top | item 23327151

(no title)

ra1n85 | 5 years ago

It's wreak.

And you're probably right. Hong Kong's status made it home to a lot of the financial engineering of commerce between China and the west. With it losing its status, I think a lot of the financial machinery in HK is about to come undone. Singapore will likely benefit, to some degree, from this move. The world and China may need to find new markets and suppliers in the short term.

discuss

phyalow|5 years ago

https://www.thestandard.com.hk/section-news/section/2/210388... The sceptic in me thinks there is more than meets the eye here.

JMTQp8lwXL|5 years ago

Doesn't China have more to lose by giving up HK's special status versus absorbing into China's larger political apparatus?

ra1n85|5 years ago

Yes, I would imagine so. HK seemed to be the only conduit through which trade with the west could flow smoothly. It will be interesting to see how this plays out.