HK is a fairly mature financial sector (HSBC is literally HongKong and Shanghai Banking Corporation) and is also well integrated into both Chinese and internati
by bobthepanda 4y ago
HK 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.