The future of Hong Kong
Can Hong Kong retain its position as Asia's financial capital?
Can Hong Kong retain its position as Asia's financial capital? The National Security Law passed in Hong Kong saw violent protests in the middle of 2020. The BBC’s Karishma Vaswani takes us through how businesses have changed the way they work to avoid getting in to trouble with Beijing. Edward Yau, Hong Kong’s Secretary for Commerce says the new law won’t change the basic pillars of Hong Kong’s society, and that it will continue to attract big corporate names to hold on to its place as a key financial hub. But it’s not ‘business as usual’ by any means, says Tara Joseph, the president of the American Chambers of Commerce for Hong Kong, saying the worsening relationship between the US and China, coronavirus and the new law means some business people are holding back from their usual activity. And two key business figures, Weijan Shan, CEO of private equity firm PAG, and Curtis Chin, former US Ambassador to the Asian Development Bank, try to unpick the difficulty of the ‘one country, two systems’ approach which China has historically promised in its governance over Hong Kong.
(Image: A silhouetted figure looks pensively over Hong Kong's famous Victoria Harbour and the cityscape, lit up at night time. Credit: Tse Hon Ning / Getty Images)